The German Council of Economic Experts submitts its report in mid-November of each year. Here you will find the current Report.
"Setting the Right Course for Economic Policy"
Released on 07 November 2018
In this section you will find selected chapters of the reports in english.
Annual Report 2017/18
"Towards a Forward-Looking Economic Policy"
Released on 08 November 2017
Executive summary of the Annual Report 2017/18
Chapter 1: Towards a forward-looking economic policy
Chapter 2: Global economy picks up speed
Chapter 3: Capacity overutilisation in the German economy continues to rise
Chapter 4: Change of course in monetary policy and sustainable economic policy
Chapter 5: Financial markets: Gaps in regulation, growing risks
Chapter 6: Sound fiscal policy, especially in good times
Chapter 7: Guarding against protectionism, supporting structural change
Chapter 8: Labour market: securing the supply of skilled workers in the digital transformation
Chapter 9: Income inequality: an in-depth analysis
"Time for Reforms"
Released on 02 November 2016
Executive summary of the Annual Report 2016/17
Chapter 1: Economic policy: Time for Reforms
Chapter 2: Global economy: Risk of overburdening monetary policy
Chapter 3: Germany: Expansionary monetary policy drives growth above potential
Chapter 4: Brexit vote: Averting damage, strengthening Europe through subsidiarity
Chapter 5: Low interest rates not appropriate for either euro area or Germany
Chapter 6: European banking system unstable, reforms must continue
Chapter 7: Pension provision: Strengthen the three pillar model
Chapter 8: Influx of refugees: Integration as a key challenge
Chapter 9: No surrender to entrenched unemployment
Chapter 10: High redistribution, low mobility
Chapter 11: The energy transition (Energiewende): Shifting towards a global climate policy
Chapter 12: Transformation in China harbours risks
"Focus on Future Viability"
Complete version in German
Chapter one: Economic Policy: Focus on Future Viability
Chapter four: Euro Area: Slow Down Bond Purchases, Speed up Reforms
Chapter five: Risks From low Interest Rates - Opportunities From the Capital Markets Union
Chapter six: New Challenges for Labour Market and Social Policy
Chapter seven: Productivity: Adressing the Causes
"More confidence in market processes"
Complete version in German
Chapter five: The long road to more financial stability in Germany and Europe
Chapter six: The German current account — Actionism is inappropiate
"Stable Architecture for Europe – Need for Action in Germany"
Chapter two: European economic policy: Stable architecture for Europe
Chapter three: Financial markets in Europe: From the Single Market to a Banking Union
Chapter five: Energy Policy: Boldly introduce more of a market - At a glance
Annual Report 2011/12
"Assume responsibility for Europe"
Chapter three: Euro area in crisis
Chapter four: From banking crisis to debt crisis and back
Chapter six: Energy policy: Effective Energy Transition only in the European Context
"Chances for a stable upturn"
Annual Report 2009/10
"Securing the future through responsible economic policies"
Annual Report 2008/09
"Mastering the financial crisis - strengthening forces for grow"
Annual Report 2007/08
"The gains must not be squandered"
Annual Report 2006/07
"Conflicting interests - missed opportunities"
Annual Report 2005/06
"Seize the chance - boldly advance the reforms"
Annual Report 2004/05
"External successes - internal challenges"
Annual Report 2003/04
"Consolidate public finances - reform the tax system"