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German Council Of Economic Experts
The German Council of Economic Experts (German: ') is a group of economists set up in 1963 to evaluate economic policies of the German government. In the media, the council is often referred to as the "Five Sages of Economy" (''Fünf Wirtschaftsweisen''), or simply the "Five Sages" (''Fünf Weisen''). Role Every year the Council prepares an annual report which is published before or by November 15. The federal government has to publish its comments and conclusions within eight weeks of the publication of the annual report. The Council’s secretariat is based at the Federal Statistical Office of Germany in Wiesbaden. Membership Composition The Council has five members which – based on the recommendation of the Federal Minister for Economic Affairs and Energy – are nominated by the federal government and appointed by the President of Germany for a term of five years. Every membership expires on 1 March of the term’s final year. Traditionally, the Joint Committee of German ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Language
German ( ) is a West Germanic languages, West Germanic language mainly spoken in Central Europe. It is the most widely spoken and Official language, official or co-official language in Germany, Austria, Switzerland, Liechtenstein, and the Italy, Italian province of South Tyrol. It is also a co-official language of Luxembourg and German-speaking Community of Belgium, Belgium, as well as a national language in Namibia. Outside Germany, it is also spoken by German communities in France (Bas-Rhin), Czech Republic (North Bohemia), Poland (Upper Silesia), Slovakia (Bratislava Region), and Hungary (Sopron). German is most similar to other languages within the West Germanic language branch, including Afrikaans, Dutch language, Dutch, English language, English, the Frisian languages, Low German, Luxembourgish, Scots language, Scots, and Yiddish. It also contains close similarities in vocabulary to some languages in the North Germanic languages, North Germanic group, such as Danish lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horst Siebert
Horst Siebert (20 March 1938 – 2 June 2009) was a German economist. He was a member of the German Council of Economic Experts from 1990 to 2003. Siebert also served as a member of both the Group of Economic Analysis (GEA) and the Group of Economic Policy Analysis (GEPA), a number of "European economists who advise the European Commission’s president." From 2002 to 2004, as a member of GEA, he advised EU President Romano Prodi. From 2005 to 2007, as a member of GEPA, he advised EU President Jose Manuel Barroso Siebert spent most of his academic career at the University of Kiel, where he held the chair for economic theory from 1989 to 2003. A native of Neuwied, Rhineland-Palatinate, Siebert studied economics at the University of Cologne (1959–1963), while also studying, and undertaking research in, economics at Wesleyan University (1960–1961). He earned his doctorate degree in economics from the University of Münster in 1965. Siebert was appointed to the chair of economic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Sovereign Debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurobond (eurozone)
Eurobonds or stability bonds were proposed government bonds to be issued in euros jointly by the European Union's 19 eurozone states. The idea was first raised by the Barroso European Commission in 2011 during the 2009–2012 European sovereign debt crisis. Eurobonds would be debt investments whereby an investor loans a certain amount of money, for a certain amount of time, with a certain interest rate, to the eurozone bloc altogether, which then forwards the money to individual governments. The proposal was floated again in 2020 as a potential response to the impacts of the COVID-19 pandemic in Europe, leading such debt issue to be dubbed "corona bonds". Eurobonds have been suggested as a way to tackle the 2009–2012 European debt crisis as the indebted states could borrow new funds at better conditions as they are supported by the rating of the non-crisis states. Because Eurobonds would allow already highly indebted states access to cheaper credit thanks to the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lars Feld
Lars Peter Feld (born August 9, 1966 in Saarbrücken) is a German economist who currently serves as director of the Walter Eucken Institut and as Professor for Economic Policy at the University of Freiburg. From 2020 to 2021 he also chaired the German Council of Economic Experts. Federal Minister of Finance Christian Lindner made Feld his personal economic policy advisor in February 2022. Early life and education Feld studied cconomics at Saarland University. He obtained his doctorate and habilitation in economics in 1999 and 2002, respectively, both from the University of St. Gallen. Career From 2002 until 2005 Feld was visiting academic in economics at the University of Rennes 1. At the same time, from 2002 until 2006, he served as professor for economics and finance at the University of Marburg and, since 2002, he also serves as associate professor for Economics at the University of St. Gallen. Since 2008 Feld has been a member of the Kronberger Kreis of the Stiftung Marktwir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christoph M
Christoph is a male given name and surname. It is a German language, German variant of Christopher (given name), Christopher. Notable people with the given name Christoph * Christoph Bach (musician), Christoph Bach (1613–1661), German musician * Christoph Büchel (born 1966), Swiss artist * Christoph Dientzenhofer (1655–1722), German architect * Christoph Harting (born 1990), German athlete specialising in the discus throw * Christoph Maria Herbst, Christoph M. Herbst (born 1966), German actor * Christoph Kramer (born 1991), German football player and winner of the 2014 FIFA World Cup * Christoph M. Kimmich (born 1939), German-American historian and eighth President of Brooklyn College * Christoph Metzelder (born 1980), German football player * Christoph Riegler (born 1992), Austrian football player * Christoph Waltz (born 1956), German-Austrian actor and two times winner of the Academy Awards, OSCARS Academy Award * Christoph Martin Wieland, Christoph M. Wieland (1733–1813), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Isabel Schnabel
