Dr. Thomas Haas

Research

Research interests: Macroeconomics, monetary macroeconomics, economic policy, financial system and growth, digital currencies, financial crises

Publications:

Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian. (2023). Credit as an Engine for Growth: A Monetary Explanation of the Chinese Growth Story from 1980 to 2020. Würzburg Economic Papers No. 107. Download

Bofinger, Peter and Haas, Thomas (2023). R-Star: A new approach to estimate the polar star of monetary policy. CEPR Discussion Paper, No. 18420 Download.
- Bofinger, Peter and Haas, Thomas (2023). R-star: An alternative approach to estimate the polar star of monetary policy. VoxEU Column Link Column.
- Bofinger, Peter and Haas, Thomas (2023). R-Star: A new approach to estimate the polar star of monetary policy. Würzburg Economic Papers No. 106. Download
Bofinger, Peter and Haas, Thomas (2023). The Digital Euro (CBDC) as a Monetary Anchor of the Financial System. SUERF Policy Note, Issue No. 309 Download.
- Featured in the Financial Times (May 16, 2023) Link to Article.
- Interview with Tagesschau (German Public Television Broadcaster) Link to Video.
Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian. (2023). Schumpeter’s insights for monetary macroeconomics and the theory of financial crises. Industrial and Corporate Change, 32(2), 573-603 Download.
- Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian. (2023). How monetary policy affects bank lending and financial stability: A ‘credit creation theory of banking’ explanation. VoxEU Column Link Column.
Beilner, Maximilian, Haas, Thomas, and Hess, Simon (2023). Digitales Zentralbankgeld aus rechtsökonomischer Perspektive. Wirtschafts- & Bankenrecht, WM 2023 Heft 3, 111 Download.

Geißendörfer, Lisa and Haas, Thomas (2022). Schumpeter in Practice: The Role of Credit for Industrial Policy in China. FMM Working Paper No. 85 Download.
- Presented at the 26th FMM Conference, October 2022 Conference Link
Bofinger, Peter and Haas, Thomas (2022). A Nobel Award for the Wrong Model. INET Blog Contribution Link Column.

Gutierrez, Juan and Haas, Thomas (2022). CBDC pilots and research, lessons for the digital euro. DEA Blog Contribution Link Column.

Ahlborn, Erik et al. (2022). Ahead of the digital euro: Public Digital Euro Working Group Recommendations. DEA Working Paper Download.

Ahlborn, Erik et al. (2022). Stablecoins: An introduction and recommendations for the EU. DEA Working Paper Download.

Bofinger, Peter and Haas, Thomas (2022). What business model for the Digital Euro? Lessons from Brazil and Switzerland? SUERF Policy Note, Issue No. 277 Download.

Bofinger, Peter and Haas, Thomas (2021). Central bank digital currencies: can central banks succeed in the marketplace for digital monies? CEPS/ECMI Working Paper Download CEPS Download ECMI.
- Best Paper Award at the CEPS/ECRI/ECMI call for papers on “The future of digital payments in the EU” Link.
- Presented at CEPS/ECRI/ECMI “The future of digital payments in the EU” event on December 9, 2021 Link.
Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian (2021). Discovering the True Schumpeter - New Insights into the Finance and Growth Nexus. CEPR Discussion Papers No. 16851 Download.
- Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian (2022). Discovering the ‘true’ Schumpeter: New insights on the finance and growth nexus. VoxEU Column Link Column.
- Bofinger, Peter, Geißendörfer, Lisa, Haas, Thomas, and Mayer, Fabian (2022). Discovering the True Schumpeter - New Insights into the Finance and Growth Nexus. Würzburg Economic Papers No. 102. Download.
Bofinger, Peter and Haas, Thomas (2021). CBDC: Where is the unique selling proposition? SUERF Policy Note, Issue No. 228 Download.

Bofinger, Peter and Haas, Thomas (2020). CBDC: Can central banks succeed in the marketplace for digital monies? CEPR Discussion Papers No. 15489 Download.
- Bofinger, Peter and Haas, Thomas (2021). Central bank digital currencies risk becoming a gigantic flop. VoxEU Column Link Column.
- Presented at "Regional Conference on Payments and Markets Infrastructures" by CEMLA (Colombia), June 2021 Conference Link
Bofinger, Peter and Haas, Thomas (2020). CBDC: A systemic perspective. Würzburg Economic Papers No. 101 Download