Details about Maria Demertzis

Homepage:	http://mariademertzis.wixsite.com/site
Workplace:	The Conference Board, (more information at EDIRC)

Access statistics for papers by Maria Demertzis.

Last updated 2025-03-17. Update your information in the RePEc Author Service.

Short-id: pde274

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Working Papers

2024

1. Overcome divisions and confront threats- Memo to the Presidents of the European Commission, Council and Parliament
   Bruegel Policy Brief, Bruegel
2. The state of financial knowledge in the European Union
   Bruegel Policy Brief, Bruegel View citations (1)

2023

3. Decentralised finance- good technology, bad finance
   Bruegel Policy Brief, Bruegel View citations (1)
4. The value added of central bank digital currencies- a view from the euro area
   Bruegel Policy Brief, Bruegel View citations (1)

2022

5. An analysis of central bank decision-making
   Bruegel Policy Brief, Bruegel
6. How have sanctions impacted Russia?
   Bruegel Policy Brief, Bruegel View citations (6)

2021

7. COVID-19 financial aid and productivity- has support been well spent?
   Bruegel Policy Contributions, Bruegel View citations (6)
8. Europe should not neglect its capital markets union
   Bruegel Policy Contributions, Bruegel View citations (1)
9. Low interest rates in Europe and the US- one trend, two stories
   Bruegel Policy Contributions, Bruegel View citations (2)
10. The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
    See also Journal Article The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU, Intereconomics: Review of European Economic Policy, Springer (2021) View citations (3) (2021)
11. The great COVID-19 divergence- managing a sustainable and equitable recovery in the European Union
    Bruegel Policy Brief, Bruegel
    Also in Bruegel Policy Contributions, Bruegel (2021) View citations (5)
12. The productivity paradox- policy lessons from MICROPROD
    Bruegel Policy Contributions, Bruegel View citations (1)

2020

13. An effective economic response to the Coronavirus in Europe
    Bruegel Policy Contributions, Bruegel View citations (8)
14. Hybrid and Cyber Security Threats and the EU’s Financial System
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
    See also Journal Article Hybrid and Cyber Security Threats and the EU’s Financial System, Journal of Financial Regulation, Oxford University Press
15. The financial fragility of European households in the time of COVID-19
    Bruegel Policy Contributions, Bruegel View citations (8)
16. What are the prerequisites for a euro area fiscal capacity?
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (1)
    Also in Bruegel Policy Contributions, Bruegel (2016) View citations (8)
    See also Journal Article What are the prerequisites for a euro area fiscal capacity?, Journal of Economic Policy Reform, Taylor & Francis Journals (2020) View citations (1) (2020)

2019

17. A strategic agenda for the new EU leadership
    Bruegel Policy Brief, Bruegel
18. Braver, Greener, Fairer: Memos to the EU leadership 2019-2024
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
    See also Book Braver, greener, fairer- Memos to the EU leadership 2019-2024, Bruegel Book, Bruegel (2019) View citations (4) (2019)
19. Hybrid and cybersecurity threats and the European Union’s financial system
    Bruegel Policy Contributions, Bruegel View citations (3)
20. Preparing for uncertainty
    Bruegel Policy Brief, Bruegel View citations (1)
21. Promoting sustainable and inclusive growth and convergence in the European Union
    Bruegel Policy Contributions, Bruegel View citations (4)
22. The next generation of digital currencies- in search of stability
    Bruegel Policy Contributions, Bruegel

2018

23. A monetary policy framework for the European Central Bank to deal with uncertainty
    Bruegel Policy Contributions, Bruegel View citations (2)
24. Capital Markets Union and the Fintech Opportunity
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (8)
    Also in Bruegel Policy Contributions, Bruegel (2017) View citations (4)
    See also Journal Article Capital Markets Union and the Fintech Opportunity, Journal of Financial Regulation, Oxford University Press (2018) View citations (57) (2018)
25. Cryptocurrencies and monetary policy
    Bruegel Policy Contributions, Bruegel View citations (12)
26. Europe in a New World Order
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles
    Also in Bruegel Policy Brief, Bruegel (2017) View citations (2)
    See also Journal Article Europe in a New World Order, Wirtschaftsdienst, Springer (2018) View citations (1) (2018)
27. Financial literacy and inclusive growth in the European Union
    Bruegel Policy Contributions, Bruegel View citations (6)
28. One size does not fit all- European integration by differentiation
    Bruegel Policy Brief, Bruegel View citations (6)
29. State contingent debt as insurance for euro-area sovereigns
    Bruegel Working Papers, Bruegel View citations (2)
    See also Journal Article State Contingent Debt as Insurance for Euro Area Sovereigns, Journal of Financial Regulation, Oxford University Press (2019) View citations (2) (2019)
30. The economic potential and risks of crypto assets- is a regulatory framework needed?
    Bruegel Policy Contributions, Bruegel View citations (12)
31. Will macroprudential policy counteract monetary policy’s effects on financial stability?
    Bruegel Working Papers, Bruegel View citations (2)
    Also in IMF Working Papers, International Monetary Fund (2015) View citations (12)
    See also Journal Article Will macroprudential policy counteract monetary policy’s effects on financial stability?, The North American Journal of Economics and Finance, Elsevier (2019) View citations (13) (2019)

