Wolfgang Lemke – Economist

Welcome to my website! I am an economist working as Head of the Capital Markets/Financial Structure Division in the Directorate General Monetary Policy of the European Central Bank. Prior to joining the ECB, I have been an Economist in the Economics department of Deutsche Bundesbank.

I hold a PhD (Dr. rer. pol.) and an MA (Dipl.-Volkswirt) in economics from Bielefeld University. My research focuses on financial markets, monetary macroeconomics and applied econometrics, and my work has been published in refereed journals.

NEWS (more or less over the last 6 months)

  • 19 August 2025 – Paper  “Estimating the Natural Rate of Interest in a Macro-Finance Yield Curve Model” (with Brand and Goy), accepted for publication at Journal of Business & Economic Statistics
  • 4 April 2025 – Paper  “An options-based impact study of the negative interest rate policy and forward guidance” (with Rostagno, Altavilla, Carboni, Motto and Saint-Guilhem), forthcoming at Journal of Monetary Economics
  • 2 April 2025 –  Chaired the sessionon “Does AI matter for monetary policy” at the ECB conference “The transformative power of AI: economic implications and challenges” (see YouTube Video)

This is my private website. The views expressed here are my own and do not necessarily reflect those of the European Central Bank or the Eurosystem.

Last update: 19 August 2025