Klodiana Istrefi

Economist, Monetary Policy Research Division

Klodiana Istrefi has been an economist in the Monetary Policy Research Division at the Banque de France since 2014. She holds a PhD in Economics from Goethe University Frankfurt (2016). Previously she worked as a senior economist at the Bank of Albania. Her current work focuses on studying uncertainty as perceived by market participants with regard to monetary policy. Her primary fields of interest are: monetary economics, international economics, applied macroeconomics, macromodelling.

Current Position

Economist, Monetary Policy Research Division

Previous Position

Researcher, Centre of Excellence SAFE, Frankfurt.
Senior Economist, Research Department, Bank of Albania.

Diplomas

  • PhD in Economics, Goethe University Frankfurt
  • Masters degree in Economics and Psychology, Paris 1 Pantheon-Sorbonne University & Paris Descartes University
  • MSc in European Economic Studies, University of Tirana & University of Bamberg

Research Interest

Monetary economics, international economics, applied macroeconomics, macromodelling

Contact

Academic Publications

Articles
Others
  • Perceived FOMC: The Making of Hawks, Doves and Swingers (2018) with Michael Bordo, NBER Working Paper No. 24650
  • Perceived FOMC: The Making of Hawks, Doves and Swingers, with M. Bordo in "Hawks and Doves: Deeds and Words - Economics and Politics of Monetary Policymaking" (ed. Eijffinger S., Masciandaro D.), CEPR Press, London, 2018, pg 41-61
Interview

Publications

2nd of December 2025

1st of August 2025

24th of December 2024

Identification of Systematic Monetary Policy

Working paper

Economy

17th of December 2024

4th of November 2024

26th of January 2024

13th of April 2023

Central Bank Communication of Uncertainty

Working paper

Inflation

21st of December 2022

ECB Communication and its Impact on Financial Markets

Working paper

Eurosystem

14th of January 2022

9th of December 2021

4th of November 2021

Fed’s financial stability concerns and monetary policy

Eco Notepad

Monetary policy

15th of December 2020

Public Opinion on Central Banks when Economic Policy is Uncertain

Working paper

Banque de France

22nd of April 2020

15th of November 2019

In Fed Watchers’ Eyes: Hawks, Doves and Monetary Policy

Working paper

Economic conditions

22nd of August 2019

Why a FOMC member is a hawk or a dove? Ideology and Politics

Banque de France Bulletin

Economic research

20th of August 2019

2nd of August 2019

4th of October 2018

8th of June 2018

27th of September 2017