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Research Interests

Macroeconomics, monetary policy and behavioral economics, with a special interest in central bank transparency


"Monetary Policy Transparency", in: Jens Forssbæck and Lars Oxelheim (eds., 2014), The Oxford Handbook of Economic and Institutional Transparency, chapter 3, Oxford University Press [Working paper]

"Transparency, Flexibility and Macroeconomic Stabilization", in: Pierre Siklos and Jan-Egbert Sturm (eds., 2013), Central Bank Communication, Decision-Making and Governance - The Issues, Challenges, and Case Studies, chapter 3, CESifo and MIT Press [extended version]

"Review of IMF Research on Monetary Policy Frameworks" (with Kenneth Kuttner and Refet Gürkaynak), IEO Background Paper BP/11/02, May 2011 [for IMF Independent Evaluation Office (IEO) Evaluation Report "Research at the IMF: Relevance and Utilization", 2011; press release]

"Talking Numbers: Central Bank Communications on Monetary Policy and Financial Stability", in: European Central bank (2011), Central Bank Statistics - What Did the Financial Crisis Change?, proceedings of the Fifth ECB Conference on Statistics, pp. 162-179.

"Price and Financial Stability: Dual or Duelling Mandates?", in: Oesterreichische Nationalbank (2010), Central Banking after the Crisis, proceedings of the 38th Economics Conference of the Oesterreichische Nationalbank "Central banking after the crisis: Responsibilities, Strategies, Instruments", pp. 56-63.

Full List of Publications>>

Recent Activities

Cambridge’s Economics and Econometrics recognised in REF 2021
The results from the latest Research Excellence Framework (REF) have highlighted the global impact of the University of Cambridge’s research in the field of economics, with an acknowledgement of the world leading quality of our overall research submission marked by both an increase in GPA, and an increase in the percentage of the submission scored as ‘world leading’.
Published on - Thursday 12th May 2022

Monetary Policy in a High Inflation and Volatile Environment - Video
Dr Petra Geraats gave a presentation on "Taking the Right Path: Monetary Policy in a High Inflation and Volatile Environment" at an event organised by the Resolution Foundation and the Money, Macro and Finance Society.
Published on - Tuesday 10th May 2022

Monetary Dialogue Preparatory Meeting - Video
Dr. Petra Geraats gave an invited presentation on the ECB's revised inflation target and strategy at the meeting of the European Parliament Committee on Economic and Monetary Affairs (ECON).
Published on - Friday 12th November 2021

Monetary Policy in Times of Crisis – A Tale of Two Decades of the European Central Bank
Dr. Petra Geraats was a discussant at the online event "European monetary policy: lessons from the past two decades", organised by the independent European think tank Bruegel.
Published on - Monday 8th November 2021

Why Communications Should be Transparent
Dr Petra Geraats outlines her work on a new code for transparency, in a call for openness published by the International Monetary Fund.
Published on - Tuesday 23rd March 2021


PIIA Paper 2 - Lent - International Macroeconomics
PIIA Paper 2 - Lent - Monetary Economics
PIIB Paper 2 - Michaelmas - Macroeconomic Policy
MPhil E200 - Macroeconomics

PhD Students


Gerardo Baldo
PhD Title:
Research: Macroeconomics, Asset Price Bubbles, Monetary policy, Macro-finance

Dr Petra Geraats

University Associate Professor

Research Group:

CV: Curriculum Vitae

Contact Details
Room: 65
Office Hours: Tuesdays 2:30-3:30pm during Full Term
College: Fellow of St John's College