After the financial crisis and the upheavals in monetary policy, regulation, and globalization, the economic sciences are urged to answer many questions. The Swiss…
At the moment, Germany is in a good position economically. However, Volker Wieland is concerned that Germany rests on the economic success and the good…
Macroeconomics has undergone a profound change due in no small part to the questions thrust into the spotlight by the global financial crisis of 2008. Prof. Volker…
For Volker Wieland, the European Central Bank’s (ECB) decision to reduce the scale of its bond buying program is a step in the right direction. In his opinion,…
With „The Law of Corporate Finance“ Theodor Baums, Professor for Civil and Business Law at the Institute for Law and Finance of Goethe University, presents a…
According to Volker Wieland, the sovereign debt crisis is not over yet. The low-interest rate policy of the European Central Bank (ECB) paves the way for the next…
After Italy has voted against a constitutional reform Volker Wieland sees a great need for action. The next government should provide the economic policy framework…
Do we have to unwind the euro in order to sustain the EU project? During a talk in the IMFS Working Lunch series, Athanasios Orphanides, Michael Haliassos and…
On December 7, 2016, Valdis Dombrovskis, Vice-President of the European Commission, will give a lecture on "How to Make the Euro a Lasting Success". The IMFS…
Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has appointed IMFS Research Fellow Tobias Adrian as Director of the Monetary and…
The Endowed Chair of Monetary Economics at the Institute for Monetary and Financial Stability at Goethe University Frankfurt (Prof. Volker Wieland, Ph.D.) is…
In the opinion of Prof. Volker Wieland, the European Central Bank (ECB) should reduce its bond-buying program. "The ECB should step off the accelerator in its…
According to Prof. Volker Wieland, the European Central Bank (ECB) should abandon its expansionary monetary policy. "The ECB has already created inflation," he…
The Alfred P. Sloan Foundation has awarded a three-year grant in the amount of $591,295 in support of a new Macroeconomic Model Comparison Initiative (MMCI). This…
The recent debate about the solvency of the banking system in Italy and the exit of the United Kingdom from the European Union opened the eyes for a more informed…
Prof. Volker Wieland does not expect major distortions in the United States' trade relations. According to Wieland, the US president-elect may take some…
After the electoral victory of Donald Trump as the next US President Prof. Volker Wieland is expecting a tendency towards more market economy in the United States…
The IMFS now shares its research on banking regulation within the framework of the European Banking Institute (EBI). In 2016, the EBI was established as an…
The future of the European Union is at the focus of a discussion between Athanasios Orphanides, Michael Haliassos and Volker Wieland in the IMFS Working Lunch…
The German Council of Economic Experts (GCEE) has submitted its annual report 2016/17 entitled "Time for reforms" to Chancellor Angela Merkel in Berlin. The euro…
With the example of Portugal, the financial daily "Handelsblatt" describes how the credit rating can depend on the judgement of a single rating agency. Helmut…
Federal and state governments are currently discussing the restructuring of their fiscal relations as the existing regulations will expire by the end of 2019. The…
The use of cash is being increasingly restricted inside the European Monetary Union and in May 2016 the European Central Bank decided to end the production of 500…
Volker Wieland has warned of the negative consequences of the European Central Bank's (ECB) monetary policy for the crisis countries in the euro area. "Monetary…
Volker Wieland has backed a rule-oriented economic policy. At the first regulatory dialogue of the CDU/CSU parliamentary group in Berlin he said rules help avoid…
Volker Wieland has reiterated his warning regarding the consequences of the expansionary monetary policy of the European Central Bank (ECB). According to Wieland,…
Central banks and international organizations need to evaluate the impact and interaction of policy instruments in order to design effective policy strategies. In…
The computational platform "Macroeconomic Model Data Base" (MMB) now is available in version 2.1. Thus, the open archive under www.macromodelbase.com contains 68…
In an interview with the financial newspaper "Börsen-Zeitung" Volker Wieland has called for a rethinking in central banks. In his view, apart from the insufficient…
According to Volker Wieland the European Central Bank' (ECB) is becoming more and more a part of the problem with its monetary policy and is destabilizing the…
How long-term bond yields are not simply defined by monetary policy and short-term interest rates but by many other influences is the topic of an article of the…
The implementation of the European Banking Supervision at the European Central Bank (ECB) has only been a first step according to Volker Wieland. In an interview…
