Michael D. Bauer

Michael D. Bauer

Professor of Economics

Universität Hamburg

Welcome to my website! I am a Professor of Economics at Universität Hamburg, and a research fellow at CEPR, CESifo, and the IMFS. I am currently on leave from the Federal Reserve Bank of San Francisco.

My research focuses on the role of financial markets for the macroeconomy, monetary policy, and climate change. I am particularly interested in understanding the effects of monetary policy on the yield curve and asset prices—including monetary policy surprises, forward guidance, monetary policy communication, quantitative easing, monetary policy uncertainty, and risks to the economic outlook. More recently I’ve been working on social discount rates, the social cost of carbon and climate finance.

CV 🔹 Uni Hamburg Website 🔹 SF Fed Website 🔹 Google Scholar 🔹 Twitter 🔹 LinkedIn 🔹 RePeC 🔹 SSRN

  • Monetary Economics
  • Financial Economics
  • Climate Finance
  • Ph.D. in Economics, 2010

    University of California, San Diego

  • M.A. in Quant. Economics and Finance, 2005

    University of St. Gallen, Switzerland

  • B.A. in Economics, 2003

    University of St. Gallen, Switzerland

Current Work

Perceptions about Monetary Policy
with Carolin Pflueger and Adi Sunderam, NBER Working Paper, December 2022.

Climate Policy Curves: Linking Policy Choices to Climate Outcomes
with Martin Hänsel, Moritz Drupp, Gernot Wagner and Glenn Rudebusch, CEPR Discussion Paper, November 2022.

Identifying Green Stocks using Climate Policy Announcements
with Eric Offner and Glenn Rudebusch.

Changes in the Green Bond Premium
with Kerstin Lopatta, Thomas Tammen, and Ole Wilms.


UHH Seminar “Quantitative Economics”

The seminar “Quantitative Economics” is a weekly research seminar at Universität Hamburg. The focus is on empirical and quantitative research in macroeconomics, finance and international economics. Currently, during the summer semester 2022, we are having both in-person (hybrid) and digital presentations.
More information here.

Virtual Seminar on Climate Economics

The Virtual Seminar on Climate Economics is an online seminar series open to everyone interested in research on the economics of climate change.
More information here.