Articles
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New Paradigm Quick & New: Washington consensus 2.0?
The Washington consensus has for long time been the symbol of market liberalism. Now, there may be a „new Washington consensus“, writes Martin Sandbu from the Financial Times based on what the International Monetary Fund and the World Bank argue in recent publicatioins around their traditional spring meetings.
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Corona Crisis Servaas Storm: Austerity raises Covid deaths
So far, the Covid-19 pandemic has caused almost three million deaths worldwide. Have austerity measures made the pandemic worse? According to Servaas Storm, the answer to this question is clear.
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New Paradigm Is the race to the bottom of corporate taxation finally coming to an end?
Yellen's call this week for global minimum corporate tax buries a weighty part of the old paradigm - the unhealthy tax competition between states.
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New Paradigm Interview with Larry Kramer: The Road to Paradigmatic Change
We discussed with Larry what it takes to create a new paradigm and whether the new US administration will turn things around.
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New Paradigm Bidenism and the American Rescue Plan – Part II
Right after getting the $1.9 trillion rescue plan approved, Biden is ready to push for a $3 trillion infrastructure package. How do these measures reflect the changes in economic theory and policy debates?
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New Paradigm Paradigm Shift in Albania – FES Study on the Relationship between Market and State
The Economy for All initiative of the Friedrich-Ebert-Stiftung presented and discussed a new study on paradigm change on 18.3.2021. Also on the panel that discussed the study – Forum New Economy.
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The State Makronom Series on the Relationship between the Market and the State in the Post-Corona Age.
COVID19 and the climate crises, growing inequality and financial market stability: almost everywhere, the relationship between markets and governments needs to be re-examined. A review of the series in the online magazine Makronom.
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New Paradigm New Economy Short Cut – Martin Sandbu´s Economics of Belonging
On the 10th edition of our New Economy Short Cut series Martin Sandbu presented his new book "Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All"
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New Paradigm From Reaganomics to Bidenism?
Could Joe Biden’s big package be the start of a whole new paradigm of economic policy making?
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The State Stephan Weil on the challenges for the automotive location Lower Saxony – Video
At our recent seminar on the transformation of the German car industry, the Minister President of Lower Saxony talked about the implications of the transformation of the German car industry for the Volkswagen region and the state government's contribution.
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New Paradigm Favorite Readings for a New Paradigm – Winter 2020/21
Every three months Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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Finance Re-Watch: New Economy Short Cut & INET Debt Talk – Who’s Afraid of European Banks?
Join us for our ninth edition of the New Economy Short Cut, this time in partnership with the Institute for New Economic Thinking. With Martin Arnold, Elena Carletti and Richard Vague; moderated by Thomas Fricke and Moritz Schularick
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Innovation Lab Jenseits des Wachstums: Auf dem Weg zu einem neuen ökonomischen Ansatz
Der OECD-Bericht von Michael Jacobs ist jetzt auf Deutsch verfügbar.
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New Paradigm Forum Newsletter #38 – Wrap-up from the New Economy
Interview with Larry Kramer – Wind of change from the U.S.
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Europe Debate on Debt Relief Ignites
A debate on the future of debt in Europe has been ignited by a call from more than 150 economists for the ECB to cut debt of European countries.
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New Paradigm Event – Beyond Growth – Towards a New Economic Approach
Michael Jacobs, Denis Snower, Katharina Beck, Christoph Schmidt and Nicola Brandt discuss on February 15 about the meaningfulness of growth and how to make economic policy more goal-oriented.
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The State Olaf Scholz and the missions of the future
The German finance minister and SPD shadow chancellor presents what big missions the country needs. This sounds a lot like Mariana Mazzucato, who recently applied the concept to Germany in a study for the Forum.
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New Paradigm Forum Newsletter #32 – Wrap-up from the New Economy
Why german economic liberalism still has its work cut out for it.
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New Paradigm Why (and how) liberalism must reinvent itself in the 21st century.
Timothy Garton Ash describes what should replace the failed technocratic economic liberalism of the past three decades.
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New Paradigm A Wind of Change with Bernie Sanders as Budget Chair?
Bernie Sanders becomes chairman of the important Budget Committee in the US-Senat. Rob Johnson talks about the importance of the position and what Sanders' appointment may mean for future policies.
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New Paradigm Introducing the Forum New Economy Working & Basic Paper Series
Since our launch in 2019 we published a dozen of studies. Here you can find an overview of all of our studies.
