# Publications

Schriftliche Stellungnahme Bundestagsanhörung „Niedrigzinspolitik der EZB“

This Policy Contribution was prepared for the Financial Committee of the German Bundestag. It is only available in German. Zusammenfassung Reale Renditen fallen weltweit mindestens seit Anfang der 1980er Jahre, so auch i...

5th November 2015 by Guntram Wolff 2466 views

# Blog

Inflation expectations and global risks: the need for ECB action

The ECB will have its next monetary decision meeting on Thursday. Instead of following politically motivated statements that complain about low nominal rates, the ECB needs to focus on its mandate: price stability, defin...

21st October 2015 by Guntram Wolff 3063 views

# Blog

What options for European deposit insurance?

The aim of this blog post is to clarify different options of how to organize European deposit insurance without yet settling on the best option. We aim to explain and to highlight what different options can and cannot ac...

9th October 2015 by Guntram Wolff 3542 views

# Blog

A European approach to climate finance will make a deal at COP21 more likely

Europe needs to convince poor countries that it is serious about a climate deal. To do this it must act jointly and decisively to shape global climate finance. This op-ed was published in MNI, Kamara Online, Kathemerini,...

4th October 2015 by Guntram Wolff 2621 views

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# Publications

European climate finance: securing the best return

The issue Combating climate change is perhaps the most formidable public policy challenge of our times. Unmitigated climate change will be irreversible. It will place significant costs on future generations, and expose t...

11th September 2015 by Guntram Wolff 2593 views

# Blog

Germany’s handling of immigration will shape the future of Europe

The FT has published a shortened version of my comment below. When religious persecution around 1700 drove the Huguenots to Prussia’s Berlin and Brandenburg, they added more than 1% to the native population...

11th September 2015 by Guntram Wolff 3219 views

# Blog

The dragon sneezes, Europe catches a cold

European stock prices, financial contagion and the trade exposure to China. How the turmoil in China’s stock market is affecting European stock markets through Europe’s trade exposure to China This post was first p...

26th August 2015 by Guntram Wolff 4609 views

# Blog

Euro Area Banks Remain Vulnerable

Strengthening the banking system is important to achieve a sustainable recovery, because it will revitalise credit to the healthier segments of the economy. However without restructuring, euro area banks are still vulner...

24th August 2015 by Guntram Wolff 2143 views

# Blog

Still vulnerable: the euro area’s small and medium-sized banks

In our recent research we show that the small and medium-sized banks (SMBs) – and among them the unlisted banks – remain under considerable stress. This op-ed was originally published on VOXEU. The European Centra...

14th August 2015 by Guntram Wolff 2199 views

# Blog

Griechenland: Die Lehren für Europa

This piece was first published on Die Zeit on August 4 2015. It was also published on Linkiesta, and several other newspapers. The English version is published on Bruegel. Die schlimmste Hängepartie ist vorläufig ...

10th August 2015 by Guntram Wolff 2258 views