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Michael Kühl

Michael Kühl

Team Lead, Euro area, Economic and Market Analysis

Michael Kühl joined the European Stability Mechanism (ESM) in January 2021 as a Senior Economist in the Economic and Market Analysis Division. He mainly covers euro area topics but also monitors developments in member states.
 
Prior to the ESM, Mr Kühl worked more than ten years in central banking. Before joining the ESM, he worked as a Senior Economist in the Forecasting and Policy Modelling Division at the ECB. He also worked several years at Deutsche Bundesbank in the Capital Markets Division of the Directorate General Economics.

Mr Kühl holds a doctoral degree from the University of Göttingen. His research focuses on monetary policy, macroeconomics and financial markets topics, especially macro-financial linkages. He has expertise in empirical and structural modelling and co-authored several peer-reviewed journal articles and policy contributions.

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My blog entries

Euro area
Labour market
Labour hoarding Blog Image 1540x1027
Economic and Market Analysis
Carmine Gabriele
Katarina Gumanova
Michael Kühl

Labour hoarding – euro area’s achilles heel?

Geoeconomic fragmentation
Trade flows
THE BUTTERFLY EFFECT OF GEOPOLITICAL CONFLICTS_Blog Image_1540x1027 Final
Economic and Market Analysis
Angela Capolongo
Michael Kühl

The butterfly effect of geopolitical conflicts

Firm profits
Profit margin
Inflation
Financial stability
Risks
Firms' profits cure or curse_520-347
Chief Economist Department
Economic and Market Analysis
Angela Capolongo
Michael Kühl
Vlad Skovorodov

Firms’ profits: cure or curse?