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Matthias Kaldorf

Deutsche Bundesbank

Wilhelm-Epstein-Str. 14

Frankfurt/Main, 60431

Germany

SCHOLARLY PAPERS

8

DOWNLOADS

701

TOTAL CITATIONS

2

Scholarly Papers (8)

1.

Convenient But Risky Government Bonds

Deutsche Bundesbank Discussion Paper No. 15/2023
Number of pages: 48 Posted: 11 Aug 2023
Matthias Kaldorf and Joost Röttger
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 153 (497,070)

Abstract:

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Sovereign risk, convenience yield, haircuts, debt management

2.

The Transmission of Bank Liquidity Shocks: Evidence from the Eurosystem Collateral Framework

Deutsche Bundesbank Discussion Paper No. 04/2024
Number of pages: 58 Posted: 01 Mar 2024
Pia Hüttl and Matthias Kaldorf
German Institute for Economic Research (DIW Berlin) and Deutsche Bundesbank
Downloads 123 (608,822)

Abstract:

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Bank Liquidity Shocks, Bank Lending Channel, Financial Integration, Real Effects, Eligibility Premia.

3.

Do Firm Credit Constraints Impair Climate Policy?

Deutsche Bundesbank Discussion Paper No. 29/2024
Number of pages: 48 Posted: 26 Jul 2024
Matthias Kaldorf and Mengjie Shi
Deutsche Bundesbank and Deutsche Bundesbank
Downloads 117 (617,542)

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Climate Policy, Credit Constraints, Emission Reduction, Corporate Capital Structure, Firm Heterogeneity

4.

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 98 (725,554)

Abstract:

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Climate Policy, Financial Stability, Financial Crises, Transition Risk

5.

Climate Change and the Macroeconomics of Bank Capital Regulation

Deutsche Bundesbank Discussion Paper No. 13/2024
Posted: 21 May 2024
Prometeia SpA, Deutsche Bundesbank and affiliation not provided to SSRN
Downloads 77 (844,901)
Citation 2

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Bank Regulation, Liquidity Provision, Risk-Taking, Climate Policy, Clean Transition, Multi-Sector Model

6.

Pro-Cyclical Emissions, Real Externalities, and Optimal Monetary Policy

Deutsche Bundesbank Discussion Paper No. 04/2025
Number of pages: 52 Posted: 07 Mar 2025
Francesco Giovanardi and Matthias Kaldorf
Prometeia SpA and Deutsche Bundesbank
Downloads 61 (980,173)

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Optimal Monetary Policy, Carbon Emissions, Output Gap, Central Bank Loss Function, Phillips Curve

7.

The Macroeconomics of Stablecoins

Number of pages: 50 Posted: 25 Jun 2026 Last Revised: 23 Jul 2026
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 49

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Stablecoins, Macroeconomic Model, Regulation, Treasury Securities, Disintermediation

8.

Optimal Central Bank Collateral Policy for the Net Zero Transition

Deutsche Bundesbank Discussion Paper No. 28/2025
Number of pages: 43 Posted: 16 Oct 2025
Matthias Kaldorf
Deutsche Bundesbank
Downloads 23 (1,436,435)

Abstract:

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Central Bank Collateral Policy, Climate Policy, Collateral Premia, Corporate Default Risk