Photo of Kirstin Hubrich

Kirstin Hubrich

Education

  • Ph.D., Economics, Humboldt University Berlin
Current Research Topics
  • Nonlinearities and inflation
  • Financial markets and the macroeconomy
  • Chief, Prices and Wages

    Board of Governors of the Federal Reserve System

    2017 - present
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - 2017
  • Senior Economist

    European Central Bank, Financial Research Division

    2011 - 2015
  • Senior Economist

    European Central Bank, Econometric Modelling Division

    2005 - 2011
  • Economist

    European Central Bank, Econometric Modelling Division

    2001 - 2004
  • Economist/Research Fellow

    Dutch Central Bank, Research Department

    1999 - 2001
  • Holm-Hadulla, Fédéric, and Kirstin Hubrich (2017). "Macroeconomic Implications of Oil Price Fluctuations: A Regime-Switching Framework for the Euro Area," Finance and Economics Discussion Series 2017-063. Board of Governors of the Federal Reserve System (U.S.).
  • Hubrich, Kirstin, and Frauke Skudelny (2017). "Forecast Combination for Euro Area Inflation: A Cure in Times of Crisis?" Journal of Forecasting, vol. 36, no. 5, pp. 515-540.
  • Hubrich, Kirstin, and Frauke Skudelny (2016). "Forecast Combination for Euro Area Inflation - A Cure in Times of Crisis?" Finance and Economics Discussion Series 2016-104. Board of Governors of the Federal Reserve System (U.S.).
  • Beck, Guenter, Kirstin Hubrich, and Massimiliano Marcellino (2016). "On the Importance of Sectoral and Regional Shocks for Price-Setting," Journal of Applied Econometrics, vol. 31, no. 7, pp. 1234–1253.
  • Hubrich, Kirstin, and Robert Tetlow (2015). "Financial Stress and Economic Dynamics: The Transmission of Crises," Journal of Monetary Economics, vol. 70, pp. 100-115.
  • Granziera, Eleonora, Kirstin Hubrich, and Hyungsik Roger Moon (2014). "A Predictability Test for a Small Number of Nested Models," Journal of Econometrics, vol. 182, no. 1, pp. 174-185.
  • Hubrich, Kirstin, and Simone Manganelli (2014). "Discussion of 'Central Bank Macroeconomic Forecasting during the Global Financial Crisis: The European Central Bank and Federal Reserve Bank of New York Experiences'," Journal of Business & Economic Statistics, vol. 32, no. 4, pp. 506-509.
  • Granziera, Eleonora, Kirstin Hubrich, and Hyungsik Roger Moon (2013). "A Predictability Test for a Small Number of Nested Models," Working Paper Series 1580. European Central Bank.
  • Hubrich, Kirstin (2013). "Comment on 'Global House Price Fluctuations: Synchronization and Determinants'," NBER International Seminar on Macroeconomics 2012. Chicago: University of Chicago Press, pp. 167-173.
  • Hubrich, Kirstin, and Timo Terasvirta (2013). "Thresholds and Smooth Transitions in Vector Autoregressive Models," in VAR Models in Macroeconomics--New Developments and Applications: Essays in Honor of Christopher A. Sims. Edited by Thomas B. Fomby, Lutz Kilian, and Anthony Murphy. Advances in Econometrics, vol. 32. Bingley, U.K.: Emerald; distributed by Turpin Distribution, Biggleswade, U.K., pp. 273-326.
  • Hubrich, Kirstin, Antonello D'Agostino, Marianna Červená, Matteo Ciccarelli, Paolo Guarda, Markus Haavio, Philippe Jeanfils, Caterina Mendicino, Eva Ortega, Maria Teresa Valderrama and Marianna Valentinyiné Endrész (2013). "Financial Shocks and the Macroeconomy: Heterogeneity and Non-linearities," Occasional paper series 143. European Central Bank.
  • Hubrich, Kirstin, and Robert Tetlow (2012). "Financial Stress and Economic Dynamics: The Transmission of Crises," Finance and Economics Discussion Series 2012-82. Board of Governors of the Federal Reserve System (U.S.).
  • Beck, Gunter, Kirstin Hubrich, and Massimiliano Marcellino (2011). "On the Importance of Sectoral and Regional Shocks for Price-Setting," CEPR Discussion Papers 8357. Centre for Economic Policy Research.
  • Gonzalez, Andres, Kirstin Hubrich, and Timo Terasvirta (2011). "Forecasting Inflation with Gradual Regime Shifts and Exogenous Information," Working Paper Series 1363. European Central Bank.
  • Hendry, David F., and Kirstin Hubrich (2011). "Combining Disaggregate Forecasts or Combining Disaggregate Information to Forecast an Aggregate," Journal of Business & Economic Statistics, vol. 29, no. 2, pp. 216-227.
  • Ciccarelli, Matteo, and Kirstin Hubrich (2010). "Forecast Uncertainty: Sources, Measurement and Evaluation," Journal of Applied Econometrics, vol. 25, no. 4, pp. 509-513.
  • Hendry, David F., and Kirstin Hubrich (2010). "Combining disaggregate forecasts or combining disaggregate information to forecast an aggregate," Working Paper Series 1155. European Central Bank.
  • Hubrich, Kirstin, and Karlsson Tohmas (2010). "Trade Consistency in the Context of the ESCB Projection Exercises - An Introduction," Occasional paper series 108. European Central Bank.
  • Hubrich, Kirstin, and Kenneth D. West (2010). "Forecast Evaluation of Small Nested Model Sets," Journal of Applied Econometrics, vol. 25, no. 4, pp. 574-594.
  • Beck, Guenter W., Kirstin Hubrich, and Massimiliano Marcellino (2009). "Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the United States," Economic Policy, vol. 24, no. 57, pp.142-184.
  • Hubrich, Kirstin, and Kenneth D. West (2008). "Forecast Evaluation of Small Nested Model Sets," NBER Working Papers 14601. National Bureau of Economic Research, Inc.
  • Beck, Gunter, Kristin Hubrich, and Massimiliano Marcellino (2006). "Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the US," Working Paper Series 681. European Central Bank.
  • Hendry, David F., and Kirstin Hubrich (2006). "Forecasting Economic Aggregates by Disaggregates," CEPR Discussion Papers 5485. Centre for Economic Policy Research.
  • Hubrich, Kirstin (2005). "Forecasting Euro Area Inflation: Does Aggregating Forecasts by HICP Component Improve Forecast Accuracy?" International Journal of Forecasting, vol. 21, no. 1, pp. 119-136.
  • Hubrich, Kirstin, and Peter Vlaar (2004). "Monetary Transmission in Germany: Lessons for the Euro Area," Empirical Economics, vol. 29, no. 2, pp. 383-414.
  • Hubrich, Kirstin (2003). "Forecasting Euro Area Inflation: Does Aggregating Forecasts by HICP Component Improve Forecast Accuracy?" Working Paper Series 247.
  • Folkertsma, Carsten K., and Kirstin Hubrich (2001). "Performance of Core Inflation Measures," De Economist, vol. 149, no. 4, pp. 455-508.
  • Hubrich, Kirstin (2001). Cointegration Analysis in a German Monetary System. Contributions to Economics. Heidelberg and New York: Physica.
  • Hubrich, Kirstin (1999). "Estimation of a German Money Demand System--A Long-Run Analysis," Empirical Economics, vol. 24, no. 1, pp. 77-99.
Conference Organization
  • June 2015 | Thessaloniki, Greece

