Setzer, Ralph

Economics

Division

Supply Side, Labour and Surveillance

Current position

Lead Economist

Fields of interest

International Economics,
Macroeconomics and Monetary Economics,
Economic Growth

Email

Ralph.Setzer@ecb.int

Education
  • 2001-2005
    PhD in International Economics, University of Hohenheim (Germany)
  • 1996-2001
    Master in Economics, Universities of Tübingen (Germany), Valdivia (Chile) and Hohenheim (Germany)
Professional experience
  • 2020
    Lead Economist - Supply Side, Labour and Surveillance Division, Directorate General Economics, European Central Bank
  • 2019
    Principal Economist - Supply Side, Labour and Surveillance Division, Directorate General Economics, European Central Bank
  • 2017-2019
    Senior Economist - Supply Side, Labour and Surveillance Division, Directorate General Economics, European Central Bank
  • 2012-2017
    Senior Economist - Country Surveillance Division, Directorate General Economics, European Central Bank
  • 2010-2012
    Economist - EU Programme Country Design Division, Directorate General Economic and Financial Affairs, European Commission
  • 2008-2010
    Economist - Monetary Policy Division, Directorate General Economic and Financial Affairs, European Commission
  • 2005-2008
    Economist - Monetary Policy Division, Directorate Economics, Deutsche Bundesbank
  • 2001-2005
    Research and Teaching Assistant - Chair for International Economics, Directorate Economics, University of Hohenheim
Teaching experience
  • 2012
    International Trade Theory and Policy, Directorate Economics, University of Hohenheim
  • 2005
    Seminar on Monetary Economics, Banco Central de Uruguay
  • 2005
    International Economics, University of Cluj, Romania
  • 2001-2005
    International Economics, Chair for International Economics, Directorate Economics, University of Hohenheim
Awards
  • 2005
    Südwestbank-Price (excellency of PhD thesis)

ECB Working Paper Series

2019
Setzer, Ralph, Stieglitz, Moritz
Firm-level employment, labour market reforms, and bank distress
No 2334
2017
Storz, Manuela, Koetter, Michael, Setzer, Ralph, Westphal, Andreas
Do we want these two to tango? On zombie firms and stressed banks in Europe
No 2104
Gebauer, Stefan , Setzer, Ralph, Westphal, Andreas
Corporate debt and investment: a firm level analysis for stressed euro area countries
No 2101
Pierluigi, Beatrice, Brůha, Jan, Setzer, Ralph, Karber, Moritz
Understanding sovereign rating movements in euro area countries
No 2011
2016
Belke, Ansgar, Setzer, Ralph, Haskamp, Ulrich
Bank efficiency and regional growth in Europe: new evidence from micro-data
No 1983
2014
Belke, Ansgar, Oeking, Anne, Setzer, Ralph
Exports and capacity constraints - a smooth transition regression model for six euro area countries
No 1740

ECB Occasional Paper Series

2018
Masuch, Klaus, Anderton, Robert, Setzer, Ralph, Benalal, Nicholai
Structural policies in the euro area
No 210
2017
Warmedinger, Thomas, Checherita-Westphal, Cristina, Drudi, Francesco, Setzer, Ralph, De Stefani, Roberta, Bouabdallah, Othman, Westphal, Andreas
Debt sustainability analysis for euro area sovereigns: a methodological framework
No 185

Journal publications

2018
Gebauer, S., Setzer, R., Westphal, A.
Corporate debt and investment: A firm level analysis for stressed euro area countries
Journal of International Money and Finance, Vol. 86, pp 12-130
2016
Belke, A., Haskamp, U., Setzer, R.
Regional bank efficiency and its effect on regional growth in normal and bad times
Economic Modelling, Vol. 58, pp. 413-426
2015
Belke, A., Oeking, A., Setzer, R.
Domestic demand, capacity constraints and exporting dynamics: Empirical evidence for vulnerable euro area countries
Economic Modelling, Vol. 48(C), pp. 315-325
2011
Setzer, R., van den Noord, P., Wolff, G.
Heterogeneity in money holdings across euro area countries: The role of housing
European Journal of Political Economy, Vol. 27, No 4, pp. 764-780
2010
Belke, A., Orth, W., Setzer, R.
Liquidity and the dynamic pattern of asset price adjustment: A global view
Journal of Banking & Finance, Vol. 34, No 8, pp. 1933-1945
2009
Setzer, R., Wolff, G.
Money demand in the euro area: new insights from disaggregated data
International Economics and Economic Policy, Vol. 10, No 2, pp. 297-315
2008
Belke, A., Orth, W., Setzer, R.
Global excess liquidity does it matter for house and stock prices on a global scale?
Journal of Financial Transformation, Vol. 24, pp. 145-154
Belke, A., Orth, W., Setzer, R.
Sowing the seeds for the subprime crisis: does global liquidity matter for housing and other asset prices?
International Economics and Economic Policy, Vol. 5, No. 4, pp. 403-424
2007
Belke, A., Baumgärtner, F., Schneider, F., Setzer, R.
The different extent of privatization proceeds in OECD countries: A preliminary explanation using a public-choice approach
FinanzArchiv: Public Finance Analysis, Vol. 63, No 2, pp. 211-243
2005
Belke, A., Setzer, R.
Incertitude sur le taux de change et chômage dans les pays candidats: un argument pour l`euroïsation?
Économie & Prévision, Vol. 163, pp. 63-74
Belke, A., Setzer, R.
It's the second statistical moment: A survey on exchange rates and labor market performance in Eastern Europe
Ekonomia, Vol. 8, No 1
2004
Belke, A., Setzer, R.
Contagion, herding and exchange-rate instability — A survey
Intereconomics: Review of European Economic Policy, Vol. 39, No 4, pp 222-228
Belke, A., Setzer, R.
On the benefits of a stable exchange rate for the EU accession countries
Journal for Institutional Innovation, Development, and Transition, Vol. 7, No 1
2003
Setzer, R.
Chancen und Risiken einer Dollarisierung in Argentinien
Zeitschrift für Wirtschaftspolitik, Vol. 52, No 1
Belke, A., Kaas, L., Setzer, R.
Costs of exchange rate volatility for labor markets: Empirical evidence from the CEE economies
Economic and Social Review, Vol. 24, No 2, pp. 267-292
Belke, A., Setzer, R.
Exchange rate variability and labor market performance in the Visegrád countries
Economic Change and Restructuring, Vol. 36, No 2, pp. 153-175
Belke, A., Hebler, M., Setzer, R.
Euroisierung der mittel- und osteuropäischen Beitrittskandidaten - ein alternativer Weg in die Währungsunion?
Perspektiven der Wirtschaftspolitik, Vol. 4, No 4, pp. 425-436

Other publications

2011
various
The macroeconomic adjustment programmes to Greece, Ireland and Portugal
ECFIN Occasional Paper Series, European Commission
2010
Jevcak., A., Setzer, R., Suardi, M.
Determinants of capital flows to the New EU Member States before and during the financial crisis
European Economy - Economic Papers, No. 425
2009
Barrios, S., Iversen, P., Lewandowska, M., Setzer, R.
Determinants of intra-euro area government bond spreads during the financial crisis
European Economy - Economic Papers, No. 388
Setzer, R., Wolff, G.
Money demand in the euro area: new insights from disaggregated data
European Economy - Economic Papers, No. 373
2003
Belke, A., Kaas, L., Setzer, R.
Exchange Rate Volatility and Labour Markets in the CEE Countries
CEPR Discussion paper, No. 4802