Mario Draghi and the Germans
Not only is German animus towards Mario Draghi misplaced, Peter Bofinger argues. His stewardship of the European Central Bank has been a boon for the largest eurozone economy.
Peter Bofinger
Libra: Facebook’s new currency fails the Hayek test
Libra means ‘balance’ in Latin. But Peter Bofinger argues that Facebook’s proposed cryptocurrency would be highly risky for holders and a giant enrichment programme for the company.
Industrial policy: is there a paradigm shift in Germany and what does this imply for Europe?
A paper from the German economy minister on a national industrial policy has gone down like a lead balloon. Peter Bofinger argues it needs to be reflated—and coloured green—at a European level.
Modern monetary theory: the dose makes the poison
Can government deficits be financed directly by central banks, as modern monetary theory suggests? The question should not be if but how much.
Time for a red shift from Germany’s ‘black zero’
For a decade there has been cross-party support in Germany for the balanced-budget rule. But in the first of a series of Social Europe columns on German economic debates, Peter Bofinger explains why the social democrats should abandon the ‘black zero’.
Why We Need Basket Eurobonds
The Euro area is suffering from insufficient macroeconomic stabilisation At the end of 2009 the unemployment rates of the Euro area and the United States