Isabel Schnabel (née Gödde, born 9 August 1971) is a German economist who has been serving as a member of the Executive Board of the European Central Bank since 2020. She became professor of financial economics at the University of Bonn in 2015 and a member of the German Council of Economic Experts in 2014. She worked previously at the University of Mainz from 2007 to 2015. Early life and education Schnabel was born in Dortmund. After completing her training as a bank clerk at Deutsche Bank in Dortmund, she began her studies in economics at the University of Mannheim in 1992. She continued her study of economics at the Paris I (Sorbonne) and the University of California, Berkeley before earning her diploma from the University of Mannheim in November 1998 as best in class. Schnabel studied as a doctoral student in economics at the University of Mannheim from 1998 to 2003, where she graduated summa cum laude after writing her dissertation titled “Macroeconomic Risks an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Bofinger
Peter Bofinger (born September 18, 1954) is a German economist and a former member of the German Council of Economic Experts. Career Following his studies, Bofinger worked as staff member to the Council of Economic Experts between 1978 and 1981. From 1984 until 1990, he was an economist at the Bundesbank. Since 1992, Bofinger has been a professor at the University of Würzburg. Between 1997 and 1999, he served as Dean of the university’s Department of Economics. In 1997, he turned down an offer to move to the Ludwig Maximilian University of Munich. Nominated by Germany’s trade unions, Bofinger succeeded Jürgen Kromphardt as member of the Council of Economic Experts in 2004. He has in the past oftentimes disagreed with the Council’s conclusions. Between 2012 and 2017, he issued 26 of the Council’s 27 minority votes during that period. For example, he was the only member of the Council to advocate the adoption of a minimum wage in Germany: He argues that a minimum wage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Claudia Maria Buch
Claudia Maria Buch (also Claudia-Maria Buch; born March 1966) is a German economist who currently serves as Vice President of the Bundesbank. She previously worked as professor at the University of Tübingen and served as a member of the German Council of Economic Experts. Buch worked as scientific director at the Institut für Angewandte Wirtschaftsforschung (Institute of Applied Economic Studies) in Tübingen and as chairperson of the economic council at the Federal Ministry of Economics and Technology. She still teaches at the Otto-von-Guericke-Universität Magdeburg. Her research focuses on regulation and supervision of banking. Career Buch was born in March 1966 in Paderborn. She attended the Gymnasium Theodorianum in Paderborn and subsequently studied economics at the University of Bonn from 1985 to 1991, graduating with a degree as ''Diplom-Volkswirtin''. She was also granted a Master of Business Administration at the University of Wisconsin–Eau Claire after s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beatrice Weder Di Mauro
Beatrice Weder di Mauro (born 3 August 1965) is a Swiss economist who is currently Professor of economics at the Graduate Institute of International and Development Studies in Geneva, Research Professor and Distinguished Fellow-in-residence at the Emerging Markets Institute of INSEAD Singapore, and senior fellow at the Asian Bureau of Finance and Economic Research (ABFER). Since 2018, she also serves as President of the Centre for Economic Policy Research (CEPR). From June 2004 to 2012, she was a member of the German Council of Economic Experts. She was the first woman and the first non-German in the council whose responsibility is to advise the German government on economic issues. She has advised both the former Chancellor Gerhard Schroeder and the current Chancellor Angela Merkel. She has served on the board of several major corporations, such as UBS, Roche, Tyssen-Krupp, and others. She currently sits on the board of Unigestion and Robert Bosch GmbH. Her research interes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Axel A
Axel may refer to: People * Axel (name), all persons with the name Places * Axel, Netherlands, a town ** Capture of Axel, a battle at Axel in 1586 Arts, entertainment, media * ''Axel'', a 1988 short film by Nigel Wingrove * ''Axel'', a Cirque du Soleil show * '' Axël'', an 1890 drama play by Auguste Villiers de l'Isle-Adam * Axel (dance turn), a type of turn performed in dance * Axel lift, a movement in pair skating * Axel jump, a type of jump in figure skating * " Axel F", the 1985 instrumental theme song of ''Beverly Hills Cop'' by Harold Faltermeyer Companies, organizations * Axel Hotels, hotel chain * Axel Springer SE, largest digital publishing house in Europe Other uses * Axel Maersk, Danish container ship * Citroën Axel, automobile made by Citroën * Typhoon Axel (other), multiple storms named Axel See also * Aksel * Axl (other) * Axle An axle or axletree is a central shaft for a rotating wheel or gear. On wheeled vehicles, the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wolfgang Wiegard
Wolfgang Wiegard (born 17 February 1946) is a German economist and member of the German Council of Economic Experts. He served as chairman of the council from April 2002 to March 2005. Born in Berlin, Wiegard studied at the University of Heidelberg, receiving his doctoral degree in economics in 1981. Since 1999 Wiegard holds a tenured professorship in economics at the University of Regensburg. Wiegard is considered a strong proponent of neoclassical supply-side economics. He is also a member of the Social Democratic Party of Germany The Social Democratic Party of Germany (german: Sozialdemokratische Partei Deutschlands, ; SPD, ) is a centre-left social democratic political party in Germany. It is one of the major parties of contemporary Germany. Saskia Esken has been the ....Wolfgang Wiegard: the neoclassical Social Democrat'. Handelsblatt. 12 November 2002. Retrieved on 10 May 2010. References 1946 births Living people German economists Social Democrati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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