Boris Hofmann

Senior Economist
Monetary and Economic Department, Monetary Policy

Boris Hofmann joined the BIS in February 2011. Previously he worked at the Centre for European Integration Studies of the University of Bonn (1999-2003), the Economics Department of the Deutsche Bundesbank (2003-2006) and the Economics Department of the European Central Bank (2006-2011). He holds a PhD from the University of Bonn. His analytical work covers a broad range of topics in empirical monetary macroeconomics, including monetary policy transmission, monetary policy reaction functions, central bank communication and in particular the interlinkages between monetary policy and financial and economic stability.

Fields of interest

  • Monetary policy
  • Financial stability and macro-prudential issues

Selected Publications

  • "Time variation in US wage dynamics", with Gert Peersman and Roland Straub, Journal of Monetary Economics, forthcoming
  • Monetary policy, housing booms and financial (im)balances, with Sandra Eickmeier, Macroeconomic Dynamics, forthcoming.
  • Gauging the effectiveness of central bank forward guidance, with Magnus Andersson, in: D. Cobham, Ø. Eitrheim, S. Gerlach and J. F. Qvigstad (eds.) Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects, Cambridge University Press, 2010.
  • Do monetary indicators lead euro area inflation?, Journal of International Money and Finance, 2009, 28, 1165-1181.
  • House prices, money, credit and the macroeconomy, with Charles Goodhart, Oxford Review of Economic Policy, 2008, 24, 180-205.
  • House prices and the Macroeconomy, with C. Goodhart, Oxford University Press, 2007.
  • The determinants of bank credit in industrialized countries: do property prices matter?, 2001, BIS Working Paper 108 (published in: International Finance, 2004, 7 , 203-234.