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Research Director

Prof. Dr. Lena Dräger

Research Director

Prof. Dr. Lena Dräger

Research Center

Lena Dräger is Professor of Money and International Finance at the Leibniz University Hannover and Head of the Research Group Monetary Macroeconomics at the Kiel Institute for the World Economy. Previously, she was Visiting Professor at the Johannes-Gutenberg University Mainz and Assistant Professor at the University of Hamburg. Lena Dräger holds a PhD in Economics from the ETH Zurich.

Her research focuses on questions in monetary macroeconomics, in particular questions related to monetary policy, central bank communication and the formation of macroeconomic expectations by households, firms and experts. Her research also covers questions related to behavioral macroeconomics, such as the role of economic preferences or macroeconomic literacy for the formation of inflation expectations, and questions related to household finance, such as the role of inflation for consumption or long-term investment decisions. These questions are frequently analyzed using microdata from customized surveys as well as survey or lab experiments. She has been a visiting researcher at the Federal Board of Governors, the Bank of Finland, the New York Fed, the University of Texas at Austin and Macquarie University, Sydney. Her teaching covers topics related to monetary macroeconomics from the undergraduate to the PhD level.

Topics

Monetary PolicyEuropean Union & Euro

Main research interests

  • Behavioral macroeconomics
  • Formation of macroeconomic expectations
  • Monetary policy
  • Central bank communication
  • Surveys and survey experiments
  • Financial and macroeconomic literacy
  • Monetary Macroeconomics
  • Household Finance

Lena Dräger is Professor of Money and International Finance at the Leibniz University Hannover and Head of the Research Group Monetary Macroeconomics at the Kiel Institute for the World Economy. Previously, she was Visiting Professor at the Johannes-Gutenberg University Mainz and Assistant Professor at the University of Hamburg. Lena Dräger holds a PhD in Economics from the ETH Zurich.

Her research focuses on questions in monetary macroeconomics, in particular questions related to monetary policy, central bank communication and the formation of macroeconomic expectations by households, firms and experts. Her research also covers questions related to behavioral macroeconomics, such as the role of economic preferences or macroeconomic literacy for the formation of inflation expectations, and questions related to household finance, such as the role of inflation for consumption or long-term investment decisions. These questions are frequently analyzed using microdata from customized surveys as well as survey or lab experiments. She has been a visiting researcher at the Federal Board of Governors, the Bank of Finland, the New York Fed, the University of Texas at Austin and Macquarie University, Sydney. Her teaching covers topics related to monetary macroeconomics from the undergraduate to the PhD level.

  • Statement

    18.12.2025

    The ECB's wait-and-see monetary policy is consistent

  • Statement

    10.12.2025

    Another Fed interest rate cut increases inflation risks

  • Statement

    30.10.2025

    ECB takes a wait-and-see approach

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Research Center & Groups

  • Research Group

    Firms, Finance and the Macroeconomy

  • Research Center

    Macroeconomics

  • Research Group

    Monetary Macroeconomics