Guntram Wolff

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Guntram Wolff is a German economist and the Director of Bruegel since June 2013. Under his leadership, Bruegel has been ranked the top international think tank outside of the US by the University of Pennsylvania Think tank ranking (UPenn ranking). His research is focused on the European economy and governance, fiscal and monetary policy, and global finance. He regularly testifies to the European Union Finance Ministers’ ECOFIN meeting, the European Parliament, the German Parliament (Bundestag) and the French Parliament (Assemblée Nationale). From 2012 until 2016, he was a member of the Conseil d’Analyse Economique (CAE) under successive Prime Ministers Jean-Marc Ayrault and Manuel Valls.

Education[]

Wolff holds a PhD from the University of Bonn, studied economics in Bonn, Toulouse, Pittsburgh and Passau. He is fluent in German, English, French and has some knowledge of Bulgarian and Spanish.

Career[]

Wolff joined Bruegel from the European Commission, where he worked on the macroeconomics of the euro area and the reform of euro area governance. Prior to joining the Commission, he was coordinating the research team on fiscal policy at Deutsche Bundesbank. He also worked as an adviser to the International Monetary Fund (IMF).

In 2018, IMF Managing Director Christine Lagarde appointed Wolff to the External Advisory Group on Surveillance, a group mandated to review the Fund's operational priorities through 2025.[1] In early 2021, he was appointed by the G20 as project director in charge of the High Level Independent Panel (HLIP) on financing the global commons for pandemic preparedness and response, co-chaired by Ngozi Okonjo-Iweala, Tharman Shanmugaratnam and Lawrence Summers.[2]

Wolff has taught economics at the University of Pittsburgh and at Université libre de Bruxelles. He has published numerous papers in leading academic journals. His columns and policy work are published and cited in leading international media such as the Financial Times, the New York Times, Wall Street Journal, Caixin, Nikkei, El País, La Stampa, FAZ, Handelsblatt, Les Echos, BBC, ZDF, among others.

Other activities[]

Publications[]

Wolff's publications are available on www.guntramwolff.net. Recent Bruegel publications can be found here: http://bruegel.org/author/guntram-b-wolff/

Selected academic journal publications include

  • Conditions are ideal for a new climate club, with , Energy Policy, , DOI
  • Form a climate club: United States, European Union and China, with , Nature, 591, pp 526-528, DOI.
  • The EU can’t separate climate policy from foreign policy, with Mark Leonard, Jean Pisani-Ferry, Jeremy Shapiro, , Foreign Affairs, Feb 9, 2021 (link).
  • Hybrid and cybersecurity threats and the European Union’s financial system, with , Journal of Financial Regulation, Oxford University Press, Vol 6(2), pp. 306-16, 2020, DOI.
  • What are the prerequisites for a euro area fiscal capacity?, with , Journal of Economic Policy Reform, Vol 23(3), 2019, DOI.
  • Securing Europe’s economic sovereignty, with Mark Leonard, Jean Pisani-Ferry, Elina Ribakova, Jeremy Shapiro, Survival, Vol 61(5), pp. 75-98, 2019, DOI.
  • Capital markets union and the fintech opportunity, with and , Journal of Financial Regulation, Oxford University Press, Vol 4(1), 2018, DOI
  • Explaining the Evolving Role of National Parliaments Under the European Semester, with and , Journal of European Public Policy, 25(2), pp 250-267, 2017, (DOI)
  • Capital markets union: a vision for the long term, with Nicolas Veron, Journal of Financial Regulation, Oxford University Press, Vol 2(1), 2016 DOI.
  • Rules and risk in the euro area, with , European Journal of Political Economy, 34, pp 222–236, 2014, (doi)
  • Identifying discretionary fiscal policy reactions with real time data, with , Journal of Money, Credit and Banking 2011,.[5]
  • Heterogeneity in money holdings across euro area countries: the role of housing, with and , European Journal of Political Economy, DOI
  • The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis with and , Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 230 (3), 2010.
  • The German sub-national government bond market: structure, determinants of yield spreads and Berlin’s foregone bail-out with Alexander Schulz, Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 229(1), 61-83, 2009.
  • Fiscal institutions, fiscal policy and sovereign risk premia in EMU with , Public Choice, 136(3-4), 379-396, 2008. (Springer online [6])
  • The effectiveness of subsidies revisited: accounting for wage and employment effects in business R&D with , Research Policy, 37, 1403–1412, 2008.[7]
  • Moral hazard and bail-out in fiscal federations: Evidence for the German Länder with , Kyklos – International Review for Social Sciences, 61(3), 425-46, 2008 [8]
  • Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia with , Scottish Journal of Political Economy, 55(4), 465-87, 2008 [9]
  • What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU with Jürgen von Hagen, Journal of Banking and Finance, volume 30 (12), 3259-3279, 2006.
  • A Compromise Estimate of German Net National Product 1851-1913 and its Implications for Growth and Business Cycles with , Journal of Economic History, volume 65 (3), p. 613-657, 2005.

References[]

  1. ^ IMF Managing Director Christine Lagarde Names External Advisory Groups for the 2020 Comprehensive Surveillance Review International Monetary Fund (IMF), press release of October 30, 2018.
  2. ^ The G20 establishes a High Level Independent Panel on financing the Global Commons Bank of Italy, press release of January 27, 2021.
  3. ^ Guntram Wolff Mastercard Center for Inclusive Growth.
  4. ^ International Advisory Board Solvay Brussels School of Economics and Management,
  5. ^ von Kalckreuth, ULF; Wolff, Guntram B. (2011). "Identifying Discretionary Fiscal Policy Reactions with Real-Time Data". Journal of Money, Credit and Banking. 43 (6): 1271–1285. doi:10.1111/j.1538-4616.2011.00425.x.
  6. ^ Hallerberg, Mark; Wolff, Guntram B. (2008). "Fiscal institutions, fiscal policy and sovereign risk premia in EMU". Public Choice. 136 (3–4): 379–396. doi:10.1007/s11127-008-9301-2.
  7. ^ Wolff, Guntram B.; Reinthaler, Volker (2008). "The effectiveness of subsidies revisited: Accounting for wage and employment effects in business R&D". Research Policy. 37 (8): 1403–1412. doi:10.1016/j.respol.2008.04.023. hdl:10419/39482.
  8. ^ "Moral Hazard and Bail-Out in Fiscal Federations: Evidence for the German Länder - Heppke-Falk - 2008 - Kyklos - Wiley Online Library". .interscience.wiley.com. 2008-07-17. Archived from the original on 2013-01-05. Retrieved May 14, 2013. Cite journal requires |journal= (help)
  9. ^ "FOOL THE MARKETS? CREATIVE ACCOUNTING, FISCAL TRANSPARENCY AND SOVEREIGN RISK PREMIA - Bernoth - 2008 - Scottish Journal of Political Economy - Wiley Online Library". .interscience.wiley.com. Archived from the original on February 5, 2011. Retrieved May 14, 2013. Cite journal requires |journal= (help)

External links[]

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