Archive

Prof. Bofinger pursues this current and exciting question in his current article for the Wirtschaftsdienst (issue 11, November 2020). He discusses both real economic and monetary aspects in the light of crisis policy and the changes that the pandemic will bring about in the medium or long term.

Peter Bofinger argues the incoming president must abjure the mercantilist language of his predecessor in favour of a progressive response to globalisation.

Peter Bofinger argues that large-scale injections of money to bring economies out of the coronavirus coma have vindicated Modern Monetary Theory.

Peter Bofinger argues that regionally-differentiated minimum wages should be considered for the post-coronavirus period.

Peter Bofinger warns especially German inflation-phobes that deflation is a greater downside risk in the aftermath of the pandemic.

Peter Bofinger argues that additional loans of inadequate amount do not add up to a rescue package which can save Europe from the coronavirus crisis.

All courses in the summer term 2020 lectured by the chair for monetary policy will go ahead as scheduled.

Peter Bofinger argues MMT provides intellectual justification for a ‘whatever it takes’ fiscal response to potentially the biggest global postwar economic challenge

Keynes recognised the key role of the financial system in modern capitalist economies and Peter Bofinger argues the 2008 crisis must bring the demise of neoclassical economics—which still doesn’t.

It’s not so much that what the European Central Bank is doing is wrong as that it is not framing public understanding. The next ECB strategy, writes Peter Bofinger, should do so.

Peter Bofinger argues that introducing central-bank digital currencies would need to be subject to very careful consideration.

Not only is German animus towards Mario Draghi misplaced, Peter Bofinger argues. His stewardship of the European Central Bank has been a boon for the largest eurozone economy.

Libra means ‘balance’ in Latin. But Peter Bofinger argues that Facebook’s proposed cryptocurrency would be highly risky for holders and a giant enrichment programme for the company.

A paper from the German economy minister on a national industrial policy has gone down like a lead balloon. Peter Bofinger argues it needs to be reflated—and coloured green—at a European level.

Can government deficits be financed directly by central banks, as modern monetary theory suggests? The question should not be if but how much.