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New Paradigm Registration: VIII New Paradigm Workshop
Register now for our next workshop "On the future of the German economic model II - Prospects for the next legislative term"
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Innovation Lab Video – New Economy Short Cut – Top economists argue over top textbooks
Peter Bofinger has caused quite a stir with his criticism of two of the most legendary economics textbooks - now he had the chance to argue with the author, Greg Mankiw himself, about the famous textbooks. The two were joined on the panel by Anna Reisch and Rudi Bachmann.
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Globalization New Economy Working Paper – How to reduce Germany’s current account surplus
Trump will go. But what about US complaints about Germany’s export surplus? Probably not, argue Achim Truger, Jan Behringer and Till van Treeck in an upcomming Op-Ed for the SZ which is based on a study for Forum New Economy.
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Climate Expert-Seminar – The transformation of the automobile industry in Germany
On 24 February, Forum New Economy organised an online expert seminar on the transformation of the automobile industry where the impact of the transport turnaround on car regions and employment was discussed.
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New Paradigm Retrospect and outlook 2021
We take a look at what the past year has meant for us, as a Forum, and for us all - and give you a glimpse of the exciting projects we are planning for 2021.
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The State A Debt Brake for the 21st Century
In a newly published piece on Makronom, Philippa Sigl-Glöckner lays out her formula for a reform of the German debt brake.
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Inequality New Studies out now: What Drives Inequality in Germany?
In a two-part study commissioned by Forum New Economy, Charlotte Bartels and Carsten Schröder investigate the state of inequality and its drivers.
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Corona Crisis New Economy Working Paper – Change only through crisis?
A new study by Laurie Laybourn-Langton reflects on the strategies for a paradigm shift in an age of coronavirus and environmental breakdown.
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New Paradigm Re-live – New Economy Short Cut with James K. Galbraith – Will Joe Biden bring the Green New Deal?
Green New Deal or stagnation in the old world? What does the upcoming Biden-presidency mean for the economic outlook of the US? Watch the video with James K. Galbraith here.
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New Paradigm Normalcy or (Green) New Deal? Joe Biden’s Economic Team and the prospects for a paradigm change
The economists that will be working for the president elect will likely focus on strengthening the power of labor, but will it be an all-encompassing paradigm shift?
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Europe Preview: Should Germany issue perpetual bonds for European solidarity? – Discussion of the proposal by George Soros
On December 4 at 4 pm CET, INET and the Young Scholars Initiative will host a discussion on the future of European fiscal capacity.
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The State Mariana Mazzucato & Rainer Kattel in the FAZ: “The State must do better”
In a guest article for the Frankfurter Allgemeine Sonntagszeitung, Mariana Mazzucato and Rainer Kattel plead not for more or less state, but for a better one.
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The State New Economy Working Paper – Challenge-driven economic policy – A new framework for Germany
A new study by Mariana Mazzucato and her team from the Institute for Innovation and Public Purpose at University College London
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The State New Economy Working Paper out – A new paradigm for Germany’s fiscal policy after Corona
A new study by Michael Hüther (IW Köln) and Jens Südekum (DICE) looks into the past and the future of the German debt brake.
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New Paradigm Favorite Readings for a New Paradigm – Autumn 2020
Every three months Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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The State Video – New Economy Short Cut on the US Election Outcome
The US-citizens voted in what is deemed to be one of the most important elections of western democracies. We discussed the (preliminary) result with Katharina Pistor and Rüdiger Bachmann at November 4 from 3pm CET onwards.
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Innovation Lab Robert J. Shiller on “Narrative Economics – How Stories Go Viral and Drive Major Economic Events”
The Nobel Prize-winning economist explains the idea behind his research on economic narratives and enumerates the main findings included in the book.
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New Paradigm The Future of the German Economic Model: All Studies in Brief
The Wirtschaftsdienst has published an abridged version of the studies commissioned by the Forum New Economy from Michael Hüther, Jens Südekum, Marianna Mazzucato, Charlotte Bartels, Achim Truger, Till van Treeck and many more.
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New Paradigm Forum New Economy and Wirtschaftsdienst: Does Germany need another economic model?
Is the German economy prepared for the tasks of our time? Thomas Fricke details what the Forum New Economy discussed at the seventh New Paradigm Workshop and what it identifies as the pressing issues lying ahead.
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Innovation Lab Video – New Economy Short Cut on Job Guarantee Programs
Why do we accept unemployment as a given in our economies? Together with Pavlina Tcherneva and Dirk Ehnts we discussed this incremental question. Rewatch the session here and read up on our comment of her book.
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New Paradigm Changing directions – IMF´s new World Economic Outlook
Is this the time for a paradigm change? A closer look at the newly released WEO of the IMF hints that a reconsideration of the old narratives may be under way.
