Beyer, Andreas



Financial Research

Current position

Senior Team Lead - Economist

Fields of interest

Financial Economics,
Macroeconomics and Monetary Economics,
Other Special Topics


Other current responsibilities
  • 2016-
    Co-Leader TT7 Financial institutions, micro-prudential regulation, financial markets, and payments
  • 2015-2016
    Crescendo DGR-Secretary: Workstream 6 "Join forces to best perform monetary, macro- and microprudential responsibilities"
  • 2012-2014
    SSM Task Force on Supervision - Secretary Workstream 4 "SSM Data and Reporting Requirements" 2012 - 2014
  • 2009-2012
    Team Leader Thematic Team "Monetary Analysis" (TT8) 2009 - 2012
  • 1994-1998
    PhD Economics University of Southampton (UK); Diplom Volkswirt Goethe University Frankfurt
  • 1988-1993
    Diplom Volkswirt Goethe University Frankfurt
Professional experience
  • 2019-
    Senior Team Lead - Economist since 2019
  • 2009-2019
    Principal Economist, ECB, January 2009 - 2019
  • 2013-2014
    Principal Supervisor 2013 - 2014
  • 2012-2013
    Principal Financial Stability Expert 2012-2013
  • 2003-2008
    Senior Economist, ECB, January 2003 - 2008
  • 2000-2002
    Economist ECB, December 2000 - 2002
  • 1999-2000
    Visiting Professor and Jean Monnet Fellow, European University Institute (Florence, Italy), 1999 - 2000.
  • 1998-1999
    Research Fellow, Banco de España, 1998 - 1999
  • 1997-1998
    Research Fellow, University of Copenhagen, 1997 - 1998
Teaching experience
  • 2001-2005
    Goethe University (Undergraduate and Graduate Program)
  • 1999-2000
    European University Institute (Graduate Program)
  • 1994-1998
    University of Southampton
  • 2005
    ECB: Award to acknowledge continuous outstanding performance over an extended period
  • 1994
    Marie-Curie scholarship, EU
  • 1991
    ERASMUS scholarship, EU

ECB Working Paper Series


ECB Occasional Paper Series

ECB Other publications

ECB Financial Stability Review Article

Journal publications

Andreas Beyer, Benoît Coeuré and Caterina Mendicino
The Crisis, Ten Years After: Lessons Learnt for Monetary and Financial Research
Economics and Statistics 2017, Vol. 494-496, 45-68
Andreas Beyer, Adrian Alter
The dynamics of spillover effects during the European sovereign debt turmoil
Jounal of Banking and Finance, 2014, 42(C), 134-153
Andreas Beyer, Vítor Gaspar, Christina Gerberding and Otmar Issing
Opting Out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods
"The Great Inflation", M. Bordo and A. Orphanides (eds.), NBER Volume, Chicago Press
Andreas Beyer, Alfred Haug and William Dewald
Structural Breaks, Cointegration and the Fisher Effect
The B.E. Journal of Macroeconomics, 11(1)
Andreas Beyer and Katarina Juselius
Does it matter how to measure aggregates? The case of monetary transmission mechanisms in the Euro area
The Methodology and Practice of Econometrics - a Festschrift in Honour of David Hendry, Oxford University Press
Andreas Beyer, Roger Farmer, Jérôme Henry, and Massimiliano Marcellino
Factor Analysis in a Model with Rational Expectations
Econometrics Journal, 11(2), 271-286
Andreas Beyer and Roger Farmer
What We Don’t Know About the Monetary Transmission Mechanism and Why We Don’t Know It
Macroeconomic Dynamics, 12(1) 60-74
Andreas Beyer and Roger Farmer
Testing for Indeterminacy: an Application to U.S. Monetary Policy - Comment
American Economic Review, , 97 (1), 524-529
Andreas Beyer and Roger Farmer
Natural Rate Doubts
Journal of Economic Dynamics and Control, 31(3), 797-825
Andreas Beyer and Mike Artis
Issues on Money Demand: The Case of Europe
Journal of Common Market Studies Vol.42, 717-736
Andreas Beyer
Encompassing the VAR: A Formalisation of Seasonal Encompassing with an Application to a German Macromodel
Journal of Business and Economic Statistics, Vol.19, No.3, 315-323
Andreas Beyer, Jurgen Doornik and David Hendry
Constructing Historical Euro-Zone Data
Economic Journal, 111(469), 102-121
Andreas Beyer, Jurgen Doornik and David Hendry
Re-constructing Aggregate Euro-Zone Data
Journal of Common Market Studies, Vol. 38, 47-68
Andreas Beyer
Modelling Money Demand in Germany
Journal of Applied Econometrics, Vol. 13 (1), 57-76

Other publications

Andreas Beyer and Lucrezia Reichlin (eds.)
The Role of Money – Money and Monetary Policy in the twenty-first Century
Andreas Beyer
A model of money and wealth for the euro area
Enhancing Monetary Analysis
A. Beyer, B. Fischer and J. von Landesberger
Money demand stability and the role of money in monetary policy-making
Enhancing Monetary Analysis
Andreas Beyer
Deterministic Variables in Cointegrated Processes: The Case of German Unification
20. Symposium I Anvendt Statistik
Andreas Beyer
The Endogeneity of Money
Foundations of European Central Bank Policy
Miguel Ampudia, Thorsten Beck, Andreas Beyer, Jean-Edouard Colliard, Agnese Leonello, Angela Maddaloni, David Marques-Ibanez
The new supervisory architecture in Europe