Studies overview
New perspectives on monetary policy
by Moritz Schularick
Failure and Need for Reform of German Financial Supervision
by Martin Hellwig & Gerhard Schick
Debating Central Bank Mandates
by Adam Tooze
Inequality in Germany – Policy measures to reverse the trend
by Stefan Bach, Markus M. Grabka and Marc C. Adam
The Prudence Principle – A New Framework for Eurozone Fiscal Policy
by Marc Blyth & Eric Lonergan
Public financing of climate and other investments into the future
by Tom Krebs, Janek Steitz & Patrick Graichen
Public financing requirements for climate investments in the period 2021-2030
by Tom Krebs & Janek Steitz
A new fiscal policy for Germany
by Philippa Sigl-Glöckner, Max Krahé, Pola Schneemelcher, Florian Schuster, Viola Hilbert & Henrika Meyer
Climate protection and the modern state: A hydrogen package for Germany
by Tom Krebs
How to reduce Germany’s current account surplus?
by Jan Behringer & Till van Treeck & Achim Truger
The role of rental income, real estate and rents for inequality in Germany
by Charlotte Bartels & Carsten Schroeder
Change only through crisis? Reflections on strategies for paradigm shift in an age of coronavirus and environmental breakdown
by Laurie Laybourn-Langton
Challenge-driven economic policy: A new framework for Germany
by Rainer Kattel & Mariana Mazzucato & Keno Haverkamp & Josh Ryan-Collins
How to re-design German fiscal policy rules after the COVID-19 pandemic
by Michael Huether & Jens Suedekum
The Corona Crisis – is this the time for Helicopter Money?
by Marc C. Adam
Income, consumption and wealth inequality in Germany: Three concepts, three stories?
by Charlotte Bartels & Carsten Schroeder
OUR MAIN TOPICS
New Paradigm
NEW PARADIGM
After decades of overly naive market belief, we urgently need new answers to the great challenges of our time. More so, we need a whole new paradigm to guide us. We collect everything about the people and the community who are dealing with the question of a new paradigm and who analyze the historical and present impact of paradigms and narratives – whether in new contributions, performances, books and events.
Redefining
the role of
the state
REDEFINING
THE ROLE OF
THE STATE
For decades, there was a consensus that reducing the role of the state and cutting public debt would generate wealth. This contributed to a chronic underinvestment in education and public infrastructure. New research focuses on establishing when and how governments need to intervene to better contribute to long-term prosperity and to stabilize rather than aggravate economic fluctuations.
Remaking
finance
REMAKING
FINANCE
More than a decade after the financial crisis there still seems to be something seriously wrong with the financial system. Financial markets still tend to periodically misprice risk and contribute to boom and bust cycles. A better financial system needs to discourage short-termism and speculative activity, curtail systemic risk and distribute wealth more broadly.
Greening
prosperity
GREENING
PROSPERITY
During the high point of market orthodoxy, economists argued that the most 'efficient' way to combat climate change was to simply let markets determine the price of carbon emissions. Today, there is a growing consensus that prices need to be regulated and that a carbon price on its own might not be enough.
Reducing
inequality
REDUCING
INEQUALITY
The rising gap between rich and poor has become a threat to social cohesion in most rich countries. To reverse this trend it will be crucial to better understand the importance of different drivers of income and wealth inequality.
Innovation Lab
INNOVATION LAB
Do we need a whole new understanding of economic growth? What would be a real alternative? How viable are alternatives to GDP when it comes to measuring prosperity? These and other more fundamental challenges are what this section is about.
Globalization
for all
GLOBALIZATION
FOR ALL
After three decades of poorly managed integration, globalization is threatened by social discontent and the rise of populist forces. A new paradigm will need better ways not only to compensate the groups that have lost, but to distribute the gains more broadly from the start.
Europe
beyond markets
EUROPE
BEYOND MARKETS
The euro was planned during a period in which economic policy making was driven by a deep belief in market liberalism and the near impossibility of systemic financial crises. This belief has been brought into question since the euro crisis, which showed that panics do happen. New thinking needs to focus on developing mechanisms to protect eurozone countries from such panics and to foster economic convergence between members.
Corona Crisis
CORONA CRISIS
The current Corona crisis is probably the worst economic crisis of the post-World War 2 era. Economists are working hard on mitigating the economic effects caused by COVID-19 to prevent a second Great Depression, the break-up of the Eurozone and the end of globalisation. We collect the most important contributions.