Fahr, Stephan

Macro Prud Policy&Financial Stability


Macroprudential Policy

Current position

Principal Financial Stability Expert


Other current responsibilities
  • Economist, Monetary Policy Strategy Division
  • Ph.D. European University Institute, Florence
  • Diplom Goethe University, Frankfurt
Professional experience
  • 2009 - now, Monetary Policy Strategy Division, European Central Bank
  • 2008-2009: Euro Area Macro Developments, European Central Bank
  • 2007-2008: Monetary Policy Research Division, European Central Bank
  • 2006-2007: Post-Doc at Institut d'Analisi Economico, Barcelona

Journal publications

Stephan Fahr and Frank Smets
Downward Wage Rigidities and Optimal Monetary Policy in a Monetary Union
Scandinavian Journal of Economics 112(4)
Stephan Fahr, Roberto Motto, Massimo Rostagno, Frank Smets and Oreste Tristani
Lessons for monetary policy strategies from the recent past
Approaches to monetary policy revisited – lessons from the crisis