# Blog

Making Italy grow again

This opinion piece was published in Corriere Della Sera and Bruegel. The coalition agreement signed in May between the Five Star Movement (M5S) and the League foresees new large spending items – most notably the flat tax...

26th June 2018 by Simone Tagliapietra, Alessio Terzi, Guntram B Wolff 835 views

# Blog

Die Unternehmensteuer muss reformiert werden

Der deutsche Kapitalstock schrumpft. Das liegt zum einen an sinkenden Investitionen von Unternehmen. Eine Reform der Unternehmensteuer könnte helfen. This opinion piece was published in Handelsblatt. Deutschland benötigt...

25th June 2018 by Guntram Wolff 636 views

# Blog

Griechenland braucht einen Neuanfang

This was first published by Die Zeit. Acht Jahre nach Beginn des ersten Hilfsprogramms für Griechenland ist es soweit – Griechenland soll wieder auf eigenen Füßen stehen. Die Eurogruppe soll heute das Ende des dri...

21st June 2018 by Guntram Wolff 852 views

# Blog

Understanding (the lack of) German public investment

An array of data suggests that there is a general lack of investment by all branches of the German government, despite running budget surpluses for several years. This blog post plots the progression of the public invest...

20th June 2018 by Alexander Roth, Guntram B. Wolff 1125 views

# Blog

Trägt Deutschland eine Mitschuld an Italiens Krise?

Dieser Text wurde zuerst von der Zeit veröffentlicht. “Italien hat mal wieder eine Krise – aber mit uns hat das Ganze nichts zu tun”: So lautet der fast einstimmige Tenor vieler Diskussionen zu den dramatisch...

5th June 2018 by Guntram Wolff 628 views

# Blog

Germany’s Government Still Has an Allergy to Investing

The new coalition budget looks a lot like the old German coalition budget. My Bloomberg View column is here....

14th May 2018 by Guntram Wolff 730 views

# Blog

Germany’s current account surplus and corporate investment

Following the 1990s post-reunification period and since the beginning of monetary union, Germany’s current account has grown substantially. In the crisis years, Germany’s lost about 15 percentage points of GDP in i...

10th May 2018 by Guntram Wolff 775 views

# Blog

Europe needs a broader discussion of its future

The important Franco-German paper leaves aside some of the most crucial issues for the future of Europe’s monetary union: European public goods, a proper fiscal stance and major national reforms. Its compromise on sovere...

6th May 2018 by Guntram Wolff 971 views

# Blog

Germany’s export-oriented economic model is caught in a US-Chinese squeeze

The new Merkel government has to reduce the dependencies on exports by stimulating domestic growth forces in Germany and Europe. At the same time, Berlin should push for a more ambitious national and European innovation ...

30th April 2018 by Sebastian Heilmann, Guntram B. Wolff 743 views

# Blog

How Should the EU Position Itself in a Global Trade War?

This opinion was published in Intereconomics, Volume 53, March/April 2018, Number 2 · pp. 50-51, here is the link. It was also published in Caixin-Chinese and Caixin-English and a shorter version in Nikkei Veritas. Steve...

5th April 2018 by Guntram Wolff 1371 views