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Mitigating the sovereign-bank nexus is a key policy target of banking sector regulatory reform in the euro area. An important, highly debated line of policy proposals aims at removing privileges for sovereign exposures in banking regulation. Based on...
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The working paper "A mechanism to regulate sovereign debt restructuring in the euro area" by Jochen Andritzky, Désirée Christofzik, Lars P. Feld, and Uwe Scheuering proposes a two-stage mechanism for the restructuring of sovereign debt during ESM...
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The global economy is in the midst of an encompassing transition, reflecting the highly disruptive potential of the process of digitisation. Many German commentators even view the digitisation of production ("industry 4.0") as the harbinger of a new...
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On June 24 2016, the German Council of Economic Experts has held the "International Conference of Councils on Economic Policy" in Berlin. The event took place on the premises and with the support of the Federal Ministry for Economic Affairs and...
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The German Council of Economic Experts has slightly lowered its forecast for 2016 due to somewhat weaker external demand. The Council now expects German gross domestic product (GDP) to grow 1.5 %. For 2017, the Council expects GDP growth to pick up...
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Today Professor Dr. Lars P. Feld, Freiburg, received his certificate of appointment as member of the German Council of Economic Experts for the term of 1st March 2016 till 28 February 2021 from Dr. Rainer Sontowski, State Secretary in the Ministry...
