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Fiscal Responses to Monetary Policy: Insights From a Survey Among Government Officials
This paper leverages a novel survey among German senior government officials to investigate fiscal responses to monetary policy shocks....


From hawk to offender: Berlin’s spending ‘offensive’ saps EU fiscal rule book | Financial Times 12.05.2025
Germany leads efforts to loosen EU debt and deficit caps as it gears up to deploy €1tn --- “It is an irony that Germany has been...


Chancellor on pause: Bundestag stings Friedrich Merz on day one | Financial Times 06.05.2025
First failed vote highlights Germany’s new head of government has a thin majority to deliver an ambitious programme --- Today’s events...


Das Milliardenpaket von Merz könnte als Papiertiger enden | Handelsblatt 24.04.2025
Der Infrastrukturfonds und stark steigende Verteidigungsausgaben verstoßen gegen EU-Fiskalregeln. Um das zu ändern, gibt es nur einen...


EU-Regel gefährdet Ausgaben-Plan der schwarz-roten Koalition | Handelsblatt 24.04.2025
Nach der historischen Abstimmung im Bundestag kann die neue Regierung Hunderte Milliarden extra ausgeben. Doch EU-Regeln stellen das...


European scholars: The EU may respond to tariffs on US tech giants, and EU-China relations will usher in a window of opportunity | The Paper 10.04.2025
After the United States swung its tariff stick across the world, the European Union is preparing for both negotiations and retaliation....


‘BlackRot’ coalition: Social Democrats dilute Merz’s pro-business agenda | Financial Times 10.04.2025
Economists disappointed at lack of bold structural reforms after €1tn spending package --- Armin Steinbach, professor at HEC university...


El rearme de Europa: ¿qué implica la economÃa de guerra? | DW 25.03.2025
Europa se prepara para rearmarse y, para ello, invertirá considerables sumas de dinero. Mientras, Estados Unidos pisotea décadas de...


Merz’s €1tn spending plan wins final approval from Germany’s upper house | Financial Times 21.03.2025
Constitutional reform passes last legislative hurdle days before outgoing parliament’s term expires --- Each party would want to show...


Germany’s Friedrich Merz agrees spending deal with Greens | Financial Times 14.03.2025
Deal paves way for the flagship defence and infrastructure package to be adopted by parliament next week --- “In substance, it creates...


Klagen mit begrenzter Chance | Zeit 12.03.2025
Darf der alte Bundestag in letzter Minute das Grundgesetz ändern und Milliardenschulden absegnen? Ob AfD und Linke das per...


How Europe could seize frozen Russian assets to fund Ukraine | CNBC 06.03.2025
President Donald Trump’s return to the White House has completely shifted America’s stance on support for Ukraine, prompting European...


Germany’s Friedrich Merz weighs ‘double bazooka’ for defence and infrastructure | Financial Times 04.03.2025
Economists’ proposal for up to €800bn of funding under review as part of coalition talks --- The economists’ proposal would be “a double...


Noch einmal Stimmvieh sein | Zeit 03.03.2025
Es ist ein unerhörter Vorgang, mit den Mehrheiten des alten Bundestags noch schnell die Verfassung zu ändern. Am Ende wird einmal mehr...


Germany’s Merz in ‘difficult’ talks over plans to boost defence spending | Financial Times 28.02.2025
Debate over multibillion-Euro top-up to military fund is playing a central role in exploratory coalition discussions. --- The last time...


En Allemagne, Merz cherche une issue pour augmenter d'urgence les dépenses militaires | LesEchos 25.02.2025
Conservateurs et sociaux-démocrates discutent d'une hausse des dépenses militaires de plusieurs centaines de milliards d'euros. La...


Debt and defence headache for Merz after AfD and far left make gains | Financial Times 24.02.2025
Election winner could struggle to reform strict borrowing rules due to opposition in next parliament. Access the full article here:...


Ändert Wahlsieger Merz die Verfassung im Eilverfahren? | Handelsblatt 24.02.2025
Die Parteien der Mitte haben im neu gewählten Bundestag nicht genug Sitze, um die Schuldenbremse zu reformieren. Die CDU denkt über...


Can Friedrich Merz still fix Germany? | Financial Times 05.02.2025
The frontrunner to become chancellor has bold plans for economic reform, but a flirtation with the far right has hurt his campaign. ---...


Friedrich Merz’s flirtation with German far right condemned by Angela Merkel | Financial Times 30.01.2025
Frontrunner in bid to become chancellor criticised for relying on AfD to pass parliamentary motion on migration laws. --- “Merz is trying...
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