German Council of Economic Experts
The German Council of Economic Experts or Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (Expert Council for the assessment of the macroeconomic Development) is a group of economists set up in 1963 to advise the German government and Parliament on economic policy issues. Every year the Council prepares the annual report which is published before or by November 15. The federal government has to publish its comments and conclusions within eight weeks of the publication of the annual report. In the German media, the council is often referred to as the Five Sages of Economy ("Fünf Wirtschaftsweisen").
The Council has five members which are nominated by the federal government and appointed by the president of Germany.
Current members of the council are:
- Wolfgang Franz (May 1994 to February 1999, and since March 2003, Chairman since March 2009)
- Wolfgang Wiegard (since March 2001, Chairman April 2002 to February 2005)
- Peter Bofinger (since March 2004)
- Beatrice Weder di Mauro (since June 2004)
- Christoph M. Schmidt (since March 2009)
[edit] External links
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