News

Germany's faith in free markets has left it squeezed between China and America — but a defence-spending loophole offers unexpected hope.

In this study, Prof. Bofinger evaluates the payment-system potential of stablecoins, explains why bond-backed designs are especially compelling, and clarifies why the proposed Digital Euro cannot serve as an equivalent alternative.

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

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.