The European Commission is promoting the preparations for the introduction of a European Deposit Insurance Scheme, EDIS. By October, a new study regarding the…
In his working paper Athanasios Orphanides examines some of the decisions taken by the Federal Reserve and the European Central Bank (ECB) during the crisis…
According to Volker Wieland monetary policy can reach its objectives without restricting the availability of cash. In a contribution regarding cash for the new…
The EU Commission is forging ahead with plans for a European deposit insurance scheme. In an editorial in the magazine "Wirtschaftswoche" Helmut Siekmann explains…
The four members of the German Council of Economic Experts Lars Feld, Christoph Schmidt, Isabel Schnabel and Volker Wieland want the EU member states to cooperate…
In his working paper Helmut Siekmann analyzes the relationship between power, jurisprudence and economic law, bridging the gap between the Austrian School of…
According to Volker Wieland the European Central Bank's (ECB) monetary policy is not aprropriate at the moment. For him, a key interest rate between 1.5 and 2…
Professor Hermann Remsperger was awarded the Federal Cross of Merit first class. The former member of the Executive Board of the Deutsche Bundesbank and Chairman…
In guest editorials and interviews Volker Wieland and Helmut Siekmann have opted for reforms in the EU and especially in the euro area and appeal to the member…
In Volker Wieland's opinion, the monetary policy of the European Central Bank (ECB) is too expansionary also after the British voted for the Brexit in the…
In an opinion piece Volker Wieland calls on all parties to look for new options after the British vote and to make the federation more attractive again.
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In an opinion piece in the "Börsen-Zeitung", Helmut Siekmann, points out that Article 50 of the Treaty on European Union does not provide for a request to withdraw…
In the new edition of the "IMFS Update" Prof. Volker Wieland warns that the narrow Brexit vote need not be a final decision on UK membership. In his opinion it is…
After the British voted "Leave" in the EU referendum Prof. Volker Wieland has warned against a new urge for "more Europe". "It would be a mistake to rush toward…
According to Prof. Volker Wieland the narrow Brexit vote need not be a final decision on UK membership, but it is a wake-up call to all European partners and…
Volker Wieland would have preferred the Federal Constitutional Court to distance itself even more explicitly from the strategy of reasoning of the European Court…
After the Federal Constitutional Court has rejected the case against the European Central Bank's (ECB) OMT program, Helmut Siekmann sees the ECB in a state of…
Ahead of the verdict of the Federal Constitutional Court regarding the controversial OMT program of the European Central Bank (ECB) Helmut Siekmann does not count…
On June 29, 2016, Prof. Dr. Peter M. Huber, Federal Constitutional Court, will give a lecture on the financial crisis in the jurisdiction of the Federal…
Prof. Volker Wieland has illustrated the consequences of the elimination of the 500-euro banknote for holding currency. Due to the smaller denomination, the…
In an opinion piece in the weekly newspaper "Frankfurter Allgemeine Zeitung", Volker Wieland and his colleagues from the Kronberger Kreis explain why the fiscal…
In view of the interest rates banks have to pay the European Central Bank (ECB) for their deposits, Commerzbank is considering storing excess deposits as cash in…
In view of the low-interest environment and the penalty interest for banks parking liquidity at the ECB more and more municipalities are confronted with a…
Due to the financial crisis, many new regulations for the capital market have been proposed. However, European and national capital market laws are becoming…
In some European countries like Sweden cash-free payment is gaining more and more ground. In an interview with "VdK-Zeitung" Helmut Siekmann explains why he does…
For John B. Taylor of Stanford University and Volker Wieland, research on the real equilibrium interest rate is not yet useful for monetary policy although there…
According to Volker Wieland, the monetary policy of the European Central Bank (ECB) is not appropriate for Germany. Neither does he consider it necessary for the…
The political and economic crisis in Greece, the debate on how to safeguard the future of the eurozone, and the massive quantitative easing by the European Central…
According to Helmut Siekmann, the monetary policy measures of the European Central Bank (ECB) indicate an infringement of the principle of democracy. In an…
Before the next meeting of the Governing Council of the European Central Bank (ECB) the Swiss newspaper "Neue Zürcher Zeitung" summarizes the criticism of ECB…
In an educational radio program, Helmut Siekmann examines whether financial markets can be tamed by regulation. The 30-minute program is available as podcast.
