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The state-subsidised long-term investment account should be designed as lifelong, capital market-based product. Key elements should be high-yield funds, a simple default product, automatic enrolment and flexible payout options. (Download, in German)
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The German economy is experiencing a period of weakness. GDP is expected to grow by 0.2 % this year and 0.9 % in 2026. To return to a path of growth, its productivity must increase, in particular through more innovation and investment.
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In view of the current challenges, Germany must develop new growth perspectives and security policy prospects. The opportunities arising must not be squandered.
Professor at the Technical University of Nuremberg (UTN) and Head of the Energy Systems and Market Design Lab. Member of the National Hydrogen Council of the Federal Government.
Cora Jane Flood Professor of Finance at the University of California at Berkeley and Professor of Economics, Department of Professor of Finance, Haas School of Business