News

In their recent CEPR discussion paper, Felix Betz, Peter Bofinger, Jonas Dix and Leonie Streit present a novel method to identify monetary policy shocks. Using different LLMs, they assess a large database of newspaper articles to classify every ECB policy decision either as expected or as a surprise. The resulting aggregated surprise series aligns well with established methods but provides new insights regarding the nature of the surprise.

Spain's heretical VAT cut tames inflation—a model for Europe as Trump's tariffs and Middle East shocks bite.

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.