    International Association of Applied Econometrics (IAAE), Annual Conference 2015

    Scientific Committee Member

  • December 2014 | ECB, Frankfurt am Main, Germany

    ECB-EABCN-FedAtlanta Conference "Non-linearities in macroeconomics and finance in light of crises"

    Scientific Committee Member

  • December 2014 | Barcelona, Spain

    EC2 conference

    Scientific Committee Member

  • October 2011 | EUI, Florence, Italy

    EABCN Conference "Econometrics of Macro-Financial Linkages"

    Scientific Committee Member

  • September 2011 | ECB, Frankfurt am Main, Germany

    ECB-WGEM Workshop "The role of non linear methods in empirical macroeconomics and forecasting"

    Scientific Committee Member

  • December 2009 | CREATES, Aarhus, Denmark

    EC2 conference "Real Time Econometrics"

    Scientific Committee Member

  • March 2008 | Cambridge, UK

    EABCN Workshop "Euro Area Data: Issues and Consequences"

    Scientific Committee Member

  • December 2007 | ECB, Frankfurt am Main, Germany

    5th Forecasting Technique Workshop "Forecast Uncertainty in Macroeconomics and Finance"

    Scientific Committee Member

  • September 2007 | Paris, France

    EABCN Workshop "Changes in Inflation Dynamics and Implications for Forecasting"

    Scientific Committee Member

  • December 2005 | ECB, Frankfurt am Main, Germany

    4th Forecasting Technique Workshop "Forecast Evaluation and Conditional Forecasts"

    Scientific Committee Member

  • September 2004 | Brussels, Belgium

    Euro Area Business Cycle Network (EABCN) Workshop "Recent Advances in Forecast Combination",

    Scientific Committee Member

Editor
  • Co-editor (joint with Tim Bollerslev and Matteo Ciccarelli), Journal of Applied Econometrics Special Issue on Forecast Uncertainty in Macroeconomics and Finance, 25(4), 2010
Referee
  • B.E. Journal of Macroeconomics
  • Economic Journal
  • Economics Bulletin
  • Economics Letters
  • Empirical Economics
  • European Economic Review
  • German Economic Review
  • International Journal of Central Banking
  • International Journal of Forecasting
  • Journal of Applied Econometrics
  • Journal of Business and Economic Statistics
  • Journal of Econometrics
  • Journal of Economic Surveys
  • Journal of Forecasting
  • Journal of International Money and Finance
  • Journal of Monetary Economics
  • Journal of Money, Credit and Banking
  • Macroeconomic Dynamics
  • Manchester School
  • Oxford Bulletin of Economics and Statistics
  • Quantitative Economics
  • Structural Change and Economic Dynamics
  • Studies in Nonlinear Dynamics & Econometrics
  • Review of Economics and Statistics
Professional Affiliation
  • Euro Area Business Cycle Network (EABCN) Scientific Committee, 2005 – 2009
  • Member Econometric Committee of the German Economic Association
  • Member Econometric Society
Last update: November 17, 2017