I am deputy head of the macroeconomic modelling unit of the European Commission, Directorate-General Economics and Financial Affairs.
In this role, I am responsible for developing and applying DG ECFIN's macroeconomic models (QUEST, GM) for structural, fiscal, and climate policy analysis.
Email: philipp.pfeiffer (at) ec.europa.eu
Ph.D. TU Berlin/Berlin School of Economics (2019)
Studies of Economics and Sociology in Berlin (Humboldt University), San Diego (UCSD), Seoul (SNU), Potsdam, and Torino.
Research stays at Academia Sinica (Taiwan) and the European Commission, JRC Ispra (Italy).
Disclaimer: The views expressed on this website are my own and should not be attributed to the European Commission.
"Efficient and robust inference of models with occasionally binding constraints" with M. Giovannini, and M. Ratto, R&R at Journal of Applied Econometrics
"Persistent Global Growth Differences and Euro Area Adjustment: Real Activity, Trade and the Real Exchange Rate" with A. Ifrim, R. Kollmann, M. Ratto, and W. Roeger CEPR Discussion Paper 20476, submitted.
"Fiscal policy in a monetary union with downward nominal wage rigidity" (2024), with M. Burgert, and W. Roeger, IMF Economic Review
"Unleashing Potential: Model-Based Reform Benchmarking for EU Member States" (2024) with J. Varga, and J. in 't Veld, European Journal of Political Economy (83)
"The COVID slump on both sides of the Atlantic: A model-based comparison" (2023) with R. Cardani, M. Ratto, and L. Vogel, European Economic Review (158), [replication packages (large files)]
"Quantifying spillovers of coordinated investment stimulus in the EU" (2023) with J. Varga and J. in 't Veld, Macroeconomic Dynamics (27), pp. 1843-1865.
"Where is the EU Economy Headed? The International Dimension" (2023) with M. Bertoldi, A. Eriksgaard, and K. Orsini. Journal of Policy Modeling (45), SI: The World Economy: Where to from here?, 4, pp. 817-832.
"The Euro Area’s pandemic recession: A DSGE interpretation" (2022) with R. Cardani, O. Croitorov, M. Giovannini, M. Ratto, and L. Vogel, Journal of Economic Dynamics and Control (143)
"Measuring preferences over the temporal resolution of consumption uncertainty" (2022), with T. Meissner, Journal of Economic Theory (200).
"The role of domestic versus foreign drivers for external (im)balances of euro area countries" (2022), with R. Cardani, S. Hohberger, and L. Vogel, Journal of International Money and Finance (121), SI: Current Account (Im-)Balances: Determinants and Policy Implications [replication packages (large files)]
"Optimal Fiscal Policy with Low Interest Rates for Government Debt" (2021) with W. Roeger, and L. Vogel, Journal of Economic Dynamics and Control (132)
"How much Keynes and how much Schumpeter?" (2021), with G. Cozzi, B. Pataracchia, and M. Ratto, European Economic Review (133)
"Energy Commodity Price Shocks in the Euro Area: Evidence from a Large-Scale Structural Model" (2025), with B. Pataracchia, M. Ratto, and J. Teresiński. European Economy - Discussion Papers (233). Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
"The economic impact of higher defence spending" (2025), with A. Cepparulo and others. European Economic Forecast, Institutional paper 318, Special Issue 3 Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
"Greece’s Loan Facility: Facilitating Corporate Investment through NextGenerationEU" (2024), with J. Antal, M. Sfakianakis, and E. Llobell. European Economy - Discussion Papers (207). Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
"The Implications of Public Investment for Debt Sustainability" (2024), with G. Motyovszki and J. in 't Veld. European Economy - Discussion Papers (204). Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
"An overview of the economics of the Recovery and Resilience Facility" (2021) with E. Afman, S. Engels, S. Langedijk, and J. in 't Veld, in Quarterly Report on the Euro Area (QREA), Vol. 20, No. 3 (2021), Chapter I, pp. 7-16. European Commission (DG ECFIN).
"The macroeconomic impact of the COVID-19 pandemic in the euro area'' (2021) with O. Croitorov, G. Filippeschi, M. Licchetta, A. Reut, W. Simonis, A. Thum-Thysen, A. Vandeplas, and L. Vogel, in Quarterly Report on the Euro Area (QREA), Vol. 20, No. 2 (2021), Chapter I, pp. 7-16. European Commission (DG ECFIN).
"The COVID19-pandemic in the EU: Macroeconomic transmission and economic policy response'' (2020) with W. Roeger, and in 't Veld, Covid Economics 30, CEPR
The Global Multi-Country Model (GM): An Estimated DSGE Model for Euro Area Countries (2019) with A. Albonico, and others. European Economy - Discussion Papers (102). Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.