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Christoph Grosse Steffen


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

Current Position

Deputy Division Head, Monetary Policy Research Division - Directorate Monetary and Financial Analysis


PhD. in Economics, Freie Universitat Berlin



Christoph Grosse Steffen


Research Interest



+33 (0)1 42 92 49 42

Banque de France, 49-1374 DGEI, 75049 Paris Cedex 01

Publications Working Paper Series no. 854:

Committed to Flexible Fiscal Rules

By Grosse Steffen Christoph, Laura Pagenhardt, Rieth Malte
  • Published on 12/14/2021
  • 46 pages
  • EN
  • PDF (1.7 MB)
Publications Working Paper Series no. 852:

Anchoring of Inflation Expectations: Do Inflation Target Formulations Matter?

  • Published on 12/09/2021
  • 67 pages
  • EN
  • PDF (5.62 MB)
Publications Working Paper Series no. 655:

Inflation Targeting as a Shock Absorber

By Fratzscher Marcel, Grosse Steffen Christoph, Rieth Malte
  • Published on 12/12/2017
  • 60 pages
  • EN
  • PDF (2.71 MB)


  • “Sovereign risk, interbank freezes, and aggregate fluctuations” (2016), with Philipp Engler, European Economic Review 87, 34-61 [doi:10.1016/j.euroecorev.2016.02.012 ].
  • ­“Interest Rate Lift-Off in the US: Moderate Impact to Date, but Emerging Markets Should Brace Themselves”, DIW Economic Bulletin 14/201.
  • “GDP-Linked Loans for Greece”, with Marcel Fratzscher and Malte Rieth, DIW Economic Bulletin 9/2014.
  • ­ “Debt Restructuring in the Euro Area: How Can Sovereign Debt Be Restructured More Effectively?”, with Julian Schumacher, DIW Economic Bulletin 10/2014.
  • ­ “Safe Bonds for the European Monetary Union: Strengthening the Bailout Ban with More Robust Financial System”, with Philipp Engler, DIW Economic Bulletin 10/2014.
  • ­ “The Safe Asset Controversy: Policy Implications After the Crisis”, DIW Roundup 3/2014.

Updated on: 07/07/2023 13:25