The ECB anticipates stable growth and inflation, while Europe is faced with geopolitical threats, lack of competitiveness and fiscal challenges. At such a time,…
This paper studies the response of inflation expectations to an exogenous shift in central bank preferences. We use the unexpected announcement of the resignation…
In this note, we provide a brief first quantitative assessment of possible consequences of the energy price shock for euro area inflation. We consider different…
The Euro Area experienced historically high inflation in 2022, with energy prices playing a central role. This paper examines the joint impact of various energy…
During the last decades, central bank independence proved to be the bedrock of credible and effective monetary policy. Both past and recent history provides plenty…
Central bank independence (CBI) refers to the absence of influence of politicians on monetary policy making. Since we wrote our first surveys of the literature on…
Volker Wieland gave this week's Hayek Lecture at the Walter Eucken Institute at the University of Freiburg. In his lecture, he discussed the stability of the euro…
Since US President Donald Trump threatened EU countries with punitive tariffs in the dispute over Greenland, the EU has been discussing countermeasures. In…
Many observers view the recent criminal investigation against Jerome Powell, chairman of the US Federal Reserve, as an attack on the independence of the Fed.…
In the aftermath of the Great Financial Crisis, central banks from several advanced, small, open economies have used FX interventions (FXI) in order to stimulate…
IMFS Research Fellow Maik Wolters, University of Kiel, presents new IMFS Working Paper on “Nonlinear Estimation of a New Keynesian Model with Endogenous Inflation…
According to a media report, 22 renowned economists and other academics, including Prof. Volker Wieland, have issued a joint appeal entitled “Withdraw the pension…
Donald Trump is putting pressure on the US Federal Reserve to lower interest rates. Economists are therefore concerned about its independence. Only this guarantees…
The ECB's plans for a digital euro are controversial, even among economists, as a survey by Börsen-Zeitung shows. Economists, including Prof. Volker Wieland, have…
In an expert opinion, the advisory group, which includes Prof. Volker Wieland, identifies five key areas of action that are relevant for a sustainable growth…
Economist Volker Wieland is skeptical about whether Germany will succeed in its economic transition. At the F.A.Z. event “Science in Dialogue” in Frankfurt, he…
This study reviews new perceptions of an imminent decline of the international role of the US dollar and implications for the euro. It considers developments in…
Federal Minister for Economic Affairs Katherina Reiche is appointing a group of advisors to provide economic policy advice and scientifically sound support to the…
