Archive

Instead of higher interest rates, Peter Bofinger urges lower VAT on energy and temporary suspension of the CO2 trading system.

Even 15 years after the outbreak of the Great Financial Crisis, economists are finding it difficult to incorporate the risk of renewed turbulence into their standard models. Few were as quick to criticize this as economist and author of the popular book “Debunking Economics” Steve Keen.

In his presentation at the FEPS-FABIAN New Year Conference, Prof. Bofinger discusses the high energy prices and the high inflation rates resulting from them.

Giving the public impression that inflation is ‘too low’, Peter Bofinger writes, is not a good look for the bank.

The paper "CBDC: Can central banks succeed in the marketplace for digital monies?" by Professor Peter Bofinger and Thomas Haas was selected as best paper in a joint call for papers by CEPS (Centre for European Policy Studies), ECRI (European Credit Research Institute) and ECMI (European Capital Markets Institute).

Prof. Bofinger discussed Mankiw's economics textbook at the Young Scholars Initiative of INET.

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.

Next Wednesday, June 2, Prof. Bofinger will welcome Prof. Dr. Veronika Grimm, member of the German Council of Economic Experts and professor at the Friedrich-Alexander-University Erlangen-Nuremberg, in a new online IEP Lecture starting at 2:00 pm (CET).

When Facebook unveiled its Libra project to the public in June 2019, it startled banks, central banks and politicians. Could Facebook use it to supplant government currencies? Would central banks end up losing control of the monetary system? 

A ‘helicopter money’ stimulus of direct payments to individuals, as in the US, would be neither well targeted nor transformatory in Europe.

Peter Bofinger contends that the economic impact of the pandemic has rendered obsolete the old eurozone fiscal rules.

The chair offers the new subject "European Macroeconomics" for Bachelor students in the coming semester. The module will be offered exclusively online.

The policy note by Prof. Bofinger and Thomas Haas shows that CBDC is not needed for financial inclusion in developing countries. Mobile money services like M-Pesa, based on mobile phone networks, do already a good job which cannot easily be paralleled by central banks.

In an article for the Frankfurter Allgemeine Sonntagszeitung (FAS), Prof. Bofinger critically assesses the ECB's plans for a digital euro.