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"Not all banks are going to survive the competition in the European banking sector," Volker Wieland said in the "ZDF-Morgenmagazin". Due to the strong competition…
After the European Central Bank (ECB) had announced to cut all its main interest rates, expand its bond-buying program, and unveiled a new lending programme to…
In an interview with the daily newspaper "Frankfurter Allgemeine Zeitung" Volker Wieland takes stock after one year of the European Central Bank's (ECB) purchase…
Since March 2015, the European Central Bank (ECB) has been buying government and public bonds worth 60 billion euros a month. In an interview with the German…
In view of the current refugee surge to Europe IMFS researcher Robert Beyer has analyzed during a research stay at the International Monetary Fund (IMF) how…
The economic situation in Germany is good, Volker Wieland said in an interview with "Deutschlandfunk". However, reforms like the introduction of the minimum wage,…
According to Helmut Siekmann it may be judged differently whether restrictions on cash payments are legally permissible. In any case, such measures do not increase…
According to Volker Wieland, the new Bank Recovery and Resolution Directive, known as BRRD rules, allow a scope of discretion that is too broad. Therefore, he is…
Applying simple policy rules to the interest rate decisions of the ECB since 2013, Tilman Bletzinger and Volker Wieland find out that these rules call for an…
Following the principle that liability and control must go hand in hand, Volker Wieland and his co-authors Lars Feld, Christoph Schmidt and Isabel Schnabel present…
The Federal Constitutional Court should take the opportunity to send a clear signal to the European Court of Justice (ECJ). The ECJ has kept the ECB's competences…
The Federal Constitutional Court is taking up the oral hearing regarding the controversial OMT program of the European Central Bank (ECB). Volker Wieland and his…
In the discussion regarding cash payments, the complete elimination of cash without any alternative would hardly be compatible with German Basic Law, Helmut…
In the debate about restricting cash payments in Germany, for Volker Wieland there are no arguments in favor of doing this. Cash is a very useful tool in an…
How is Greece doing, "Wirtschaftswoche online" is asking. Besides the problems with implementing reforms there is also now a debate going on about the protection…
In its latest edition, the employee magazine of Deutsche Bundesbank “Bundesbank Magazin”, presents the tasks of the Foundation of Monetary and Financial Stability…
The computational platform "Macroeconomic Model Data Base" (MMB) allows even easier access at www.macromodelbase.com as well as under the heading "Research" of the…
With his speech at the World Economic Forum in Davos, Deutsche Bank CEO John Cryan has given new boost to the discussion about restricting cash payments. However,…
Before the Federal Constitutional Court is reopening the hearings regarding the OMT program of the European Central Bank (ECB), the six economists forming the…
In his working paper Professor Helmut Siekmann analyzes the tasks and competencies of the European Central Bank (ECB) and the European System of Central Banks…
Professor Volker Wieland has warned of combining humanitarian and demographic challenges in the refugee debate. The arrival of the refugees does not solve the…
Ahead of the first meeting of the Governing Council of the European Central Bank (ECB) in 2016, Professor Volker Wieland sees no need for further expansion of…
Estimates of medium-term equilibrium real interest rates are cited very often in monetary policy. However, they do not form a sound basis for monetary policy…
Chambers of commerce have the right to voice its opinion regarding politico-economic questions, professor Helmut Siekmann said to the "Hamburger Abendblatt".…
