Germany scraps its debt brake, unleashing a 500-billion-euro investment plan that could transform infrastructure, defence, and economic growth.

In his lecture at the OFCE seminar, Prof. Peter Bofinger presented a Schumpeterian perspective on innovation as an alternative to traditional supply-side policies. His presentation also addressed the role of innovation, finance, and policy in overcoming economic stagnation.

European leaders are striving to reduce barriers to financial integration, yet the deeper challenge remains fragmented government bond markets