Raphael Auer

Principal Economist at Bank For International Settlements

Raphael A. Auer is Principal Economist in the Innovation and Digital Economy unit of the Bank for International Settlements (BIS). He is a CEPR Research Fellow and president of the Central Bank Research Association, and holds a PhD in economics from MIT. Prior to joining the BIS, he was Deputy Head of International Trade and Capital Flows and Economic Advisor at the Swiss National Bank; as well as an associated research professor at the Konjunkturforschungsstelle of ETH. During 2009-10, he was a Globalization and Governance Fellow at Princeton University. His current policy work focuses on issues related to cryptocurrencies, stablecoins and central bank digital currency. His research interests also cover the interaction of international trade and macroeconomics, examining in particular how exchange rates pass through into domestic inflation and how the global production network gives rise to globally synchronized inflation dynamics.