Steffen Murau

Dr. Steffen Murau is a Lecturer at the John F. Kennedy Institute of the Free University of Berlin and leads the Emmy Noether Research Group OBFA-TRANSFORM at the Global Climate Forum. His work focuses on the political economy of money and finance, particularly examining private credit money accommodation, the international monetary system, European Monetary Union dynamics, and macro-financial governance for large-scale transformations like the Green Transition.

• PhD in International Political Economy from City, University of London (2017)
• BSc in Economics from Ludwig-Maximilians-Universität München (2011)
• Magister Artium in Political Science, Philosophy, and International Law from LMU München (2012)

His research integrates critical macro-finance frameworks, analyzing monetary architectures as hierarchical balance sheet networks. Current projects explore off-balance-sheet fiscal agencies (OBFAs) in wars, reconstruction, and sustainability transitions, arguing that such entities combine fiscal and monetary functions to enable large-scale financing while facing inherent governance challenges.

Recent publications examine topics like the Green Transition's financial demands, TARGET system dynamics in EMU, and the politics of monetary sovereignty in a globalized credit money system. He has held postdoctoral positions at Harvard University, Boston University, and the Institute for Advanced Sustainability Studies, and taught at Ludwig-Maximilians-Universität München and City, University of London.