2017

32. Europe’s role in North Africa- development, investment and migration
    Bruegel Policy Contributions, Bruegel View citations (4)
33. Fundamental uncertainty and unconventional monetary policy- an info-gap approach
    Bruegel Working Papers, Bruegel View citations (1)
34. How should the European Central Bank ‘normalise’ its monetary policy?
    Bruegel Policy Contributions, Bruegel View citations (4)
35. Tackling Europe’s crisis legacy- a comprehensive strategy for bad loans and debt restructuring
    Bruegel Policy Contributions, Bruegel View citations (3)

2016

36. Macroeconomic Relevance of Insolvency Frameworks in a High-debt Context: An EU Perspective
    European Economy - Discussion Papers, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission View citations (9)
37. The effectiveness of the European Central Bank’s Asset Purchase Programme
    Bruegel Policy Contributions, Bruegel View citations (12)
38. What impact does the ECB’s quantitative easing policy have on bank profitability?
    Bruegel Policy Contributions, Bruegel View citations (6)

2015

39. Decision making in times of Knightian uncertainty: An info-gap perspective
    Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel)
    See also Journal Article Decision making in times of Knightian uncertainty: An info-gap perspective, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2016) View citations (8) (2016)

2014

40. Identifying Booms and Busts in House Prices under Heterogeneous Expectations
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (32)
    Also in European Economy - Economic Papers 2008 - 2015, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission (2014) View citations (30)
    Tinbergen Institute Discussion Papers, Tinbergen Institute (2014) View citations (31)
    See also Journal Article Identifying booms and busts in house prices under heterogeneous expectations, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (13) (2019)

2013

41. Leaning Against the Wind and the Timing of Monetary Policy
    IMF Working Papers, International Monetary Fund View citations (14)
    See also Journal Article “Leaning against the wind” and the timing of monetary policy, Journal of International Money and Finance, Elsevier (2013) View citations (13) (2013)

2012

42. Excessive bank risk taking and monetary policy
    Working Paper Series, European Central Bank View citations (39)

2011

43. Complex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (3)

2010

44. Central Bank Transparency in Theory and Practice
    EcoMod2003, EcoMod View citations (9)
    Also in Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group (2004)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2002) View citations (14)
    Royal Economic Society Annual Conference 2003, Royal Economic Society (2003) View citations (8)
    See also Journal Article Central Bank transparency in theory and practice, Journal of Macroeconomics, Elsevier (2007) View citations (127) (2007)
45. Monetary Policy and Excessive Bank Risk Taking
    Discussion Paper, Tilburg University, Center for Economic Research View citations (18)
    Also in Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (17)
    Other publications TiSEM, Tilburg University, School of Economics and Management (2010) View citations (17)

2008

46. A Measure for Credibility: Tracking US Monetary Developments
    Economics Working Papers, European University Institute View citations (27)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (28)

2006

47. Aiming for the Bull's Eye: Uncertainty and Inertia in Monetary Policy
    Computing in Economics and Finance 2006, Society for Computational Economics View citations (2)
48. EUROMON: The multi-country model of De Nederlandsche Bank
    MPRA Paper, University Library of Munich, Germany View citations (4)

2005

49. Forming Rational Expectations and When it is Right to be 'Wrong'
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
50. Inflation Targets as Focal Points
    Money Macro and Finance (MMF) Research Group Conference 2005, Money Macro and Finance Research Group View citations (4)
    See also Journal Article Inflation Targets as Focal Points, International Journal of Central Banking, International Journal of Central Banking (2008) View citations (37) (2008)

2004

51. Rational Ambiguity and Monitoring the Central Bank
    Vanderbilt University Department of Economics Working Papers, Vanderbilt University Department of Economics View citations (2)

2003

52. Three Models of Imperfect Transparency in Monetary Policy
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)

2002

53. EUROMON: De Nederlandsche Bank's multi-country model
    MPRA Paper, University Library of Munich, Germany View citations (2)

1999

54. An Independent Central Bank Faced With Elected Governments
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (25)
    See also Journal Article An independent central bank faced with elected governments, European Journal of Political Economy, Elsevier (2004) View citations (59) (2004)
55. EMU and the External Value of the Euro
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)

