The Center for Financial Studies
conducts independent and internationally oriented research in important areas of Finance. It serves as a forum for dialogue between academia, policy-making institutions and the financial industry. It offers a platform for top-level fundamental research as well as applied research relevant for the financial sector in Europe.
CFS People
"Good policy needs rigorous, state-of-the-art economic analysis, combined with sound judgement. It is necessary to critically mirror the "new" against the "old" – both in theory and with regard to political circumstances. Economic research conducted in such a way remains theory, but a theory that does not solely rely on a model."
Jan Pieter Krahnen
Director, Coordinator "Monetary Policy & Financial Stability"
Uwe Walz
Director, Coordinator "Corporate Finance & Financial Markets"
Volker Brühl
Managing Director
Differences in Euro-Area Household Finances and their Relevance for Monetary-Policy Transmission
Do “Speed Bumps” Prevent Accidents in Financial Markets?
Jorge Gonçalves, Roman Kräussl, Vladimir Levin
Machine Learning, Human Experts, and the Valuation of Real Assets
Mathieu Aubry, Roman Kräussl, Gustavo Manso, Christophe Spaenjers
When saving is not enough – The wealth decumulation decision in retirement
Pascal Kieren, Martin Weber
CFS Presidential Activities
Memorandum on the ECB’s Monetary Policy
4. October 2019 - Otmar Issing and further leading former central bankers in Europe on ECB monetary policy. The F.A.Z. documents their memorandum in the English original
16 December 2019
12:00 - 12:45
From Karl Brunner Distinguished Lecture Series: The MIT Press Book "The Long Journey of Central Bank Communication" by Otmar Issing, and the speech "Central bank communication: relevance and challenges" by Thomas J. Jordan
CFS Presidential Lecture
The MIT Press BOOK: "The Long Journey of Central Bank Communication"
By Otmar Issing
From Karl Brunner Distinguished Lecture Series
CFS Index
Current Value: 109,9
CFS Research Network - MIGGROPRICES
Employing novel and very comprehensive (“big data”) sets of micro prices (at the retail product level) the research network MIGGROPRICES aims at contributing to this literature by providing new insights into the nature of price setting. Moreover, research conducted in the context of MIGGROPRICES addresses questions related to (inter-)national goods market integration, the pass-through of costs to prices and issues of competitiveness.