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Gerlach Macro Notes

Stefan Gerlach writes about monetary policy as it is actually practiced. Based in Zurich, he is Chief Economist at EFG Bank and a former Deputy Governor of the Central Bank of Ireland.

gerlachmacro.substack.comSource feed ↗10 posts

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Latest posts

Norges Bank's August Meeting

Short comment

Norges Bank: The Reaction Function

A longer read

Why Central Banks Aren’t Raising Rates

Short comment

Norges Bank: The Monetary Policy Framework

(Formerly Swiss Macro and History)

The ECB Is Still Practising Opportunistic Disinflation

The ECB’s decision today to leave its policy rates unchanged at 2.25% was widely expected.

Singapore: Three Months After April’s Tightening

(Formerly Swiss Macro and History)

Why the ECB's Monetary Policy Accounts Should Be Much Shorter

(Formerly Swiss Macro and History)

The SNB's June Monetary Policy Assessment

(Formerly Swiss Macro and History)

Is the ECB Practising Opportunistic Disinflation?

(Formerly Swiss Macro and History)

The Bank of England's MPC Is Not What It Used to Be

Formerly Swiss Macro and History