Krustev, Georgi



Business Cycle Analysis

Current position

Senior Economist

Fields of interest

Macroeconomics and Monetary Economics,
Financial Economics


  • 2010-2017
    Doctorate in Economics, Goethe University Frankfurt, Germany
  • 2005-2006
    MEconSc in European Economic and Public Affairs, University College Dublin, Ireland
  • 1997-2002
    Laurea in Economics and Banking, University of Siena, Italy
Professional experience
  • 2008-
    DG Economics and DG International, European Central Bank
  • 2015
    Visiting Economist, DG Research, European Central Bank
  • 2015
    Visiting Economist, International Department, Bank of Canada
  • 2003-2008
    Treasury Department, Bulgarian National Bank

Journal publications

Krustev, G.
The natural rate of interest and the financial cycle
Journal of Economic Behavior and Organization, 162(C), 193-210
Albuquerque, B. and Krustev, G.
Debt Overhang and Deleveraging in the US Household Sector: Gauging the Impact on Consumption
Review of Income and Wealth, 64(2), 459-481
Albuquerque, B., Baumann, U. and Krustev, G.
US Household Deleveraging Following the Great Recession – A Model-Based Estimate of Equilibrium Debt
The B E Journal of Macroeconomics, 15(1), 255-307

Other publications

Albuquerque, B., Baumann, U. and Krustev, G.
Has US household deleveraging ended? A model-based estimate of equilibrium debt
VoxEU article