Peter Bofinger

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Peter Bofinger
Peter-Bofinger.jpg
Born (1954-09-18) September 18, 1954 (age 62)
Pforzheim, West Germany
Nationality Germany
Field Economics
School or
tradition
New Keynesian economics
Influences John Maynard Keynes
Karl Schiller
Wolfgang Stützel

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.[1] He does not think that a minimum wage would have a negative impact on employment.[2]

From December 2011 until May 2012, Bofinger served as member of the Jacques Delors Institute’s Tommaso Padoa-Schioppa group, a high-level expert group to reflect on the reform of the Economic and Monetary Union of the European Union.[3]

Selected publications[edit]

  • Bofinger, P (1996). "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. doi:10.1016/0014-2921(95)00076-3. 
  • Bofinger, P (2000). "A framework for stabilizing the euro/yen/dollar triplet". North American Journal of Economics and Finance. 11 (2): 137–151. doi:10.1016/S1062-9408(00)00039-5. 
  • Peter Bofinger ; in collaboration with Julian Reischle and Andrea Schächter.; Reischle, Julian; Schächter, Andrea (2001). Monetary Policy: Goals, Institutions, Strategies, and Instruments. New York: Oxford University Press. ISBN 0-19-924856-7. 
  • Bofinger, P; Wollmershäuser, Timo (2001). "Is there a third way to EMU for the EU accession countries?". Economic Systems. 25 (3): 253–274. doi:10.1016/S0939-3625(01)00021-8. 
  • Bofinger, Peter; Wollmershäuser, Timo (2003). "Managed Floating as a Monetary Policy Strategy". Economics of Planning. 36 (2): 81–109. doi:10.1023/B:ECOP.0000012258.15614.d8. 

Other activities[edit]

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