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Innovation Lab Forum New Economy book presentation: Robert Shiller on Economic Narratives
On October 29 we welcomed Nobel laureate Robert Shiller to talk about his new book "Narrative Economics: How Stories Go Viral and Drive Major Economic Events".
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New Paradigm Preview: New Economy Short Cut with Pavlina Tcherneva and Dirk Ehnts
On 26 October at 6 pm CET we will discuss job guarantee programmes with MMT experts Pavlina Tcherneva and Dirk Ehnts.
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Europe Recap and Video: Forum Seminar – A European Hamilton Moment
What is a "Hamilton Moment" and did the EU have its own during the corona crisis? Together with renowned experts from the finance ministries of France and Germany, the Forum discussed this on Wednesday, October 7. in an expert seminar.
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Uncategorized Heads up – NAEC conference on Confronting Planetary Emergencies
A short preview of what will be the focus of discussion at the upcoming conference organised by NAEC and P4NE and a warm invitation to register for the event.
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Corona Crisis Highlights: Prospects for Germany beyond Corona: role model or sick person?
An excerpt of the discussion among Maja Göpel, Véronique Riches-Flores, Holger Schmieding and Marcel Fratzscher on the efficacy of Germany´s answer to the Corona crisis and what awaits the country after the pandemic
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New Paradigm Review of the workshop on the future of the German economic model
Almost 60 speakers joined us in analysing the future of the German economic model. What was remarkable? What do we take away with us and what remains to be done?
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Europe Highlights – Thomas Piketty on the German ideology and the renovation of Europe
We summarize the keynote of Thomas Piketty at the 7th New Paradigm Workshop and his discussion with Moritz Schularick and Veronika Grimm.
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The State Highlights – A Talk between Joseph E. Stiglitz and Olaf Scholz
We summarize the talk at the 7th New Paradigm Workshop between Nobel laureate Joseph Stiglitz and Federal Finance Minister Olaf Scholz from the SPD.
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Corona Crisis Forum New Economy and Forsa: Majority of Germans support interventions in the economy
A Forsa survey commissioned by the Forum New Economy shows high approval for corona measures of the German government and a need for action in the economic system.
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Inequality House ownership makes wealthy – especially in the West of Germany – The Forum New Economy Der Spiegel
One becomes wealthy in the Federal Republic with enterprises or real estate. But even 30 years after reunification, the East still lags behind the West when it comes to ownership of apartments and houses. This is shown in a study by DIW researchers commissioned by the Forum New Economy.
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New Paradigm The Forum New Economy in the media
Around the large workshop on the future of the German economic model, the Forum New Economy presented numerous studies and surveys. These were included in some articles in the media. Here you can find an overview of German newspaper articles.
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New Paradigm Re-live: Corona and its lessons: Which understanding of the state will make Germany successful?
Hardly anyone was as much in focus during the crisis as Health Minister Jens Spahn. How has the crisis changed his understanding of a functioning state? Here is his keynote speech and the discussion in the re-live.
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New Paradigm Re-live: 30 years after unification – Does capitalism need an overhaul?
SPD co-leader Norbert Walter-Borjans debated the state of German capitalism at our workshop with Lisa Paus, Johannes Vogel and Dalia Marin. Here you can rewatch the discussion.
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New Paradigm The future of the German model – a preview of the workshop-highlights
News on inequality, a new German industrial policy, the end of the debt brake - and an exclusive survey on the crisis of capitalism. A guided tour in advance.
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New Paradigm Quick & New: INET-Book presentation – Inequality from Reagan to Trump
Lance Taylor and Özlem Ömerpresent their new book on the history of macroeconomic inequality in the USA from Reagan to Trump.
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Innovation Lab Beyond Growth: Towards a New Approach
The OECD has published a new report by Michael Jacobs, prepared for New Approaches to Economic Challenges (NAEC), September 2020.
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New Paradigm Preview: VII New Paradigm Workshop – On the future of the German economic model
30 years after German unification, we will host our next workshop on the future of the German model. The seventh New Paradigm Workshop will take place from September 28 to 30, virtually and hopefully in Berlin.
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Globalization Video: New Economy Short Cut with Matt Klein and Till van Treeck
In the fourth edition of our New Economy Short Cuts we discussed Germany's current account surplus with Matt Klein and Till van Treeck. Watch the video here.
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New Paradigm Favorite Readings for a New Paradigm – Summer 2020
Every other month Forum New Economy is showcasing a hand full of selected research papers that lead the way towards a new economic paradigm.
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Innovation Lab Video: New Economy Short Cut with Mark Blyth and Eric Lonergan
In the third edition of our Short Cuts we had the pleasure of hosting Mark Blyth and Eric Lonergan to talk about their new book "Angrynomics".
