Stephan Bales

Stephan Bales is a Senior Economist at KfW, focusing on the U.S. economy and financial markets. They hold a doctoral degree in Finance, specializing in areas such as sovereign-bank risk contagion and the impact of media sentiment on asset prices. Stephan has teaching experience in portfolio management, investments, finance, macroeconomics, and monetary economics at both the bachelor and master levels. Their academic journey includes studies at institutions in San Diego, New York City, London, and Aarhus, enriching their global perspective on markets. Currently, they are engaged in multiple research roles across prestigious universities while contributing to economic analysis and forecasting at KfW.