Επιλογές αναζήτησης
Home Ενημέρωση Επεξηγήσεις Έρευνα & Εκδόσεις Στατιστικές Νομισματική πολιτική Το ευρώ Πληρωμές & Αγορές Θέσεις εργασίας
Προτάσεις
Εμφάνιση κατά
Δεν διατίθεται στα ελληνικά.

Michael Ehrmann

Research

Division

Monetary Policy Research

Current Position

Head of Division

Fields of interest

Macroeconomics and Monetary Economics,International Economics

Email

michael.ehrmann@ecb.europa.eu

Other current responsibilities
2019-

Research Fellow, Centre for Economic Policy Research

2016-

Editorial Board of the ECB’s Research Bulletin (European Central Bank)

2016-

Member of Wim Duisenberg Fellow Selection Committee (European Central Bank)

Education
1996-2000

PhD in Economics, European University Institute, Florence, Italy

Professional experience
2016-

Head of Division - Monetary Policy Research Division, Directorate General Research, European Central Bank

2015-2016

Chief of Economic and Financial Research - Bank of Canada

2013-2015

Research Director - Bank of Canada

2000-2013

Various positions - Directorate General Research and Directorate General Economics, European Central Bank

Teaching experience
2007-2012

Goethe University, Frankfurt, Germany

2006

Free University Berlin, Germany

19 May 2020
30 July 2019
15 April 2019
25 June 2018
Economic Bulletin Issue ,
18 October 2017
21 June 2017
19 April 2017
22 February 2017
20 January 2017
12 March 2014
29 January 2014
15 April 2013
5 March 2013
13 December 2012
13 February 2012
12 September 2011
20 April 2011
21 January 2010
23 September 2009
18 August 2009
9 January 2009
14 May 2008
12 March 2008
23 February 2008
23 October 2007
18 October 2007
13 June 2007
17 November 2006
29 September 2006
1 June 2006
28 April 2006
22 February 2006
16 January 2006
22 December 2005
25 November 2005
23 May 2005
30 March 2005
16 March 2005
7 September 2004
3 June 2004
6 May 2004
27 April 2004
1 July 2003
1 December 2002
1 December 2001
1 July 2001
1 April 2001
1 May 2000
2020
Journal of Money, Credit and Banking
Exploring Differences in Household Debt across Euro Area Countries and the United States
  • Christelis
  • D.
  • M. Ehrmann and D. Georgarakos
2020
Journal of Monetary Economics
Starting from a Blank Page? Semantic Similarity in Central Bank Communication and Market Volatility
  • Ehrmann
  • M. and J. Talmi
2020
Journal of Economic Policy Reform
The European Systemic Risk Board – Governance and Early Experience
  • Ehrmann
  • M. and P. Schure
2019
Journal of Monetary Economics
Can More Public Information Raise Uncertainty? The International Evidence on Forward Guidance
  • Ehrmann
  • M.
  • G. Gaballo
  • P. Hoffmann and G. Strasser
2017
European Economic Review
Macroeconomic Experiences and Risk-Taking of Euro Area Households
  • Ehrmann
  • M. and Ampudia
  • M.
2017
Journal of International Money and Finance
Euro Area Government Bonds—Fragmentation and Contagion During the Sovereign Debt Crisis
  • Ehrmann
  • M. and Fratzscher
  • M.
2017
Economic Policy
Necessity as the Mother of Invention: Monetary Policy after the Crisis
  • Blinder
  • A.
  • Ehrmann
  • M.
  • De Haan
  • J. and Jansen
  • D.J.
2017
Journal of Money, Credit and Banking
Household Risk Management and Actual Mortgage Choice in the Euro Area
  • Ehrmann
  • M. and Ziegelmeyer
  • M.
2017
Journal of Money, Credit and Banking
The Pitch Rather Than The Pit: Investor Inattention During FIFA World Cup Matches
  • Ehrmann
  • M. and Jansen
  • D.J.
2017
International Journal of Central Banking
Consumers’ Attitudes and their Inflation Expectations
  • Ehrmann
  • M.
  • Pfajfar
  • D. and Santoro
  • E.
2016
Review of Finance
It Hurts (Stock Prices) When Your Team is About to Lose a Soccer Match
  • Ehrmann
  • M. and Jansen
  • D.J.
2015
International Journal of Central Banking
Targeting Inflation from Below – How do Inflation Expectations Behave?
  • Ehrmann
  • M.
2014
Journal of Finance
The Global Crisis and Equity Market Contagion
  • Bekaert
  • G.
  • Ehrmann
  • M.
  • Fratzscher
  • M. and Mehl
  • A.
2014
Journal of Banking and Finance
