Jan Willem van den End

Short bio

Jan Willem van den End joined DNB as an economist at the Financial Stability division and is currently principal economist in the Economics and Research division. He is an associate professor of Finance at the Vrije Universiteit Amsterdam.

Education

2011 – Ph.D. Economics, University of Groningen
2009 – FRM, Global Association of Risk Professionals
1994 – M.Sc. Economics, Free University, Amsterdam

Research interests

• Macro finance
• Monetary transmission
• Fundamental uncertainty

Working papers

See my Repec page

Publications in refereed journals

Jan Willem van den End (2024), Effects of QE on sovereign bond spreads through the safe asset channel, International Journal of Finance and Economics, forthcoming. Download

Francesco Paolo Mongelli, Wolfgang Pointner and Jan Willem van den End (2023), The effects of climate change on the natural rate of interest: a critical survey, WIREs Climate Change, 15(2). Download

Jan Willem van den End, Paul Konietschke, Anna Samarina and Irina Stanga (2023), Macroeconomic reversal rate in a low interest rate environment, International Journal of Central Banking, forthcoming.

Dirk Broeders, Leo de Haan and Jan Willem van den End (2023), How quantitative easing changes the nature of sovereign risk, Journal of International Money and Finance 137, 102881. Download

Jan Marc Berk and Jan Willem van den End (2022), Excess liquidity and the usefulness of the money multiplier, Credit and Capital Markets 55(4), 457–488. Download

Jan Willem van den End and Yakov Ben-Haim (2022), Assessing uncertainty in the natural rate of interest: Info-gap as guide for monetary policy in the euro area, International Journal of Finance and Economics 27(3), 3228-3245. Download

Jan Willem van den End and Stephanie Titzck (2021), The impact of size, composition and duration of the central bank balance sheet on inflation expectations and market prices, The European Journal of Finance 27(3), 1-24. Download

Leo de Haan, Sarah Holton and Jan Willem van den End (2021), The impact of central bank liquidity support on banks’ sovereign exposures, Applied Economics 53(15), 1788–1806. Download

Jan Willem van den End (2019), Applying complexity theory to interest rates: Evidence of critical transitions in the euro area, Credit and Capital Markets 52(1), 1-33. Download

Jan Willem van den End (2018), Diminishing returns of QE from portfolio rebalancing, The Journal of Investing 27(4), 106-111. Download

Jan Willem van den End, Maria Demertzis en Yakov Ben-Haim (2018), Evaluating monetary policy rules under fundamental uncertainty: an info-gap approach, Economic Modelling 73, 55-70. Download

Marco Hoeberichts and Jan Willem van den End (2018), Low real rates as driver of secular stagnation: empirical assessment, Japan and the World Economy 46, 29-40. Download

Leo de Haan and Jan Willem van den End (2018), The signalling content of asset prices for inflation: Implications for Quantitative Easing, Economic Systems, 42(1), 45-63. Download

Jan Willem van den End and Christiaan Pattipeilohy (2017), Central bank balance sheet policies and inflation expectations, Open Economies Review 28(3), 499–522. Download

Leo de Haan, Jan Willem van den End and Philip Vermeulen (2017), Lenders on the storm of wholesale funding shocks: Saved by the central bank?, Applied Economics 49(46), 4679-4703. Download

Jan Willem van den End (2016), A macroprudential approach to address liquidity risk with the Loan-to-Deposit ratio, European Journal of Finance 22(3), 237-253. Download

Jan Willem van den End, Jakob de Haan, Ide Kearney (2015), Quantitative easing (QE) in the Euro area, ZSE Zeitschrift für Staats- und Europawissenschaften 13, 87-98. Download

Jan Willem van den End (2015), Quantitative easing tilts the balance between monetary and macroprudential policy, Applied Economics Letters 23(10), 743-746. Download

Leo de Haan, Jeroen Hessel and Jan Willem van den End (2014), Are European sovereign bonds fairly priced? The role of modelling uncertainty, Journal of International Money and Finance 47, 239-267. Download

Jan Willem van den End (2014), The break-down of the money multiplier at the zero lower bound, Applied Economics Letters 21(13), 875-877. Download

Leo de Haan and Jan Willem van den End (2013), Bank liquidity, the maturity ladder, and regulation, Journal of Banking and Finance 37(10), 3930-3950. Download

Leo de Haan and Jan Willem van den End (2013), Banks’ responses to funding liquidity shocks: Lending adjustment, liquidity hoarding and fire sales, Journal of International Financial Markets, Institutions & Money 26, 152-174. Download

Jan Willem van den End (2013), Statistical evidence on the mean reversion of interest rates, The Journal of Investment Strategies 2(3), 91-122. Download

Jan Willem van den End and Mark Kruidhof (2013), Modelling the liquidity ratio as macroprudential instrument, Journal of Banking Regulation 14(2), 91-106. Download

Jan Willem van den End (2012), Liquidity stress-tester: do Basel III and unconventional monetary policy work?, Applied Financial Economics 22(15), 1233-1257. Download

Jan Willem van den End and Mostafa Tabbae (2012), When liquidity risk becomes a systemic issue: Empirical evidence of bank behaviour, Journal of Financial Stability 8(2), 107-120. Download

Jan Willem van den End (2010), Liquidity Stress-Tester: A Model for stress-testing banks' liquidity risk, CESifo Economic Studies 56(1), 38-69. Download

Jan Kakes and Jan Willem van den End (2004), Do stock prices affect house prices? Evidence for the Netherlands, Applied Economics Letters 11(12), 741-744. Download

Publications in books

Jan Willem van den End, Iman van Lelyveld and Stefan W. Schmitz (2015), Putting liquidity risk management into a wider context, in: C. Bonner, P. Hilbers and I. Van Lelyveld (eds.), Managing Liquidity Risk: The LCR and Beyond, Risk books, 215-238.

Jan Willem van den End (2014), Financial cycles and macroprudential policy, in: E. Nowotny, D. Ritzberger-Grünwald and P. Backé (eds.), Financial Cycles and the Real Economy: Lessons for CESEE Countries, Edward Elgar, 293-301. Download

Jakob de Haan, Jan Willem van den End, Christiaan Pattipeilohy, Mostafa Tabbae and Jon Frost (2013), Unconventional monetary policy of the ECB during the financial crisis: An assessment and new evidence, in: SUERF 50th Anniversary volume, 50 Years of Money and Finance - Lessons and Challenges, Larcier Group, 117-155. Download 

Jan Willem van den End (2011), Credit and liquidity risk of banks in stress conditions: Analyses from a macro perspective, Nextprint. Download  

Peter van Els, Jan Willem van den End and Maarten van Rooij (2005),Financial behaviour of Dutch households: analysis of the DNB Household Survey 2003, in: Bank for International Settlements (ed.), Investigating the relationship between the financial and real economy, 22, 21-39. Download

Other publications

Yakov Ben-Haim and Jan Willem Van den End (2021), Robust Policy in Times of Pandemic, Intereconomics 56(2), 108–112. Download

See my publications in Economisch Statistische Berichten, SUERF and VoxEU.

Latest update: May 2024