Research

Publications

[9.] Eickmeier, S., Metiu, N., Quast, J., Tanneberger, S., 2024.  Global financial stress and financial transmission channels. G. Caporale (Ed.) Handbook of Financial Integration, Edward Elgar Publishing, Chapter 6, 134-171.

[8.] Metiu, N., 2021. Anticipation effects of protectionist U.S. trade policies. Journal of International Economics, 133, 103536. [Replication files] 

[7.] Beutel, J., Metiu, N., Stockerl, V., 2021. Toothless tiger with claws? Financial stability communication, expectations, and risk-taking. Journal of Monetary Economics, 120, 53-69. 

[6.] Meller, B., Metiu, N., 2017. The synchronization of credit cycles. Journal of Banking and Finance, 82, 98-111. 

[5.] Metiu, N., Hilberg, B., Grill, M., 2016. Credit constraints and the international propagation of US financial shocks. Journal of Banking and Finance, 72, 67-80. 

[4.] Metiu, N., 2016. How does the stock market respond to changes in bank lending standards? Economics Letters, 144, 92-97.

[3.] Borsi, M.T., Metiu, N., 2015. The evolution of economic convergence in the European Union. Empirical Economics, 48(2), 657-681. Winner of the 2014/2015 Empirical Economics Lawrence R. Klein Award for outstanding papers in the field of Empirical Economics.

[2.] Metiu, N., 2012. Sovereign risk contagion in the Eurozone. Economics Letters, 117, 35-38.

[1.] Candelon, B., Metiu, N., 2011. Linkages between stock market fluctuations and business cycles in Asia. Cheung, Y.-W., Kakkar, V., Ma, G. (Ed.) The Evolving Role of Asia in Global Finance (Frontiers of Economics and Globalization, Vol. 9), Emerald Group Publishing Limited, Bingley, Chapter 2, 23-51. 

Working papers

Metiu, N., Prieto, E., 2023. Time-varying stock return correlation, news shocks, and business cycles. R&R at: European Economic Review. [Bundesbank Discussion Paper] 

Eickmeier, S., Metiu, N., Prieto, E., 2023. Time-varying volatility, financial intermediation and monetary policy. R&R at: Journal of Money, Credit and Banking. [Bundesbank Discussion Paper] [Bundesbank Research Brief] [IWH Halle Discussion Paper] [CAMA Working Paper] [CEPR Discussion Paper]

Metiu, N., Prieto, E., 2023. The macroeconomic effects of inflation uncertainty. [Bundesbank Discussion Paper] [SSRN]

Beutel, J., Emter, L., Metiu, N., Prieto, E., Schüler, Y. S., 2022. The global financial cycle and macroeconomic tail risks. Submitted to journal. [Bundesbank Discussion Paper] [SSRN] [Financial Times media coverage

Beutel, J., Fourné, F., Metiu, N., 2021. Social distancing and the macrofinancial consequences of natural disasters. [SSRN]

Candelon, B., Metiu, N., Straetmans, S., 2013. Disentangling economic recessions and depressions [Bundesbank Discussion Paper]

Work in progress

"Monetary policy, central bank information, and bank lending: Evidence from German banks" (with S. List)

"What moves households' expectations during a crisis? Evidence from a randomized information experiment" (with V. Stockerl)

Policy contributions

“A composite indicator of financial conditions for Germany”, 2022. Deutsche Bundesbank, Technical Paper No. 03/2022. [Link to paper]

“Macroprudential policy and growth-at-risk”, 2021 (with co-authors). Deutsche Bundesbank, Monthly Report. July 2021, 65-83. [Link to chapter]

The impact of uncertainty on real economic activity”, 2020 (with co-authors). Deutsche Bundesbank, Financial Stability Review 2020, 19-20. [Link to FSR]

“Financial cycles in the euro area”, 2019 (with co-authors). Deutsche Bundesbank, Monthly Report. January 2019, 51-74. [Link to chapter]

The relationship between political uncertainty and financial market volatility”, 2017. Deutsche Bundesbank, Financial Stability Review 2017, 26-28. [Link to FSR]

“Monetary policy, risk appetite and financial stability”, 2014. Deutsche Bundesbank, Financial Stability Review 2014, 18-19. [Link to FSR]