The Pricing of G7 Sovereign Bond Spreads – The Times, They are A-Changin
  • D'Agostino
  • A. and Ehrmann
  • M.
2014
Journal of International Money and Finance
The Euro Exchange Rate during the European Sovereign Debt Crisis – Dancing to its own Tune?
  • Ehrmann
  • M.
  • Osbat
  • C.
  • Uusküla
  • L. and Strasky
  • J.
2014
Economic Journal
Central Bank Communication on Financial Stability
  • Born
  • B.
  • Ehrmann
  • M. and Fratzscher
  • M.
2013
Public Choice
Dispersed Communication by Central Bank Committees and the Predictability of Monetary Policy Decisions
  • Ehrmann
  • M. and Fratzscher
  • M.
2013
Scandinavian Journal of Economics
Explaining EU Citizens’ Trust in the ECB in Normal and Crisis Times
  • Ehrmann
  • M.
  • Soudan
  • M. and Stracca
  • L.
2012
International Journal of Central Banking
The News Content of Macroeconomic Announcements - What if Central Bank Communication Becomes Stale?
  • Ehrmann
  • M. and Sondermann
  • D.
2012
International Finance
Communicating About Macroprudential Supervision – a New Challenge for Central Banks
  • Born
  • B.
  • Ehrmann
  • M. and Fratzscher
  • M.
2012
Scandinavian Journal of Economics
The Role of Central Bank Transparency for Guiding Private Sector Forecasts
  • Ehrmann
  • M.
  • Eijffinger
  • S. and Fratzscher
  • M.
2012
European Journal of Political Economy
Memories of High Inflation
  • Ehrmann
  • M. and Tzamourani
  • T.
2011
Journal of Applied Econometrics
Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission
  • Ehrmann
  • M.
  • Fratzscher
  • M. and Rigobon
  • R.
2011
Review of Economics and Statistics
Politics and Monetary Policy
  • Ehrmann
  • M. and Fratzscher
  • M.
2011
Journal of Money, Credit and Banking
Monetary Policy in the Media
  • Berger
  • H.
  • Ehrmann
  • M. and Fratzscher
  • M.
2011
Journal of Macroeconomics
Geography, Skills or Both: What Explains Fed Watchers’ Forecast Accuracy of US Monetary Policy?
  • Berger
  • H.
  • Ehrmann
  • M. and Fratzscher
  • M.
2011
Review of Economics and Statistics
Convergence and Anchoring of Yield Curves in the Euro Area
  • Ehrmann
  • M.
  • Fratzscher
  • M.
  • Gürkaynak
  • R. and Swanson
  • E.
2011
German Economic Review
Inflation Developments and Perceptions After the Euro Cash Changeover
  • Ehrmann
  • M.
2009
European Economic Review
Forecasting ECB Monetary Policy: Accuracy Is a Matter of Geography
  • Berger
  • H.
  • Ehrmann
  • M. and Fratzscher
  • M.
2009
Oxford Bulletin of Economics and Statistics
Global Financial Transmission of Monetary Policy Shocks
  • Ehrmann
  • M. and Fratzscher
  • M.
2009
International Journal of Central Banking
Explaining Monetary Policy in Press Conferences
  • Ehrmann
  • M. and Fratzscher
  • M.
2009
Journal of Money, Credit and Banking
Purdah – On the Rationale for Central Bank Silence Around Policy Meetings
  • Ehrmann
  • M. and Fratzscher
  • M.
2008
Journal of Economic Literature
Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence
  • Blinder
  • A.
  • Ehrmann
  • M.
  • Fratzscher
  • M.
  • De Haan
  • J. and Jansen
  • D.J.
2007
Journal of Money, Credit and Banking
Communication and Decision-Making by Central Bank Committees: Different Strategies, Same Effectiveness?
  • Ehrmann
  • M. and Fratzscher
  • M.
2007
International Journal of Central Banking
Transparency, Disclosure and the Federal Reserve
  • Ehrmann
  • M. and Fratzscher
  • M.
2007
European Journal of Political Economy
The Timing of Central Bank Communication
  • Ehrmann
  • M. and Fratzscher
  • M.
2007
The B.E. Journal of Macroeconomics (Topics)
Euro Area Inflation Differentials
  • Angeloni
  • I. and Ehrmann
  • M.
2006
Journal of International Money and Finance
The Exchange Rate – A Shock Absorber or Source of Shocks? A Study of 4 Open Economies
  • Artis
  • M. and Ehrmann
  • M.
2006
Journal of the European Economic Association
New Evidence on Inflation Persistence and Price Stickiness in the Euro Area: Implications for Macro Modelling
  • Angeloni
  • I.
  • Aucremanne
  • L.
  • Ehrmann
  • M.
  • Galí
  • J.
  • Levin
