Peter Bofinger

Peter Bofinger

New Keynesian economics
Born	September 18, 1954 (1954-09-18) Pforzheim, West Germany
Nationality	Germany
Field	Economics
Opposed	Wolfgang Wiegard Hans-Werner Sinn Wolfgang Franz
Influences	John Maynard Keynes Karl Schiller

Peter Bofinger (born September 18, 1954) is a German economist and member of the German Council of Economic Experts. He is the only proponent of Keynesian economics in this council.

Bofinger is also the only member of the Council to advocate the adoption of a minimum wage in Germany: He argues that a minimum wage of 5€ is necessary to prevent "wage dumping" and to ensure that full-time employment provides enough income. He does not think that a minimum wage would have a negative impact on employment.

Selected publications

• "The economics of orthodox money-based stabilisations (OMBS): The recent experience of Kazakhstan, Russia and the Ukraine". European Economic Review 40 (3–5): 663–671. 1996. doi:10.1016/0014-2921(95)00076-3. 
• "A framework for stabilizing the euro/yen/dollar triplet". North American Journal of Economics and Finance 11 (2): 137–151. 2000. doi:10.1016/S1062-9408(00)00039-5. 
• Monetary Policy: Goals, Institutions, Strategies, and Instruments. New York: Oxford University Press. 2001. ISBN 0199248567. 
• "Is there a third way to EMU for the EU accession countries?". Economic Systems 25 (3): 253–274. 2001. doi:10.1016/S0939-3625(01)00021-8. 
• "Managed Floating as a Monetary Policy Strategy". Economics of Planning 36 (2): 81–109. 2003. doi:10.1023/B:ECOP.0000012258.15614.d8. 

Further reading

• Schmid, Klaus-Peter (2004-03-04). "Der allerletzte Keynesianer". Die Zeit. http://www.zeit.de/2004/11/Keynesianer. 

External links

• Peter Bofinger's Curriculum Vitae