Makram Khalil
Welcome to my website!
I am a senior economist at Deutsche Bundesbank and hold a Ph.D from the Vienna Graduate School of Economics (University of Vienna).
My main research interests are International Macroeconomics and Finance, and Empirical Macroeconomics.
Contact Details
Deutsche Bundesbank
Wilhelm-Epstein-Straße 14, 60431 Frankfurt am Main, Germany
E-Mail: makram.khalil[at]bundesbank.de
Published Articles
Oil prices, manufacturing goods, and nontradeable services. Journal of International Economics. Volume 134, January 2022.
Corresponding Deutsche Bundesbank Discussion Paper No. 60/2020 and related Deutsche Bundesbank Research Brief 40/2021.
Cross-border portfolio diversification under trade linkages. Journal of Monetary Economics. Volume 104, Pages 114-128, June 2019.
Working Papers and Work in Progress
Product turnover and endogenous price flexibility in uncertain times (with V. Lewis).
CEPR Discussion Paper No. 18941, March 2024. Deutsche Bundesbank Discussion Paper No. 14/2024. Vox EU article.
Capital reallocation under climate policy uncertainty (with F. Strobel).
Deutsche Bundesbank Discussion Paper No. 23/2023. SUERF Policy Brief No. 763.
Chinese supply chain shocks (with M.-D. Weber).
Deutsche Bundesbank Discussion Paper No. 44/2022. SUERF Policy Brief No. 543.
US trade policy and the US dollar (with F. Strobel). Conditionally accepted, Journal of International Economics.
Deutsche Bundesbank Discussion Paper No. 47/2021. Deutsche Bundesbank Research Brief 58/2023.
Global value chain participation and exchange rate pass-through (with G. Georgiadis and J. Gräb).
Deutsche Bundesbank Discussion Paper No. 67/2020. Earlier version: ECB Working Paper No. 2327 November 2019
Policy writings
Khalil M. and V. Lewis, 2024: Price and output responses to supply disruptions in times of high uncertainty, Vox EU article April 2024.
Khalil M. and F. Strobel, 2023: Capital reallocation towards greener production under climate policy uncertainty, SUERF Policy Brief No. 763.
Khalil M. and M.-D. Weber, 2023: How shocks to Chinese supply chains affect US and euro area manufacturing, SUERF Policy Brief No. 543.
Khalil M. and F. Strobel, 2023, How the US dollar, as a reserve currency, restricts US trade policy, Deutsche Bundesbank, Research Brief No. 58.
Ioannou et al. (2023): The EU’s Open Strategic Autonomy from a central banking perspective - Challenges to the monetary policy landscape from a changing geopolitical environment. ECB Occasional Paper No. 311.
Khalil M., 2021: Dynamics in the crude oil market dictated by the manufacturing sector, Deutsche Bundesbank, Research Brief No 40.
All content on this website represents my personal opinions and does not necessarily reflect the views of Deutsche Bundesbank or its staff. Website Disclaimer / Datenschutzerklärung