Expertise > Central Banks

Central banks differ in their objectives, the tools they use to implement monetary policy as well as in their practice to manage reserves.

At the Swiss National Bank, Marlene acted as Deputy Director and Head of Investment Strategy and Financial Market Analysis (2006-2011) and as Senior Economist in the Research Department (2002-2004). Previously, she worked as Resident Visiting Scholar at the Federal Reserve Bank of New York (2004/05). Since 2012, she is Regional Adviser and Asset Management Representative at the Bank for International Settlements (BIS) in Hong Kong and works closely with the 11 Asian Central Banks in EMEAP.

Broad International Central Bank Experience

Working Relations with Swiss National Bank ◦ Fed New York ◦ People’s Bank of China/SAFE ◦ Reserve Bank of Australia ◦ Hong Kong Monetary Authority ◦ Bank Indonesia ◦ Bank of Japan ◦ Bank of Korea ◦ Bank Negara Malaysia ◦ Reserve Bank of New Zealand ◦ Bangko Sentral ng Pilipinas ◦ Monetary Authority of Singapore ◦ Bank of Thailand

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Implementation of Monetary Policy

Research and publications on different central banks’ practices of monetary policy implementation

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Central Bank Communication

Internationally recognized presenter to governing and deputy governing board members of central banks ◦ contributed with her team to more than 40 speeches of SNB governing board members from 2002 to 2011

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Teaching and Seminars

Marlene is internationally recognized for her broad experience in central banking, asset management and financial market institutions. She teaches monetary policy, financial markets and financial institutions at the University of Bern.

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Inflation Cycle Indicators

Developed inflation indicators for policy makers and investors ◦ co-creator of “Federal Reserve Bank of New York Staff Underlying Inflation Gauge” (UIG) for in/-deflationary trends in the US ◦ joint work with Peoples Bank of China on Underlying inflation in China ◦ developed inflation indicator for Switzerland (DFI) ◦ results are published in international peer-reviewed journals ◦ indicators are regularly updated and used by Fed NY, PBoC and SNB.

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