Photo of Kirstin Hubrich

Kirstin Hubrich

Education

  • Ph.D., Economics, Humboldt University Berlin
Current Research Topics
  • Financial markets and the macroeconomy
  • Inflation and nonlinearities
  • Principal Economist, Program Direction

    Board of Governors of the Federal Reserve System

    2019 - present
  • Chief, Prices and Wages

    Board of Governors of the Federal Reserve System

    2017 - 2019
  • Principal Economist

    Board of Governors of the Federal Reserve System

    2015 - 2017
  • Economist/Senior Economist/Principal Economist

    European Central Bank, Econometric Modelling / Financial Research Division

    2001 - 2015
  • Economist/Research Fellow

    Dutch Central Bank, Research Department

    1999 - 2001
  • The transmission of financial shocks and leverage of financial institutions: An endogenous regime switching framework
    Kirstin Hubrich and Daniel Waggoner
    Finance and Economics Discussion Series (2022)
    https://doi.org/10.17016/FEDS.2022.034
  • Forecasting US Inflation in Real Time
    Chad Fulton and Kirstin Hubrich
    Econometrics (2021)
    https://doi.org/10.3390/econometrics9040036
    See also » FRB Working Paper (2021)
  • Forecast Combination for Euro Area Inflation: A Cure in Times of Crisis?
    Kirstin Hubrich and Frauke Skudelny
    Journal of Forecasting (2017)
    https://doi.org/10.1002/for.2451
    See also » FRB Working Paper (2016)
  • Macroeconomic Implications of Oil Price Fluctuations: A Regime-Switching Framework for the Euro Area
    Fédéric Holm-Hadulla and Kirstin Hubrich
    Working paper series (European Central Bank) (2017)
    See also » FRB Working Paper (2017)
  • Forecast Combination for Euro Area Inflation: A Cure in Times of Crisis?
    Kirstin Hubrich and Frauke Skudelny
    Working paper series (European Central Bank) (2016)
    See also » FRB Working Paper (2016)
  • On the Importance of Sectoral and Regional Shocks for Price-Setting
    Guenter Beck, Kirstin Hubrich, and Massimiliano Marcellino
    Journal of Applied Econometrics (2016)
    https://doi.org/10.1002/jae.2490
  • Financial Stress and Economic Dynamics: The Transmission of Crises
    Kirstin Hubrich and Robert Tetlow
    Journal of Monetary Economics (2015)
    https://doi.org/10.1016/j.jmoneco.2014.09.005
    See also » FRB Working Paper (2013)
  • Discussion of 'Central Bank Macroeconomic Forecasting during the Global Financial Crisis: The European Central Bank and Federal Reserve Bank of New York Experiences'
    Kirstin Hubrich and Simone Manganelli
    Journal of Business & Economic Statistics (2014)
    https://doi.org/10.1080/07350015.2014.956874
  • A Predictability Test for a Small Number of Nested Models
    Eleonora Granziera, Kirstin Hubrich, and Hyungsik Roger Moon
    Journal of Econometrics (2014)
    https://doi.org/10.1016/j.jeconom.2014.04.016
  • Thresholds and Smooth Transitions in Vector Autoregressive Models
    Kirstin Hubrich and Timo Teräsvirta
    VAR Models in Macroeconomics – New Developments and Applications: Essays in Honor of Christopher A. Sims (Advances in Econometrics) (2013)
    https://doi.org/10.1108/S0731-9053(2013)0000031008
  • Thresholds and Smooth Transitions in Vector Autoregressive Models
    Kirstin Hubrich and Timo Teräsvirta
    CREATES Working Paper (2013)
  • Financial Shocks and the Macroeconomy: Heterogeneity and Non-linearities
    Kirstin Hubrich, Antonello D'Agostino, Marianna Červená, Matteo Ciccarelli, Paolo Guarda, Markus Haavio, Philippe Jeanfils, Caterina Mendicino, Eva Ortega, and Maria Teresa ValderramaMarianna Valentinyiné Endrész
    Occasional paper series (European Central Bank) (2013)
  • Comment on 'Global House Price Fluctuations: Synchronization and Determinants
    Kirstin Hubrich
    NBER International Seminar on Macroeconomics (2013)
  • A Predictability Test for a Small Number of Nested Models
    Eleonora Granziera, Kirstin Hubrich, and Hyungsik Roger Moon
