Michael Ehrmann is Head of the Monetary Policy Research Division in the ECB's Directorate General Research, and CEPR Research Fellow. Previously, he worked as Director in the International Department and as Head of Research at the Bank of Canada and held various positions at the ECB, including Head of the Financial Research Division. His research covers central bank communication, monetary policy transmission, international finance, and household finance. It has been published in leading academic journals, including the Journal of Finance and the Review of Economics and Statistics. He holds a PhD in Economics from the European University Institute in Florence, Italy.