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New Paradigm Open Letter: Prominent Economists Demand End of Carbon Economy
Numerous renowned economists such as Mariana Mazzucato, Gabriel Zucman, Joseph Stiglitz and Dani Rodrik have published a joint letter in which they call for a fundamentally new economic approach.
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Innovation Lab Measuring What Matters – A GDP Critic
Joseph Stiglitz describes the problematic focus on GDP when measuring the well-being of societies. He advocates for the use of a dashboard with individual indicators for each country.
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Globalization The Fall of the Wall and the “Schwarze Null” – Understanding Germany’s Surplus
Review of Chapter 5 in Michael Pettis' and Mathew Klein's “Trade Wars are Class Wars” by Marc Adam
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The State BMWi-Beirat empfiehlt Erhöhung der Mittel für öffentliche Investitionen
Ein Gutachten des Wissenschaftlichen Beirats beim Bundesministerium für Wirtschaft und Energie stellt fest, dass in Deutschland schon seit vielen Jahrzehnten deutlich zu wenig in die öffentliche Infrastruktur investiert wird.
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New Paradigm Kapitalismus am Pranger – mehr als Gejammer
Mehr als die Hälfte der Deutschen zweifelt am Kapitalismus – das bringt auch die FAZ ins Grübeln. Ein Auflösungsversuch.
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Europe The Global Consequences of Germany’s “Educational Imperialism”
Matthew Klein describes how Germany's export strategy is damaging Europe and the rest of the world.
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Inequality DIW-Study Shows Unimagined Level of Inequality
Wealth inequality in Germany is even higher than estimated. That shows a new DIW-study which uses a new data mechanism.
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Globalization Quick & New: Dani Rodrik – Why Does Globalization Fuel Populism?
A new working paper by Dani Rodrik models the link between globalization and populism
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The State Toward a New Fiscal Constitution
Mariana Mazzucato and Robert Skidelsky call for a new and mission-oriented fiscal constitution. They advocate for new indicators and the implementation of Job Guarantee Programmes.
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Innovation Lab Book Recommendations from the World of Economics
Martin Wolf selects the best books for the summer vacation from the world of economics. From MMT over Trade Wars up to every facet of inequality. Everyone can find something here.
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Corona Crisis New Economy Short Cuts with Kristian Blickle (New York Fed)
Kristian Blickle will present a new version of his working paper "Pandemics Change Cities: Municipal Spending and Voter Extremism in Germany, 1918-1933".
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Inequality Wie ungleich Deutschland wirklich ist
Ist das Auseinanderdriften von Einkommen und Vermögen real – oder nur Panikmache? Darüber wird hierzulande seit Jahren gestritten. Das Forum New Economy hat führende Forscher beauftragt, die empirische Evidenz zusammenzustellen. Erster Teil der Studie.
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Corona Crisis New Economy Short Cuts with Sebastian Dullien
Sebastian Dullien (IMK) gave an assessment of the impact of the economic stimulus package at the start of our new format "New Economy Short Cuts". The recording is available here.
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Innovation Lab A Market for Values and its role in reconciling capitalism and democracy, economics and ethics
In a guest contribution for Forum New Economy, Marco Senatore, Senior Civil Servant at Italy's Department of the Treasury discusses his notion of a market for values.
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Corona Crisis Quick & New: Narratives and Szenarios in the post-Corona world
Does the crisis trigger a transformation process or will everything go back to normal? Hannes Böhm and Valentin Sagvosdkin describe the importance of narratives for the time after the crisis.
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Finance Ann Pettifor – Green New Deal: Warum wir können, was wir tun müssen
In ihrem neuen Buch beschreibt die britische Ökonomin und Finanzexpertin Ann Pettifor einen „Green New Deal“, der weit über den derzeitigen Vorschlag der Europäischen Kommission hinaus geht.
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Corona Crisis Larry Summers talked to NAEC (OECD)
Our cooperation partner NAEC (OECD) invites you to a conversation with former US Treasury Secretary Larry Summers. You can find the recording here.
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Inequality The State of Inequality in Germany
What are the recent trends in income, consumption and wealth inequality in Germany? Charlotte Bartels and Carsten Schröder review the literature in a new study commissioned by Forum New Economy.
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Inequality Inequality of what?
As there are many critical choices made when measuring inequality, this post reviews the important methodological choices, including that of the reference unit (e.g., individual vs. households) and of the data source (e.g., administrative vs. survey data). By Charlotte Bartels and Carsten Schröder.
