Stefan Gerlach was appointed Deputy Governor (Central Banking) in September, 2011. Prior to joining the Bank, he served as Professor of Monetary Economics and Managing Director of the Institute for Monetary and Financial Stability at the University of Frankfurt, as CEPR Research Fellow and a Fellow of the CFS. He has served as Head of Secretariat to the Committee on the Global Financial System at the Bank for International Settlements (BIS), as Executive Director (Research) at the Hong Kong Monetary Authority and Director of the Hong Kong Institute for Monetary Research. Before joining the Hong Kong Monetary Authority, he was a staff economist at the BIS.

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The term structure and recessions before the Fed
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- Economic history 
- Monetary Policy

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The dollar-euro exchange rate, 2016-2018
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- Exchange Rates

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Economic conditions and ECB interest rate increases
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- EU institutions 
- Macroeconomic policy

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The Swiss Phillips curve, 1916-2015
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- Monetary Policy

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Learning from dots: A Rorschach Test for US monetary policy
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- Monetary Policy