Benjamin Weigert // Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung/German Council of Economic Experts
Behind the Scenes of the Sachverständigenrat
Research SeminarsDuring the crisis in the Euro area the German Council of Economic Experts (Sachverständigenrat) proposed the European Redemption Pact, a fiscal crisis resolution mechanism that combined the short term answer to the debt problems of the crisis countries and a credible path for consolidation and structural reforms with a long term stability framework for the whole Euro area.Although the proposal was not implemented, it nevertheless enriched the policy debate and helped to find new roads out of the crisis. The presentation provides a view behind the scenes of the council: how and why the proposal was made and which ways the analyses of the scientific staff supported the council in the whole process. Furthermore, some current projects of the scientific staff that are related to the Euro crisis are presented.
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- Room Heinz König Hall