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Globalization Digital Global Solutions Summit: Global Table
The Future of Multilateralism and Global Governance - Curated and produced by Forum New Economy
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Corona Crisis GroKo-Paket bleibt hinter Möglichkeiten zurück
So gut das Konjunkturpaket der Bundesregierung wirken mag – mit der Summe hätte mehr erreicht werden können. Von Sebastian Dullien
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New Paradigm Von Falken zu Tauben? Deutschlands neue Generation von ÖkonomInnen
Mit dem Deutsch-Französischen Vorschlag eines Wiederaufbauplans zeigt sich, dass sich über die letzten Jahre ein neue Riege von Ökonomen und Ökonominnen in den Vordergrund gespielt hat - schreibt Caroline De Gruyter im euobserver.
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Corona Crisis The way out of the crisis – all news about a possible recovery plan
The German government has decided on an economic stimulus package of 130€ billion. Achim Truger and Michael Hüther evaluated individual measures in advance. Laurence Tubiana and Emmanuel Guerin insist on the importance of the Green Deal for reconstruction.
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New Paradigm The Gradual Encroachment of Ideas – Lessons from the past paradigm shift
A Forum New Economy Working Paper by Laurie Laybourn-Langton.
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New Paradigm INET Event: Europe’s Hamiltonian Moment…or the Beginning of the End?
Laurence Boone, Moritz Schularick and Adam Tooze discussed the impact of the COVID-19 crisis on the Eurozone and how the new proposal will affect the outlook of the EU.
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Europe German-French alternative to Euro-Bonds
What's behind Merkel and Macron's 500 billion-dollar proposal. Our update on the reconstruction plans for Germany and Europe.
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New Paradigm Quick and New: The Death of the Central Bank Myth
"For decades, monetary policy has been treated as technical, not political. The pandemic has ended that illusion forever." writes Adam Tooze in Foreign Policy. Our update from the new paradigm community.
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New Paradigm Wenn Ökonomen über ein Virus streiten – und mancher abdriftet
Eine Polemik, aufgeschrieben und gesammelt vom Medienportal „Übermedien“ – und eine Antwort von Rüdiger Bachmann
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New Paradigm Laudatio für die Träger des Hans-Matthöfer-Sonderpreises 2020
Im März haben Sebastian Dullien und Michael Hüther für ihren gemeinsamen Plan zu einem langfristigen Investitionsplan für Deutschland den Hans-Matthöfer-Preis bekommen. Warum? Die Laudatio von Thomas Fricke.
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Europe German Constitutional Council confuses Europe
Katharina Pistor, Peter Bofinger and Mark Schieritz sharply criticise the ruling of the Federal Constitutional Court. They argue that the court seems to be insensitive to the political implications and appears economically ill-advised.
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Uncategorized Quick & New: Partners for a New Economy searches Director
Partners for a New Economy (P4NE) is an international donor collaborative that wants the economic system to generate positive environmental and social outcomes. They are searching for a new Director.
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Corona Crisis Corona Workshop Video: Fiscal Policy – Will the Trillions be enough?
Robin Brooks, Frank van Lerven, Antonella Stirati and Shahin Valleé discuss the fiscal capacities of countries hit by the corona virus and lay out what needs to be done next.
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Corona Crisis Central banks to the rescue? Is this the time for helicopter money?
Corona Workshop: Over the last four decades central banks have been almost exclusively mandated with the task of macroeconomic stabilization. Can they still do their job? We discussed this with Eric Lonergan, Martin Hellwig, Peter Bofinger and Daniela Gabor.
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Corona Crisis Corona Workshop Video: Real Economy Crisis – Towards the Great Corona Depression?
Nicola Brandt, Sebastian Dullien, Stephen Kinsella and Jens Südekum discuss the real-economic effects of the Corona crisis.
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Corona Crisis VIDEO: Introduction to The Corona Economic Shock
Introductory remarks by Thomas Fricke and Gerhard Schick on the state of the economy and a plan to cope with the crisis.
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Corona Crisis Highlights and Quotes of the Corona Workshop
How dramatically does the Corona crisis threaten to become economically and financially still? Will the aid be enough? And will the world be the same as before?
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Corona Crisis Eurozone – Time for Eurobonds?
Corona Workshop: A summary of the session "Eurozone - is this the time for Eurobonds?" (Video included) during our Corona Economic Workshop on 22 April. Simon Tilford has assembled quotes and analyzes the discussion during the session.
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Corona Crisis The Corona Crisis – Is this the time for Helicopter Money?
Marc Adam explains the concept of helicopter money and analyzes the discussion around it. Input for the session on central bank action during the corona crisis.
