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

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