Archive

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

Professor Bofinger takes a critical look at the political debate on measures to implement a European capital-markets union.

Peter Bofinger explains what lies behind the conflict within Germany’s Ampelkoalition on economic policy.

The panel discusses retail CBDCs, covering their use cases, implementation, and the status and future of the digital euro. They explore payment experiences, benefits for central banks and users, cross-border applications, innovative blockchain uses, and possible implementation challenges.

Co-author Jérôme Creel from the Paris-based OFCE discussed the results of a new Forum New Economy Working Paper with Peter Bofinger in our New Economy Short Cut: “Lessons from the inflation shock: A new paradigm for central banks and governments?” on 26 March 2024.

Europe needs massive investment, Peter Bofinger writes. Yet the ECB’s restrictive monetary stance means it is set to fall this year.

The austerity package stemming from an adverse Constitutional Court ruling, Peter Bofinger writes, defies logic.

Prof. Bofinger was part of a panel discussion at the CEPS Round Table in Brussels discussing the future of the Digital Euro. The report, ‘A digital euro beyond impulse – think twice, act once’, which Prof. Bofinger and Thomas Haas contributed to, was presented and debated in a panel session. The report puts forward recommendations on what is necessary to be done prior to making the final decision over whether to issue a digital euro, as well as the approach to be followed once such a decision has been made.

Prof. Bofinger and Thomas Haas contributed to the development of the new CEPS publication by Thomadakis, Lannoo and Shamsfakhr. They emphasize the digital euro must provide clear benefits to both consumers and merchants in the EU in order to gain acceptance. Also planners should carefully ensure the minimization of crowding out European private solutions to ensure a functioning European payments market.

Germany is indeed ‘sick’, Peter Bofinger writes—but not for the reason most commentators think.

In the midst of the current debate regarding adjustments in determining the natural rate of interest, Prof. Bofinger and Thomas Haas propose a simpler method. Their approach yields comparable results to existing studies and provides some explanation for the American monetary policy over the last 60 years.

Asserting the need for further interest-rate rises, Peter Bofinger writes, is not the same as evidencing them.

Europe’s central bank is pushing ahead with the development of electronic currency even as politicians question its purpose.