# Blog

What has driven the votes for Germany’s right-wing Alternative für Deutschland?

The AfD vote in East Germany was consistently stronger than in the West, even after controlling for income, age, education, religion and the overall rural nature of the new Bundesländer. This was first published on Brueg...

6th October 2017 by Guntram Wolff 4019 views

# Blog

A Jamaican Germany could be good for Europe

A shortened version of this opinion piece has been published by the Financial Times. Germany has voted – and the result has been a shock to Germans and to Europe. The AfD – an extremely right wing, and in part neo-nazi, ...

29th September 2017 by Guntram Wolff 2212 views

# Blog

Europa sinnvoll gestalten

This opinion piece was published in FAZ on Friday, 28 April, 2017. Weder gute Wachstums- und Beschäftigungszahlen noch das schlechter als erwartete Abschneiden des Populisten Geert Wilders können darüber hinwegtäu...

30th April 2017 by Guntram Wolff 2498 views

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# Publications

The global decline in the labour income share: is capital the answer to Germany’s current account surplus?

This policy contribution was published by Bruegel. Please find the pdf here. The piece was nicely covered by Martin Wolf in the FT. This paper links the major divergences between the three largest euro-area countries in ...

26th April 2017 by Guntram Wolff 3287 views

# Interviews

Le cas grec reste entre les mains de Berlin

24th February 2017 by Guntram Wolff 1620 views

# Blog

Berlin and Paris need a strategy for Brexit

Which political strategy should the EU and its biggest two members, France and Germany, pursue if the UK were to leave? This op-ed was originally published in Bruegel, International Business Times, Kathimerini, and Diari...

4th June 2016 by Guntram Wolff 2298 views

# Blog

Mere criticism of the ECB is no solution

This piece was first published by the Frankfurter Allgemeine Sonntagszeitung in a shortened version. It is also published in various national newspapers, including Le Monde. The eurozone remains in a deep, largely...

10th April 2016 by Guntram Wolff 2891 views

# Publications

Schriftliche Stellungnahme Bundestagsanhörung „Niedrigzinspolitik der EZB“

This Policy Contribution was prepared for the Financial Committee of the German Bundestag. It is only available in German. Zusammenfassung Reale Renditen fallen weltweit mindestens seit Anfang der 1980er Jahre, so auch i...

5th November 2015 by Guntram Wolff 2498 views

# Blog

France and Germany: a moment of truth

France and Germany, which together account for half of euro-area GDP, are rightly considered the key to the euro area’s exit from the current impasse of low growth, falling inflation and increasingly dangerous debt traje...

6th November 2014 by Guntram Wolff 2423 views

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# Publications

Addressing weak inflation: The European Central Bank’s shopping list

There are clear benefits to price stability. High inflation can distort corporate investment decisions and the consumption behaviour of households. Changes to inflation redistribute real wealth and income between differe...

6th May 2014 by Guntram Wolff 5149 views