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Matthias Rottner

Bank for International Settlements (BIS)

Centralbahnplatz 2

Basel, Basel-Stadt 4002

Switzerland

Deutsche Bundesbank - Research Centre

Wilhelm-Epstein-Str. 14

Frankfurt/Main, 60431

Germany

  • Bank for International Settlements (BIS)

  • Deutsche Bundesbank - Research Centre

SCHOLARLY PAPERS

17

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2,129

TOTAL CITATIONS
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78

Scholarly Papers (17)

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1.

Geopolitical Risk in the Euro Area: Measurement and Transmission 

Number of pages: 64 Posted: 24 Dec 2025 Last Revised: 22 Apr 2026
Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner and Yves S. Schüler
Deutsche Bundesbank, Deutsche Bundesbank, Research Centre, Bank for International Settlements (BIS) and Deutsche Bundesbank
Downloads 338 (228,126)

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Euro Area, Geopolitical Risk, Inflation, Sanctions, Shortages

2.

CBDC and Banks: Disintermediating Fast and Slow

Deutsche Bundesbank Discussion Paper No. 15/2024
Number of pages: 78 Posted: 23 May 2024
Rhys M. Bidder, Timothy P. Jackson, Matthias Rottner and Deutsche Bundesbank Submitter
King’s College London, University of Liverpool - Economics Group, Bank for International Settlements (BIS) and affiliation not provided to SSRN
Downloads 317 (241,719)
Citation 16

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3.

Geopolitical Risk Perceptions

Downloads 311 (242,568)
Citation 28

Geopolitical Risk Perceptions

Deutsche Bundesbank Discussion Paper No. 37/2024
Number of pages: 53 Posted: 17 Sep 2024
Yevheniia Bondarenko, Vivien Lewis, Matthias Rottner and Yves S. Schüler
Deutsche Bundesbank, Research Centre, Bank for International Settlements (BIS) and Deutsche Bundesbank
Downloads 162 (461,307)
Citation 26

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geopolitical risk, risk perceptions, Russia, sanctions, shock transmission

Geopolitical Risk Perceptions

Number of pages: 39 Posted: 10 May 2023
Yevheniia Bondarenko, Vivien Lewis, Matthias Rottner and Yves S. Schüler
Deutsche Bundesbank, Research Centre, Bank for International Settlements (BIS) and Deutsche Bundesbank
Downloads 149 (497,016)
Citation 2

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geopolitical risk, risk perceptions, Russia, sanctions, shock transmission

4.

Estimating Nonlinear Heterogeneous Agents Models with Neural Networks

FRB of Chicago Working Paper No. 2022-26
Number of pages: 55 Posted: 17 Jun 2022
Hanno Kase, Leonardo Melosi and Matthias Rottner
University of Minnesota - Minneapolis, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 228 (334,744)

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Machine learning, neural networks, Bayesian estimation, global solution, heterogeneous agents, nonlinearities, aggregate uncertainty, HANK model, zero lower bound

5.

Financial Crises and Shadow Banks: A Quantitative Analysis

Deutsche Bundesbank Discussion Paper No. 15/2022
Number of pages: 59 Posted: 14 Jun 2022
Matthias Rottner
Bank for International Settlements (BIS)
Downloads 207 (368,123)
Citation 7

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Financial crises, leverage, credit boom, nonlinear estimation

6.

Pandemic Recessions and Contact Tracing

Downloads 158 (472,207)
Citation 1

Pandemic Recessions and Contact Tracing

FRB of Chicago Working Paper No. 2020-31
Number of pages: 58 Posted: 20 Nov 2020
Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 73 (863,736)

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Contact tracing, testing, COVID-19, infection chain, pandemic, lockdown, SIR

Pandemic Recessions and Contact Tracing

Deutsche Bundesbank Discussion Paper No. 34/2021
Number of pages: 61 Posted: 18 Oct 2021
Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 43 (1,170,161)

