The Transatlantic Economy in an Election Year
This year will see elections in both the United States (the White House and Congress) and the European Union (the European Parliament and indirectly the next President of the European …
Farewell to Wolfgang Schäuble
The Chancellor-behind-the-Scenes Imagine a mountain climber who scaled every peak in the Himalayas except Everest. That was Wolfgang Schäuble. No postwar politician reached more top party and government posts. Although …
Russia’s Invasion of Ukraine. Economic Challenges, Embargo Issues and a New Global Economic Order
Review of Paul J.J. Welfens’ Book The Russian invasion of Ukraine followed by—at the time of writing this review—21 months of a fierce and, from the Russian side, inhumanly-led war …
Climate Policies in Germany and the United States
Lobbying through Networks? At the UN Climate Change Conference (COP 28) at the end of November 2023, big questions arose about how the states performed after the Paris Agreement (COP …
Transatlantic Cooperation vs. Tech Nationalism
Values and Standards in the New Systemic Competition It is widely accepted that the ability to set technological standards is a prerequisite for an economy’s success on the world markets; …
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China Is Listening
But It Won’t Be Business as Usual When European Commission President Ursula von der Leyen and President of the European Council Charles Michel departed China after last week’s EU-China Summit, …
Back to Reason!
The Constitutional Court’s decision is an opportunity for a far-reaching political change. The Traffic Light Coalition should seize it. This article originally appeared in German in WirtschaftsWoche on November 25, …
Hyperinflation Weimar
One hundred years ago, the Weimar inflation reached its peak. It remains Germany’s greatest economic crisis and has heavily shaped the history of the Federal Republic. Within a few months …
Toward a Sustainable Global Economy
The Potential and Limits of a Climate Club and other Plurilateral Initiatives Climate change, loss of biodiversity, pandemics, widening economic inequalities and poverty, high debt and shrinking fiscal space, financial …
Germany Needs More Industrial Policy
The past two years have been hard for the German economy. Not only has the energy price shock following Russia’s invasion of Ukraine in February 2022 shaved off roughly 4 …
The U.S.-EU Summit and the Double Irony of GASSA
There are two ironies in the absence of an agreement on a “Global Arrangement on Sustainable Steel and Aluminum” (GASSA) at last Friday’s U.S.-EU summit in Washington, where President Biden …
