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Deutsch Intern
    Chair for Monetary Policy and International Economics

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    At the New Paradigm Workshop of the Forum New Economy, Prof. Bofinger gave a presentation on current inflation developments. The topic of the workshop, which took place in Berlin on May 24 and 25, was "New Roles for the State: Rethinking Government at the Turning of Ages." The panel, in which Prof Bofinger also participated, accordingly also dealt with the role of the state in combating the current elevated inflation rates ("Fighting Inflation - A Case for the Government?").

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    The policy paper by Prof. Bofinger and Thomas Haas discusses the current efforts of the European Central Bank to introduce a digital euro (CBDC). Instead of focusing on payment assets, the authors shift the focus on payment systems. The paper analyzes successful payment systems from Brazil and Switzerland that can serve as models for the design of a digital euro. Such a design of CBDCs could contribute to Europe's strategic sovereignty and provide added value for users.

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