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Contact tracing, testing, quarantine, externality, infection chain, lockdown, epidemics, SIR-macro model, COVID-19

Pandemic Recessions and Contact Tracing

FRB of Chicago Working Paper No. WP-2020-31
Number of pages: 58 Posted: 14 Jun 2021
Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 31 (1,341,098)

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Contact tracing, testing, COVID-19, infection chain, pandemic, lockdown, SIR, macro model, heterogeneous agent model

Pandemic Recessions and Contact Tracing

CEPR Discussion Paper No. DP15482
Number of pages: 64 Posted: 02 Dec 2020 Last Revised: 04 Feb 2022
Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 11 (1,598,105)
Citation 1
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Contact Tracing, COVID-19, Epidemics, externality, infection chain, lockdown, Quarantine, SIR-macro model, Testing

7.

Hitting the Elusive Inflation Target

Downloads 138 (530,816)
Citation 22

Hitting the Elusive Inflation Target

Deutsche Bundesbank Discussion Paper No. 40/2021
Number of pages: 49 Posted: 23 Nov 2021
Francesco Bianchi, Leonardo Melosi and Matthias Rottner
Johns Hopkins University, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 70 (887,392)

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Asymmetric monetary policy, deflationary bias, deflationary spiral, target range, framework review

Hitting the Elusive Inflation Target

FRB of Chicago Working Paper No. WP-2019-7
Number of pages: 40 Posted: 22 Oct 2019 Last Revised: 29 Apr 2020
Francesco Bianchi, Leonardo Melosi and Matthias Rottner
Johns Hopkins University, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 43 (1,170,161)

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Deflationary bias, asymmetric rules, opportunistic reflation, welfare, natural rate, zero lower bound, disanchoring of inflation expectations, inflation targeting, liquidity traps, macroeconomic uncertainty

Hitting the Elusive Inflation Target

NBER Working Paper No. w26279
Number of pages: 50 Posted: 18 Sep 2019 Last Revised: 22 Apr 2023
Francesco Bianchi, Leonardo Melosi and Matthias Rottner
Johns Hopkins University, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 23 (1,459,262)
Citation 21

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Hitting the Elusive Inflation Target

CEPR Discussion Paper No. DP14161
Number of pages: 51 Posted: 04 Dec 2019 Last Revised: 22 Sep 2021
Francesco Bianchi, Leonardo Melosi and Matthias Rottner
Johns Hopkins University, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 2 (1,657,086)
Citation 1
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Asymmetric monetary policy, de ationary bias, de ationary spiral, framework review, target range

8.

Climate Minsky Moments and Endogenous Financial Crises

Deutsche Bundesbank Discussion Paper No. 26/2024
Number of pages: 44 Posted: 18 Jul 2024
Matthias Kaldorf and Matthias Rottner
Deutsche Bundesbank and Bank for International Settlements (BIS)
Downloads 94 (725,554)

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Climate Policy, Financial Stability, Financial Crises, Transition Risk

9.

Climate Minsky Moments and Endogenous Financial Crises

Number of pages: 58 Posted: 04 Jun 2024 Last Revised: 31 Dec 2025
Matthias Kaldorf and Matthias Rottner
Deutsche Bundesbank and Bank for International Settlements (BIS)
Downloads 93 (725,554)
Citation 1

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Climate Policy, Financial Stability, Financial Crises, Transition Risk

10.

Reversal Interest Rate and Macroprudential Policy

Deutsche Bundesbank Discussion Paper No. 24/2021
Number of pages: 1 Posted: 13 Aug 2021
Matthieu Darracq Pariès, Christoffer Kok and Matthias Rottner
European Central Bank (ECB), European Central Bank (ECB) and Bank for International Settlements (BIS)
Downloads 80 (803,225)
Citation 1

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11.

Reversal Interest Rate and Macroprudential Policy

Number of pages: 55 Posted: 14 May 2022
Matthieu Darracq Pariès, Christoffer Kok and Matthias Rottner
European Central Bank (ECB), European Central Bank (ECB) and Bank for International Settlements (BIS)
Downloads 57 (1,000,027)

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Reversal Interest Rate, Negative Interest Rates, macroprudential policy, monetary policy, ZLB

12.

Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises

Downloads 52 (1,052,702)

Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises

Deutsche Bundesbank Discussion Paper No. 22/2023
Number of pages: 33 Posted: 05 Sep 2023
Spencer D. Krane, Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago - Economic Research, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 43 (1,170,161)

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New framework, central bank's communications, deflationary bias, asymmetric average inflation targeting, imperfect credibility, liftoff, Bayesian learning

Learning Monetary Policy Strategies at the Effective Lower Bound with Sudden Surprises

FRB of Chicago Working Paper No. 2023-22
Number of pages: 45 Posted: 07 May 2026
Spencer D. Krane, Leonardo Melosi and Matthias Rottner
Federal Reserve Bank of Chicago - Economic Research, University of Warwick and Bank for International Settlements (BIS)
Downloads 9 (1,621,812)

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New framework, central bank’s communications, deflationary bias, inflation surprises, asymmetric average inflation targeting, imperfect credibility, liftoff, Bayesian learning

13.

Learning Monetary Policy Strategies at Theeffective Lower Bound with Sudden Surprises

Number of pages: 33 Posted: 16 Jul 2024
Leonardo Melosi, Spencer D. Krane and Matthias Rottner
University of Warwick, Federal Reserve Bank of Chicago - Economic Research and Bank for International Settlements (BIS)
Downloads 23 (1,411,822)

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New framework, central bank's communications, deflationary bias, inflation surprises, asymmetric average inflation targeting, imperfect credibility, liftoff, Bayesian learning.

14.

Monetary Policy and Earnings Inequality: Evidence from High-Frequency Administrative Data

Number of pages: 55 Posted: 01 Jun 2026
Matthias Rottner and Jaanika Meriküll
Bank for International Settlements (BIS) and Bank of Estonia
Downloads 20 (1,518,554)

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Monetary Policy, Labour Income Inequality, Inflation, State Dependency, Earnings Heterogeneity Channel, Aggregate MPC

15.

Macroeconomic Effects of Carbon-Intensive Energy Prices Changes: A Model Comparison

Banco de Espana Working Paper No. 2550
Number of pages: 52 Posted: 09 Jun 2026 Last Revised: 10 Jun 2026
Matthias Burgert, Matthieu Darracq Pariès, Luigi Durand, Mario González, Romanos Priftis, Oke Röhe, Matthias Rottner, Edgar Silgado-Gómez, Nikolai Stähler and Janos Varga
Swiss National Bank, European Central Bank (ECB), Central Bank of Chile, Central Bank of Chile, European Central Bank (ECB), Deutsche Bundesbank, Bank for International Settlements (BIS), Banco de España, Deutsche Bundesbank and European Union - Directorate General for Economic and Financial Affairs (DG ECFIN)
Downloads 9

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16.

Estimating Nonlinear Heterogeneous Agents Models with Neural Networks

CEPR Discussion Paper No. DP17391
Number of pages: 57 Posted: 23 Jun 2022
Hanno Kase, Leonardo Melosi and Matthias Rottner
University of Minnesota - Minneapolis, Federal Reserve Bank of Chicago and Bank for International Settlements (BIS)
Downloads 3 (1,579,934)
Citation 2
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Aggregate uncertainty, Bayesian estimation, Global solution, HANK model, Heterogeneous Agents, Machine Learning, neural networks, Nonlinearities, zero lower bound

17.

The Macroeconomics of Stablecoins

Number of pages: 46
Boris Hofmann, Matthias Kaldorf and Matthias Rottner
Bank for International Settlements (BIS) - Monetary and Economic Department, Deutsche Bundesbank and Bank for International Settlements (BIS)
Downloads 1

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Stablecoins, Macroeconomic Model, Regulation, Treasury Securities, Disintermediation