Christoph Grosse Steffen

Deputy Head, Monetary Policy Research Division, Monetary and Financial Studies Directorate

Christoph Grosse Steffen joined the Banque de France in 2016. Prior to this he held a post-doctoral position at DIW Berlin. His research interests are in the field of macroeconomics, particularly monetary policy, sovereign risk and the role of ambiguity in the macroeconomy. He received his PhD in Economics from Freie Universität Berlin in 2015.

Current Position

Deputy Head, Monetary Policy Research Division, Monetary and Financial Studies Directorate

Previous Position

  • Research Economist, Monetary Policy Research Division (2016-2022)
  • Research Associate, Department of Macroeconomics, DIW Berlin (2012-2016)

Diploma

  • PhD in Economics, Freie Universität Berlin
  • MSc in Economics, University of Münster
  • Maîtrise, Université Paris 2 Panthéon-Assas

Research Interest

Applied macroeconomics, monetary and fiscal policy

Contact

Academic Publications

Articles
  • “Committed to Flexible Fiscal Rules” (2025), with L. Pagenhardt and M. Rieth, Journal of Monetary Economics, 154(September 2025), 103809.
  • “Inflation Targeting as a Shock Absorber” (2020), with M. Fratzscher and M. Rieth, Journal of International Economics, 123(March 2020), 1-16.
  • “Collective Action Clauses in the Euro Area: A Law and Economics Analysis of the First Five Years” (2019), with S. Grund and J. Schumacher, Capital Markets Law Journal, 14(2), March 2019, 134-154.
  • “Sovereign risk, interbank freezes, and aggregate fluctuations” (2016), with Philipp Engler, European Economic Review 87, 34-61
Interview

Publications

11th of September 2026

26th of August 2026

11th of August 2026

22nd of December 2025

Fragmented Monetary Unions

Working paper

Economy

23rd of December 2024

24th of June 2024

21st of December 2023

14th of December 2021

Beggar-thy-neighbour QE?

Eco Notepad

Monetary policy

18th of January 2018