  • A. and Smets
  • F.
2005
Economic Journal
Equal Size, Equal Role? Interest Rate Interdependence Between the Euro Area and the US
  • Ehrmann
  • M. and Fratzscher
  • M.
2005
Journal of International Money and Finance
Exchange Rates and Fundamentals: New Evidence from Real-Time Data
  • Ehrmann
  • M. and Fratzscher
  • M.
2004
Journal of the European Economic Association
Bank Networks and Monetary Policy Transmission
  • Ehrmann
  • M. and Worms
  • A.
2004
Journal of Money, Credit and Banking
Taking Stock: Monetary Policy Transmission to Equity Markets
  • Ehrmann
  • M. and Fratzscher
  • M.
2003
Economic Policy
Monetary Transmission in the Euro Area: Early Evidence
  • Angeloni
  • I. and Ehrmann
  • M.
2003
Journal of the European Economic Association
Monetary Policy Transmission in the Euro Area – Evidence from Micro Data on Banks and Firms
  • Chatelain
  • J.-B.
  • Ehrmann
  • M.
  • Generale
  • A.
  • Martinez-Pages
  • J.
  • Vermeulen
  • P. and Worms
  • A.
2003
International Finance
Monetary Policy Announcements and Money Markets: A Transatlantic Perspective
  • Ehrmann
  • M. and Fratzscher
  • M.
2003
Oxford Review of Economic Policy
The Effects of Monetary Policy in the Euro Area
  • Ehrmann
  • M.
  • Gambacorta
  • L.
  • Martinez-Pages
  • J.
  • Sevestre
  • P. and Worms
  • A.
2003
Journal of Economic Dynamics and Control
Uncertain Potential Output: Implications for Monetary Policy
  • Ehrmann
  • M. and Smets
  • F.
2003
Economics Letters
Regime-Dependent Impulse Response Functions in a Markov-Switching Vector Autoregression Model
  • Ehrmann
  • M.
  • Ellison
  • M. and Valla
  • N.
2000
Weltwirtschaftliches Archiv
Comparing Monetary Policy Transmission Across European Countries
  • Ehrmann
  • M.
2018
S. Eijffinger and D. Masciandaro (eds.), Hawks and Doves: Deeds and Words. Economics and Politics of Monetary Policymaking
More, and more forward-looking: Central bank communication after the crisis
  • Coenen
  • G.
  • Ehrmann
  • M.
  • Gaballo
  • G.
  • Hoffmann
  • P.
  • Nakov
  • A.
  • Nardelli
  • S.
  • Persson
  • E. and Strasser
  • G.
2018
S. Eijffinger and D. Masciandaro (eds.), Hawks and Doves: Deeds and Words. Economics and Politics of Monetary Policymaking
Central bank policies after the crisis
  • Blinder
  • A.
  • Ehrmann
  • M.
  • De Haan
  • J. and Jansen
  • J.
2013
J.-E- Sturm and P. Siklos (eds.), Central Bank Communication, Decision Making and Governance
Extreme Views Make News
  • Berger
  • H.
  • Ehrmann
  • M. and Fratzscher
  • M.
2011
S. Eijffinger and D. Masciandaro (eds.), Handbook of Central Banking, Financial Regulation and Supervision After the Financial Crisis
How Should Central Banks Deal with a Financial Stability Objective? The Evolving Role of Communication as a Policy Instrument
  • Born
  • B.
  • Ehrmann
  • M. and Fratzscher
  • M.
2009
D. Mayes and G. Wood (eds.), Designing Central Banks
Designing a Central Bank Communication Strategy
  • Ehrmann
  • M. and Fratzscher
  • M.
2006
H. Berger and T. Moutos (eds.), Designing the New European Union
Reasons and Implications of Inflation Differentials in the European Monetary Union
  • Angeloni
  • I. and Ehrmann
  • M.
2006
L. Klein (ed.), Long-Run Growth and Short-Run Stabilization; Essays in Honor of Albert Ando
Monetary Policy Transmission in the Euro Area: Any Changes After EMU?
  • Angeloni
  • I. and Ehrmann
  • M.
2004
Sturm, J.-E. and T. Wollmershäuser (eds.), Ifo Survey Data in Business Cycle and Monetary Policy Analysis
Firm Size and Monetary Policy Transmission: Evidence from German Business Survey Data
  • Ehrmann
  • M.
2003
Angeloni, I., Kashyap, A. and B. Mojon (eds.), Monetary Policy Transmission in the Euro Area
Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
  • Ehrmann
  • M.
  • Gambacorta
  • L.
  • Martinez-Pages
  • J.
  • Sevestre
  • P. and Worms
  • A.
2002
N. Loayza and K. Schmidt-Hebbel (eds.), Monetary Policy: Rules and Transmission Mechanisms
Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes
  • Cecchetti
  • S.G. and Ehrmann
  • M.