Maria Demertzis

Maria Demertzis

PhD, University of Strathclyde
Senior Economist
Research Department
De Nederlandsche Bank

Currently seconded at Ecfin, European Commission, Brussels

Email: m{dot}demertzis{at}gmail{dot}com
Telephone:+32 2 2989434

European Commission, DG ECFIN,Unit B.1, CHARLEMAGNE 13/140, 
Rue de la Loi, 170, B-1049, Brussels, Belgium

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Short Bio:

Maria Demertzis works at the Research Department of De Nederlandsche Bank but is currently seconded as a national expert at Ecfin at the European Commission. She has been visiting the Harvard Kennedy School of Government every summer since 1999, where she teaches game theory at the Mid-Career, Masters in Public Administration program. Previously she was a lecturer in economics at the University of Strathclyde in Glasgow, UK.
Full CV

Contributions to policy pieces, European Commission
Current account surpluses in the EU, European Economy 9/2012.
Assessing the dynamics of house prices in the euro area, Quarterly report on the euro area, Vol. 11, 2012, Issue 4, December.

Research Interests/Work in Progress:

newblueComplex Methods in Economics: An Example of Behavioral Heterogeneity in House Prices, DNB Working Paper No. 329, (with Wilko Bolt, Cees Diks and Marco van der Leij).
 newblue Interdependence of Fiscal Debts in EMU, DNB Working Paper No. 309, (with Nicola Viegi).
newbluePublic versus Private Information, DNB Working Paper No. 290.
newblueExcessive Bank Risk-Taking and Monetary Policy, DNB Working Paper No. 271, April 2011 (with Itai Agur).
newblue An Operational Measure of Riskiness: a Comment, DNB Working Paper No. 262.
newblue Anchors for Inflation Expectations, DNB Working Paper No. 229, (with Massimiliano Marcellino and Nicola Viegi).
newblue The 'Wisdom of the Crowds' and Public Policy, DNB Working Paper No. 203.
newblue Confidence in Monetary Policy, DNB Working Paper No. 192, (with Yakov Ben-Haim).
bullet Aiming for the Bull’s Eye: Inflation Targeting under Uncertainty, this version March 2007, (with Nicola Viegi); previous version (DNB Staff Report No. 88) with static model.
bullet Three Models of Imperfect Transparency in Monetary Policy, CEPR Discussion Paper No. 4117, (with Andrew Hughes Hallett).
bullet The Dynamic Properties of Inflation Targeting Under Uncertainty, DNB Staff Report No. 113, (with Nicola Viegi).

Recent Publications:


bullet"Leaning Against the Wind" and the Timing of Monetary Policy, 2013, Journal of International Money and Finance, forthcoming (with Itai Agur).
newblue A Credibility Proxy: Tracking US Monetary Developments, 2012,The B.E. Journal of Macroeconomics, Volume 12, Issue 1, Article 12, (with Massimiliano Marcellino and Nicola Viegi).
bullet"How Anchored are Inflation Expectations in EMU Countries?, 2011, Economic Modelling, 28(1-2), 281-298, (with Carin van der Cruijsen).
bullet Inflation Targeting: a Framework for Communication, 2009, The B.E. Journal of Macroeconomics: Vol. 9: Iss.1 (Topics), Article 44, (with Nicola Viegi).
 bullet Europeanization or Globalization? Transnational Wage Bargaining and the Distribution of Activity in European Labor Markets, 2009, North American Journal of Economics and Finance, Vol. 20, Issue 2, August, 177-192, (with Andrew Hughes Hallett and Nicolien Schermer).
bullet Asymmetric Information and Rational Expectations: When is it Right to be "Wrong"?, 2008, Journal of International Money and Finance, Vol. 27, No.8, December, 1407-1419, (with Andrew Hughes Hallett).
bullet Inflation Targets as Focal Points, 2008, International Journal of Central Banking, Vol. 4 No. 1, March, 55-87, (with Nicola Viegi).
bullet The Costs of Increasing Transparency, 2007, Open Economies Review, 18, 263-280, (with Marco Hoeberichts).
bullet The Impact of Central Bank Transparency on Inflation Expectations, 2007, European Journal of Political Economy, 23, March, 51-66, (with Carin van der Cruijsen).
bullet Dealing with Uncertainty: Robust Rules in Monetary Policy, 2007, Scottish Journal of Political Economy, Vol. 54, No.2, May, 295-307, (with Alexander Tieman).
bullet Central Bank Transparency in Theory and Practice, 2007, Journal of Macroeconomics, Vol 29, No 4. December,760-789, (with Andrew Hughes Hallett).

Invited Contributions

bullet  Debating Fiscal Federalism in EMU: Plus ça change..., 2007, Quantitative Economic Policy: Theory and Applications.  Essays in honour of Andrew Hughes Hallett, R. Neck, C. Richter and P. Mooslechner (eds), Springer-Verlag, 157-182.
bullet The Role of Expectations in Monetary Policy, 2006, International Finance, Volume 9, Number 3, 393-412.


Press:

bulletMonetary Policy and Excessive Bank Risk Taking, Vox, 31 January 2011.
bullet A Case Against Central Bank Transparency, speech delivered at the Workshop organised by DNB on Transparency and Communication, January 2007 (appeared at www.eurointelligence.com).

My co-authors:
Carin van der Cruijsen, An Accidental African Economist: Nicola Viegi's Homepage, Marco Hoeberichts, Andrew Hughes Hallett, Yakov Ben-Haim, Xander Tieman, Massimiliano Marcellino, Yue Ma, Ole Rummel, Itai Agur

Links:
De Nederlandsche Bank
RouteYou...Groovy!
Fabio Ghironi's Macro resource page (worth visiting!)
Hyun Song Shin's Page
Panayotis Demertzis
Info-gap blog by Yakov Ben-Haim

Last updated April 2013