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.
Bofinger, P (1996). "The economics of orthodox money-based stabilisations (OMBS): The recent experience of Kazakhstan, Russia and the Ukraine". European Economic Review40 (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 Finance11 (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. ISBN0-19-924856-7.
Bofinger, P; Wollmershäuser, Timo (2001). "Is there a third way to EMU for the EU accession countries?". Economic Systems25 (3): 253–274. doi:10.1016/S0939-3625(01)00021-8.