Peter Bofinger explains how inflation in the eurozone can be tempered without jeopardising recovery.
Instead of higher interest rates, Peter Bofinger urges lower VAT on energy and temporary suspension of the CO2 trading system.
Giving the public impression that inflation is ‘too low’, Peter Bofinger writes, is not a good look for the bank.
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.
Peter Bofinger contends that the economic impact of the pandemic has rendered obsolete the old eurozone fiscal rules.
A ‘helicopter money’ stimulus of direct payments to individuals, as in the US, would be neither well targeted nor transformatory in Europe.
Peter Bofinger identifies the cryptocurrency’s Achilles heel.
Without major reform of the EU fiscal framework, Peter Bofinger argues, public investment will be insufficient in the wake of the pandemic.
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.
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.