    Working paper series (European Central Bank) (2013)
  • On the Importance of Sectoral and Regional Shocks for Price-Setting
    Gunter Beck, Kirstin Hubrich, and Massimiliano Marcellino
    CEPR Discussion Paper Series (2011)
  • On the Importance of Sectoral and Regional Shocks for Price-Setting
    Gunter W. Beck, Kirstin Hubrich, and Massimiliano Marcellino
    Working paper series (European Central Bank) (2011)
  • Forecasting Inflation with Gradual Regime Shifts and Exogenous Information
    Andres Gonzalez, Kirstin Hubrich, and Timo Terasvirta
    Working paper series (European Central Bank) (2011)
  • Combining Disaggregate Forecasts or Combining Disaggregate Information to Forecast an Aggregate
    David F. Hendry and Kirstin Hubrich
    Journal of Business & Economic Statistics (2011)
    https://doi.org/10.1198/jbes.2009.07112
  • Trade Consistency in the Context of the ESCB Projection Exercises - An Introduction
    Kirstin Hubrich and Karlsson Tohmas
    Occasional paper series (European Central Bank) (2010)
  • Forecast Uncertainty: Sources, Measurement and Evaluation
    Matteo Ciccarelli and Kirstin Hubrich
    Journal of Applied Econometrics (2010)
    https://doi.org/10.1002/jae.1179
  • Forecast Evaluation of Small Nested Model Sets
    Kirstin Hubrich and Kenneth D. West
    Journal of Applied Econometrics (2010)
    https://doi.org/10.1002/jae.1176
  • Combining Disaggregate Forecasts or Combining Disaggregate Information to Forecast an Aggregate
    David F. Hendry and Kirstin Hubrich
    Working paper series (European Central Bank) (2010)
  • Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the United States
    Guenter W. Beck, Kirstin Hubrich, and Massimiliano Marcellino
    Economic Policy (2009)
    https://doi.org/10.1111/j.1468-0327.2009.00214.x
  • Forecast Evaluation of Small Nested Model Sets
    Kirstin Hubrich and Kenneth D. West
    Working paper series (European Central Bank) (2009)
  • Forecast Evaluation of Small Nested Model Sets
    Kirstin Hubrich and Kenneth D. West
    NBER Working Paper Series (2008)
    https://doi.org/10.3386/w14601
  • Regional Inflation Dynamics within and across Euro Area Countries and a Comparison with the United States
    Gunter Beck, Kristin Hubrich, and Massimiliano Marcellino
    Working paper series (European Central Bank) (2006)
  • Forecasting Economic Aggregates by Disaggregates
    David F. Hendry and Kirstin Hubrich
    CEPR Discussion Paper Series (2006)
  • Forecasting Economic Aggregates by Disaggregates
    David F. Hendry and Kirstin Hubrich
    Working paper series (European Central Bank) (2006)
  • Forecasting Euro Area Inflation: Does Aggregating Forecasts by HICP Component Improve Forecast Accuracy?
    Kirstin Hubrich
    International Journal of Forecasting (2005)
    https://doi.org/10.1016/j.ijforecast.2004.04.005
  • Monetary Transmission in Germany: Lessons for the Euro Area
    Kirstin Hubrich and Peter Vlaar
    Empirical Economics (2004)
    https://doi.org/10.1007/s00181-003-0174-4
  • Forecasting Euro Area Inflation: Does Aggregating Forecasts by HICP Component Improve Forecast Accuracy?
    Kirstin Hubrich
    Working paper series (European Central Bank) (2003)
  • Performance of Core Inflation Measures
    Carsten K. Folkertsma and Kirstin Hubrich
    De Economist (2001)
    https://doi.org/10.1023/A:1014631118173
  • Cointegration Analysis in a German Monetary System
    Kirstin Hubrich
    Contributions to Economics (2001)
  • A Review of Systems Cointegration Tests
    Kirstin Hubrich, Helmut Lutkepohl, and Pentti Saikkonen
    Econometric Reviews (2001)
    https://doi.org/10.1081/ETC-100104936
  • Estimation of a German Money Demand System--A Long-Run Analysis
    Kirstin Hubrich
    Empirical Economics (1999)
    https://doi.org/10.1007/s001810050045
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: August 30, 2022