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
Günter Coenen, Carlos Montes-Galdón, Frank Smets
Symmetric Markovian Games of Commons with Potentially Sustainable Endogenous Growth
Christos Koulovatianos, Zaruhi Hakobyan
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
CFS Presidential Activities
Otmar Issings Buch: Stabiles Geld – eine Illusion?
Alternative Währungssysteme – Hayeks Fundamentalkritik – Unabhängigkeit der Notenbanken
The MIT Press BOOK: "The Long Journey of Central Bank Communication"
By Otmar Issing
From Karl Brunner Distinguished Lecture Series
CFS Index
Current Value: 98,8
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.