The austerity package stemming from an adverse constitutional Court ruling, Peter Bofinger writes, defies logic.
Germany is indeed ‘sick’, Peter Bofinger writes—but not for the reason most commentators think.
Asserting the need for further interest rate rises, Peter Bofinger writes, is not the same as evidencing them.
The bank was mismanaged but its collapse, Peter Bofinger writes, reveals a system of regulation with as many holes as a Swiss cheese.
A Schumpeterian perspective provides new insights for fiscal policy in Europe, Peter Bofinger writes.
Peter Bofinger argues that on the ‘digital euro’ the European Central Bank has dug itself into a hole it would do best to vacate.
Peter Bofinger questions last week’s award of a prestigious economics prize to an orthodox school which could not anticipate the 2008 crash.
Peter Bofinger argues that state guarantees of loans to households could cushion the price shock at negligible cost.
Peter Bofinger explains how inflation in the eurozone can be tempered without jeopardising recovery.
Instead of higher interest rates, Peter Bofinger urges lower VAT on energy and temporary suspension of the CO2 trading system.
Giving the public impression that inflation is ‘too low’, Peter Bofinger writes, is not a good look for the bank.
Peter Bofinger recognises the compromises necessary for a three-party government but regrets the lack of vision to face a decade of huge challenges.
Peter Bofinger argues that the ECB strategy review represents a missed opportunity.
Peter Bofinger contends that the economic impact of the pandemic has rendered obsolete the old eurozone fiscal rules.
A ‘helicopter money’ stimulus of direct payments to individuals, as in the US, would be neither well targeted nor transformatory in Europe.
Peter Bofinger identifies the cryptocurrency’s Achilles heel.
Without major reform of the EU fiscal framework, Peter Bofinger argues, public investment will be insufficient in the wake of the pandemic.
Peter Bofinger argues the incoming president must abjure the mercantilist language of his predecessor in favour of a progressive response to globalisation.
Peter Bofinger argues that large-scale injections of money to bring economies out of the coronavirus coma have vindicated Modern Monetary Theory.
Peter Bofinger argues that regionally-differentiated minimum wages should be considered for the post-coronavirus period.
Peter Bofinger warns especially German inflation-phobes that deflation is a greater downside risk in the aftermath of the pandemic.