Dr Eddie Gerba
Visiting Fellow
European Institute
Email: E.E.Gerba@lse.ac.uk
Telephone: 020 7955 6296
Room: COW G.05
Biography
Eddie Gerba (PhD) is permanently employed as Research Economist at Bank of Spain since July 2016. He is also a Visiting Fellow at the European Institute and has previously held the position of Fellow in Macroeconomics at the same. Together with Professor Paul De Grauwe, he is working on macroeconomic (business cycle) implications of financial and behavioural imperfections. He has a background in both macroeconomics and quantitative finance. In addition, he holds a Distinguished Affiliate position at the CES Ifo Research Institute in Munich, and has previously worked as Research Consultant (ECB) and Advisor to the Economic and Monetary Affairs Committee (European Parliament).
Research Interests
Eddie’s research interests lie in the fields of macroeconomics and quantitative finance. Of particular interest to his research are the interactions and linkages between financial markets and the macroeconomy. This includes topics such as credit cycles, financial intermediation theory, financial crises, risk management and business cycles. Method-wise, his interests and experience lie in DSGE-models, bounded rationality, computational methods, time-series econometrics, and derivative pricing models.
Most recently, he has published a book on 'Financial Cycles and Macroeconomic Stability: How Secular is the Great Recession?'. The book explores the secular stagnation phenomenon and investigates the role of US financial sector on macroeconomic cycles and growth. The book includes both a theoretical and an empirical analysis of the US macro-financial developments over the past 60 years. A full description fo the book is available on Amazon.
Positons Held
-
Visiting Fellow, European Institute, LSE
-
Research Economist, Bank of Spain
-
Distinguished Affiliate, CES Ifo Institute
Selected Publications
Acedemic Papers
de Grauwe, Paul and Gerba, Eddie (2016) Monetary transmission under competing corporate finance regimes Ensayos Sobre Política Económica. ISSN 0120-4483 (forthcoming)
Gerba, Eddie and Zochowski, Dawid (2016) Macroprudential policy in a Knightian uncertainty model with credit-, risk-, and leverage cycles ECB working paper, European Central Bank, Frankfurt am Main, Germany.
Gerba, Eddie (2015) Financial cycles and macroeconomic stability: how secular is the Great Recession? LAP Lambert Academic Publishing, Saarbruecken, Germany. ISBN 9783659689116
de Grauwe, Paul and Gerba, Eddie (2015) Stock market cycles and supply side dynamics: two worlds, one vision Documentos de trabajo , Banco de España, Madrid, Spain.
Gerba, Eddie and Pikoulakis, Emmanuel V. and Wisniewski, Tomasz Piotr (2014) Structural models of the wage curve estimated by panel data and cross-section regressions MPRA paper, 53975. Munich Personal RePEc Archive (MPRA), Munich, Germany.
Gerba, Eddie and Schelkle, Waltraud (2014) Household finance and the welfare state: a case study of the United States, 1980-2010 The London School of Economics and Political Science, London, UK.
Gerba, Eddie (2013) Reconnecting investment to stock markets: the role of corporate net worth evaluation Working papers , Social Science Research Network (SSRN) , Rochester, USA.
Gerba, Eddie and Hauzenberger, Klemens (2013) Estimating US fiscal and monetary interactions in a time varying VAR School of Economics discussion paper , KDPE 1303. University of Kent, Canterbury, UK.
Gerba, Eddie and Schelkle, Waltraud (2013) The finance-welfare state nexus ACES cases, 2013.1. The American Consortium on EU Studies (ACES), Washington, USA.
Policy Papers
“Assessing ECB Quantitative Easing: One Year On”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2016-01, June 2016
“Policy options and risks of an extension of the ECB’s quantitative easing programme: An analysis”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2016-01, Feb 2016
“Is globalization reducing the ability of central banks to control inflation?”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2015-07, Nov 2015
“Interaction between monetary policy and bank regulation: Theory and European practice”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2015-07, Sep 2015 (also LSE Systemic Risk Centre Special Paper no. 10)
“Sovereign Bond Purchases and Risk Sharing: Myth and Reality of the European QE”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2015-02, June 2015 (also LSE Systemic Risk Centre Special Paper no. 9)
“Financial (in)stability low interest rates and (un)conventional monetary policy”, with C. Macchiarelli, Monetary Policy Dialogue, note to the European Parliament, IP/A/ECON/2015-01, Mar 2015
Public Debates
He is also actively contributing to the USAPP blog and EUROPP blog. His latest posts can be accessed here:
http://blogs.lse.ac.uk/europpblog/2016/03/10/quantitative-easing-to-deal-with-the-root-of-the-problem-the-ecb-should-tackle-non-performing-loans/ (with C. Macchiarelli)
http://blogs.lse.ac.uk/usappblog/2015/12/23/the-feds-rate-rise-may-not-provide-enough-of-a-boost-to-the-financial-sector-to-allow-the-us-recovery-to-take-off/
http://blogs.lse.ac.uk/usappblog/2014/06/04/the-fed-must-explicitly-react-to-movements-on-the-stock-market-if-it-values-stability-and-wishes-to-avoid-large-consumption-and-output-swings/
http://blogs.lse.ac.uk/usappblog/2014/05/07/spending-rises-are-more-effective-in-expanding-the-economy-by-as-much-as-20-percent-compared-to-tax-cuts/ (with K. Hauzenberger)