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Webinar on YouTube: youtube.com/watch?v=8dLecS… A few hundred participants joined online to learn more about Markus Brunnermeier and Jean-Pierre Landau's perspective on the Digital Euro and to pose questions. CEPR SUERF - The European Money and Finance Forum

RIA Novosti accidentally published a pre-prepared article for the "end of the operation" on February 26th. Due to the defeat in key areas, the article was deleted, so you can read what kind of future they planned for Ukraine. thread with translation of the article.

In #StPetersburg, #Russia, the police detained a well-known survivor of the Siege of Leningrad Yelena Osipova at an anti-war #protest:

This is where we’re at: a Russian investment expert pulls out a bottle on live television to toast the end of the country’s capital markets and says he’s going back to working as a dress-up Santa Claus mobile.twitter.com/tjournal/statu…

Does #digital #finance threaten monetary sovereignty? And is #CBDC the appropriate response? Markus Brunnermeier and Dirk Niepelt expect CBDC adoption to increase. Article (in German): niepelt.ch/files/schwmona…

Der diesjährige Preis der Schweizerischen Gesellschaft für Volkswirtschaft und Statistik geht an Hansueli Schöchli, niepelt.ch/files/press%20… Gratulation!

This year's Economic Journalism Award of the Swiss Society of Economics and Statistics goes to Hansueli Schöchli, niepelt.ch/files/press%20…. Congratulations!

The Swiss National Bank will soon communicate its financial results for the first six months. Likely very negative. What are the implications for currency reserves and distributions? What is debated? niepelt.ch/contributions/…

Der Finanzplatz steuert auf eine Verstaatlichung der UBS zu. Wie kann die Schweiz reagieren? Mein Beitrag in der NZZ: nzz.ch/meinung/der-fi… [ungated: niepelt.ch/files/nzz22mar…]

... the reports lack an analysis of why digital euro holdings as stores of value are not desirable and whether strategies to limit such holdings cause collateral damage. Against that backdrop some of the design choices backed by the Governing Council appear premature.

Der #digitaleuro, dead on arrival? Ein attraktiver dE könnte Wettbewerb fördern, Transparenz schaffen, das Too-big-to-fail-Problem entschärfen. Mit ihrer Minimalvariante aber priorisiert die EZB das Ziel der Bewahrung des Status quo im Bankensystem. nzz.ch/meinung/der-di…

What is the "right" approach to measuring consumer prices? And how large and variable is mis-representation by conventional CPI measures? A model to think about these questions. And a rough answer to the second question: 1% over the cycle.

Private incentives to adopt #digitaleuro are weak. Promoting DE thus requires aggressive marketing. But #ECB wants to protect banks' business models. Missed opportunity for rethink; potential social benefits of DE exceed private ones. cepr.org/voxeu/columns/…, w/ Cyril Monnet

Comparing the current monetary system to one incorporating a central bank digital currency, Dirk Niepelt Universität Bern suggests that a CBDC-based approach could be a cost-effective alternative, particularly after accounting for direct and indirect costs. 👉ow.ly/HU4u50PQ6LQ

Greatly looking forward to a new colleague!

We are hiring!🇨🇭 4-year Postdoc position in Macroeconomics / Banking / Finance Dept. of Economics, University of Bern, group of Profs. Cyril Monnet and Dirk Niepelt Project on "Money and Debt in the 21st Century: Liquidity, Safety, Redistribution" econjobmarket.org/statuses?oid=2…