Short CV

Bernd Schwaab works as a (principal) financial economist at the European Central Bank (ECB)'s Financial Research Division (FIR).

Bernd's research focus is on financial economics, monetary economics, and time series econometrics. His joint research has been published,
or is forthcoming, in leading peer-reviewed journals, including the Journal of Financial Economics, the Journal of Monetary Economics,
the Journal of Econometrics, the Review of Economics and Statistics, and the Journal of Business and Economic Statistics, among others.
His work has been cited in e.g. the Wall Street Journal, the Frankfurter Allgemeine Zeitung, the ECB's Monthly and Research Bulletins,
ECB Discussion Papers, and private sector research letters. He's in the top 10% of authors on SSRN by all-time downloads.

Bernd particularly enjoys working with time-varying parameter models, in either state space or score-driven form, to solve problems that the risk,
finance, and/or central banking-related communities care about. Some co-developed models have been used in the ECB's monetary policy and
financial stability/macroprudential directorates, also for updating the ESRB's public risk dashboard.

While based in FIR since 2010, Bernd was temporarily seconded to the ECB’s banking supervisory arm SSM in 2016 to study banks’ business
models, to the ECB’s Risk Directorate in 2017/18 to study risk interdependencies between large unconventional monetary policy portfolios,
to the BIS in Basel in fall 2018 to work on the evolution of bank business models over time, and to the ECB’s DG-Monetary Policy in 2020/21
to work on Covid-related policy briefings. All these secondments led to relevant, peer-reviewed research articles; see here.

Bernd's Ph.D. in Economics (2011) is from Tinbergen Institute and Vrije Universiteit Amsterdam, receiving doctoral supervision from
Prof. dr. Andre Lucas and Prof. dr. Siem Jan Koopman. In the fall of 2009 Bernd was a visiting Ph.D. student at the University of Chicago's
Booth School of Business, with supervision by Prof. Drew Creal. Bernd also obtained an M.Phil in Economics (2007) from Tinbergen Institute,
and an M.A. in Economics from Clark University, MA/USA (2005) while on a Fulbright Commission scholarship. As a first degree, Bernd
obtained a B.A. in Banking and Finance (2001) while studying at DHBW in Mannheim and working for Deutsche Bank AG (1998-2001),
focusing on wealth management/private banking and corporate clients/real estate financing.

DG-R FIR division