Marcel Fratzscher is President of DIW Berlin, one of the leading economic research institutes and think tanks in Europe, and Professor of Macroeconomics and Finance at Humboldt-University Berlin.


His prior professional experience includes work as Head of the International Policy Analysis at the European Central Bank (ECB), where he worked from 2001 to 2012; the Peterson Institute for International Economics in 2000-01; before and during the Asian financial crisis in 1996-98 at the Ministry of Finance of Indonesia for the Harvard Institute for International Development (HIID); and shorter periods at the Asian Development Bank, the World Bank and in various parts of Asia and Africa.


He received a Ph.D. in Economics from the European University Institute (EUI); a Master of Public Policy from Harvard University's John F. Kennedy School of Government; a B.A. in Philoso­phy, Politics, and Economics (PPE) from the University of Oxford, and a Vordiplom in Economics from Kiel University. He is a European citizen, having grown up and having obtained his primary and secondary education in Germany.

What's new

Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls , (with K. Forbes, T. Kostka and R. Straub), NBER Working Paper No. 18052.


Oil Prices, Exchange Rates and Asset Prices , (with D. Schneider and I. Van Robays), mimeo December 2012.


A global monetary tsunami? On the spillovers of US Quantitative Easing , (with M. Lo Duca and R. Straub), CEPR Discussion Paper No. 9195, October 2012.


The Pricing of Sovereign Risk and Contagion during the European Sovereign Debt Crisis , (with J. Beirne), October 2012.


Capital Flows, Push versus Pull Factors and the Global Financial Crisis , NBER-Sloan project on the Global Financial Crisis, Journal of International Economics .


Global crises and equity market contagion , (with G. Bekaert, M. Ehrmann and A. Mehl), NBER Working Paper No. 17121, revise and resubmit  Journal of Finance .

Research & Policy

Disclaimer: This is my personal homepage, and any views expressed here are my own and do not necessarily reflect those of DIW Berlin or any other institution I am affiliated with.