1998

56. Independently Blue? Accountability and Independence in the New European Central Bank
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (13)

1997

57. Is A 2-Speed System in Uerope the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?
    Working Papers, American Institute for Contemporary German Studies- View citations (2)

1996

58. Is a Two-speed System in Europe the Answer to the Conflict between the German and the Anglo-Saxon Models of Monetary Control?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

1995

59. On Measuring the Costs of Labour Immobility and Market Heterogeneity in Europe
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)

Undated

60. When can an Independent Central Bank offer lower Inflation at no Cost? A Political Economy Analysis
    EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics View citations (1)

Journal Articles

2024

1. Miller, Chris. Chip War: The Fight for the World’s Most Critical Technology
   Journal of Economic Literature, 2024, 62, (1), 329-30
2. Trade at the Heart of the EU’s Economic Security
   Intereconomics: Review of European Economic Policy, 2024, 59, (6), 313-318

2023

3. Progress with the Digital Euro
   Intereconomics: Review of European Economic Policy, 2023, 58, (4), 195-200
4. The Geopolitics of Central Bank Digital Currencies
   Intereconomics: Review of European Economic Policy, 2023, 58, (4), 173-177 View citations (1)

2022

5. EU Enlargement: Expanding the Union and Its Potential
   Intereconomics: Review of European Economic Policy, 2022, 57, (4), 205-208 View citations (1)

2021

6. Monetary policy in the time of Covid-19, or how uncertainty is here to stay
   Politica economica, 2021, (3), 313-338
7. The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU
   Intereconomics: Review of European Economic Policy, 2021, 56, (4), 211-219 View citations (3)
   See also Working Paper The Great COVID-19 Divergence: Managing a Sustainable and Equitable Recovery in the EU, ULB Institutional Repository (2021) (2021)

2020

8. What are the prerequisites for a euro area fiscal capacity?
   Journal of Economic Policy Reform, 2020, 23, (3), 342-358 View citations (1)
   See also Working Paper What are the prerequisites for a euro area fiscal capacity?, ULB Institutional Repository (2020) View citations (1) (2020)

2019

9. Identifying booms and busts in house prices under heterogeneous expectations
   Journal of Economic Dynamics and Control, 2019, 103, (C), 234-259 View citations (13)
   See also Working Paper Identifying Booms and Busts in House Prices under Heterogeneous Expectations, CeNDEF Working Papers (2014) View citations (32) (2014)
10. State Contingent Debt as Insurance for Euro Area Sovereigns
    Journal of Financial Regulation, 2019, 5, (1), 64-90 View citations (2)
    See also Working Paper State contingent debt as insurance for euro-area sovereigns, Bruegel Working Papers (2018) View citations (2) (2018)
11. Will macroprudential policy counteract monetary policy’s effects on financial stability?
    The North American Journal of Economics and Finance, 2019, 48, (C), 65-75 View citations (13)
    See also Working Paper Will macroprudential policy counteract monetary policy’s effects on financial stability?, Bruegel Working Papers (2018) View citations (2) (2018)

2018

12. Capital Markets Union and the Fintech Opportunity
    Journal of Financial Regulation, 2018, 4, (1), 157-165 View citations (57)
    See also Working Paper Capital Markets Union and the Fintech Opportunity, ULB Institutional Repository (2018) View citations (8) (2018)
13. Europe in a New World Order
    Wirtschaftsdienst, 2018, 98, (1), 24-30 View citations (1)
    See also Working Paper Europe in a New World Order, ULB Institutional Repository (2018) (2018)
14. Evaluating monetary policy rules under fundamental uncertainty: An info-gap approach
    Economic Modelling, 2018, 73, (C), 55-70 View citations (6)
15. The EU Response to US Trade Tariffs
    Intereconomics: Review of European Economic Policy, 2018, 53, (5), 260-268 View citations (2)

2016

16. Decision making in times of Knightian uncertainty: An info-gap perspective
    Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2016, 10, 1-30 View citations (8)
    See also Working Paper Decision making in times of Knightian uncertainty: An info-gap perspective, Economics Discussion Papers (2015) (2015)

2015

17. Three different approaches to transparency in monetary policy
    Economia Politica: Journal of Analytical and Institutional Economics, 2015, 32, (3), 277-300 View citations (6)

2014

18. External rebalancing in the euro area: progress made and what remains to be
    Quarterly Report on the Euro Area (QREA), 2014, 13, (4), 30-34 View citations (1)

2013

19. The role of FDI in preventing imbalances in the euro area
    Quarterly Report on the Euro Area (QREA), 2013, 12, (2), 17-25 View citations (2)
20. “Leaning against the wind” and the timing of monetary policy
    Journal of International Money and Finance, 2013, 35, (C), 179-194 View citations (13)
    See also Working Paper Leaning Against the Wind and the Timing of Monetary Policy, IMF Working Papers (2013) View citations (14) (2013)

2012

21. A Credibility Proxy: Tracking US Monetary Developments
    The B.E. Journal of Macroeconomics, 2012, 12, (1), 36 View citations (34)
22. Assessing the dynamics of house prices in the euro area
    Quarterly Report on the Euro Area (QREA), 2012, 11, (4), 7-18

2011

23. How anchored are inflation expectations in EMU countries?
    Economic Modelling, 2011, 28, (1-2), 281-298 View citations (24)
    Also in Economic Modelling, 2011, 28, (1), 281-298 (2011) View citations (23)
24. Ir en contra de los fundamentos y el momento oportuno de la política monetaria
    Monetaria, 2011, XXXIV, (3), 413-428

2009

25. Europeanization or globalization? Transnational wage bargaining and the distribution of activity in European labor markets
    The North American Journal of Economics and Finance, 2009, 20, (2), 177-192 View citations (1)
26. Inflation Targeting: A Framework for Communication
    The B.E. Journal of Macroeconomics, 2009, 9, (1), 32 View citations (27)

2008

27. Asymmetric information and rational expectations: When is it right to be "wrong"?
    Journal of International Money and Finance, 2008, 27, (8), 1407-1419 View citations (3)
28. Inflation Targets as Focal Points
    International Journal of Central Banking, 2008, 4, (1), 55-87 View citations (37)
    See also Working Paper Inflation Targets as Focal Points, Money Macro and Finance (MMF) Research Group Conference 2005 (2005) View citations (4) (2005)

2007

29. Book Review
    De Economist, 2007, 155, (1), 129-131
30. Central Bank transparency in theory and practice
    Journal of Macroeconomics, 2007, 29, (4), 760-789 View citations (127)
    See also Working Paper Central Bank Transparency in Theory and Practice, EcoMod2003 (2010) View citations (9) (2010)
31. DEALING WITH UNCERTAINTY: ROBUST RULES IN MONETARY POLICY
    Scottish Journal of Political Economy, 2007, 54, (2), 295-307
32. The Costs of Increasing Transparency
    Open Economies Review, 2007, 18, (3), 263-280 View citations (19)
33. The impact of central bank transparency on inflation expectations
    European Journal of Political Economy, 2007, 23, (1), 51-66 View citations (70)

2006

34. The Role of Expectations in Monetary Policy
    International Finance, 2006, 9, (3), 393-412 View citations (2)

2004

35. An independent central bank faced with elected governments
    European Journal of Political Economy, 2004, 20, (4), 907-922 View citations (59)
    See also Working Paper An Independent Central Bank Faced With Elected Governments, CEPR Discussion Papers (1999) View citations (25) (1999)
36. Central Bank independence: Low inflation at no cost? A numerical simulations exercise
    Journal of Macroeconomics, 2004, 26, (4), 661-677 View citations (9)

2000

37. Is the European union a natural currency area, or is it held together by policy makers?
    Review of World Economics (Weltwirtschaftliches Archiv), 2000, 136, (4), 657-679 View citations (25)
38. The Single Currency and Labour Market Flexibility: a Necessary Partnership?
    Scottish Journal of Political Economy, 2000, 47, (2), 141-155 View citations (5)

1999

39. Can the ECB be Truly Independent? Should It Be?
    Empirica, 1999, 26, (3), 217-240 View citations (6)

1998

40. Asymmetric transmission mechanisms and the rise in European unemployment: A case of structural differences or of policy failures?
    Journal of Economic Dynamics and Control, 1998, 22, (6), 869-886 View citations (14)

1996

41. Regional Inequalities and the Business Cycle: An Explanation of the Rise in European Unemployment
    Regional Studies, 1996, 30, (1), 15-29 View citations (6)

Undated

42. Hybrid and Cyber Security Threats and the EU’s Financial System
    Journal of Financial Regulation, 6, (2), 306-316
    See also Working Paper Hybrid and Cyber Security Threats and the EU’s Financial System, ULB Institutional Repository (2020) (2020)

Books

2024

1. Unite, defend, grow- Memos to the European Union leadership 2024-2029
   Bruegel Book, Bruegel

2019

2. Braver, greener, fairer- Memos to the EU leadership 2019-2024
   Bruegel Book, Bruegel View citations (4)
   See also Working Paper Braver, Greener, Fairer: Memos to the EU leadership 2019-2024, ULB Institutional Repository, ULB -- Universite Libre de Bruxelles (2019) (2019)

Editor

1. Working Papers
   DNB