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Search the Publications and Policy Contributions of Hans-Werner Sinn

Search the Ifo Viewpoints, press articles and publications written by Hans-Werner Sinn. Filter the results by year of publication and text type.


  1. Kapitalverkehrskontrollen jetzt!

    Hans-Werner Sinn plädiert für eine Begrenzung der Notfallkredite, die die EZB Griechenland gewährt, und für die Einführung eine Kapitalverkehrskontrolle durch die griechische Regierung. Details

  2. The EEAG Report on the European Economy 2015: Blurring the borders

    CESifo, a Munich-based, globe-spanning economic research and policy advice institution BLURRING THE BORDERS MACROECONOMIC OUTLOOK THE EUROPEAN ENERGY CONUNDRUM EUROPEAN REGIONAL DISPARITY MIGRATION IN THE EUROPEAN UNION EEAG European Economic A d v i s o r y G r o u p on the European Economy 2015 | No.14 Details

  3. Chapter 1: Macroeconomic Outlook

    Chapter 1 of the report discusses the immediate macroeconomic outlook for the global economy, with a particular focus on the European situation. Details

  4. Chapter 2: The European Energy Conundrum: Power Failure

    European energy policy is currently poorly coordinated between the member states of the European Union, although substantial gains could be achieved through enhanced cooperation both at the European and the global level. The argument in favour of a European energy union – a genuine common energy market with common regulation – is even stronger than the case that was successfully made in the 1980s and 1990s for a monetary union. Details

  5. Chapter 3: European Regional Disparity: Borders Strike Back

    The original premise of the Single Market was that the promotion of economic integration brings prosperity to the European Union, reduces income disparities across member states, and by reducing differences between member states and within regions, it enhances social and political cohesion within Europe. The instruments to promote “economic and social cohesion” are primarily left to the member states and lower levels of government. Only a small set of supranational policy instruments exists in the form of EU cohesion policies directly motivated by the effects on regional and national income inequality of the European economic integration process. Details

  6. Chapter 4: Migration in the European Union: Too much of a good thing?

    The European Union is committed to the principle of the free movement of people within its frontiers, which is central to the concept of EU citizenship. But this principle has given rise to concerns caused by the inclusion of more Eastern European countries with much lower wages. Many people in Germany, Britain, 11 EEAG Report 2015 Summary the Netherlands, Austria and other “old EU” members, particularly those with low skills in precarious low-wage jobs, who are threatened by unemployment and disadvantaged in housing markets, fear the consequences of the unlimited movement of workers from the East. They fear that their wage and job prospects may be undermined by the employment of immigrant workers at lower salaries; that incoming migrants may push up rents and property prices; that migrants may impose greater burdens on the welfare state, particularly if they (the migrants) have lower skills and wages than the indigenous population, are more prone to unemployment, and likely to pay lower taxes. The debate about migration and public policy has become highly charged as a result. Details

  7. Authors: The Members of the European Economic Advisory Group at CESifo

    Authors of the Report on the European Economy 2015 Details

  8. Summary

    Chapter 1 of the report discusses the immediate macroeconomic outlook for the global economy, with a particular focus on the European situation. Chapter 2 focuses on Switzerland, and specifically on the lessons that Europe can learn from the Swiss experience in maintaining cohesion while supporting diversity, and in reaching pragmatic compromises in the creation of common institutions and policies. Chapter 3 analyses the much debated issue of austerity and highlights that fiscal discipline is not only needed to ensure the long-term sustainability of public debt, but also for external rebalancing, which is vital to the long-term sustainability of the euro. Finally, Chapter 4 looks at plans and measures to implement a banking union in Europe and discusses who will pay for future banking crises, and who will end up footing the bill for the latest crisis. Details

  9. Foreword

    Buoyed by the uptick in the world economy, the performance of the euro area continued to improve somewhat during 2014. However, it remains weak, with discrepancies across EU member states where political uncertainties and economic rigidities persist. The government bond purchases by the European Central Bank now give new hope for southern Europe and France, as it may well depreciate the euro and help overcome their competitive crises, inflating Germany and other northern euro countries in the process. Details

  10. Recommendations for Europe

    Chapter 2 The European Energy Conundrum: Power Failure / Formulate an effective bargaining strategy to ensure a global reduction in CO2 emissions / Establish a European energy union with a single market that does not discriminate against suppliers from other countries. / Eliminate fixed feed-in tariffs as incompatible with a Europe-wide energy strategy / Commit to price flexibility in energy markets following the logic of unbundling, which means separating suppliers from energy producers and delivery systems (pipelines, grids)./ Provide public investment in the enhanced connectivity of energy networks like gas pipelines and power transmission lines. Chapter 3 European Regional Disparity: Borders Strike Back / Coordinate policy reforms across euro area countries. / Countries in which the crisis has permanently changed the growth outlook need to accept some degree of fiscal austerity and embrace downward wage flexibility. / Periphery countries should make their labour markets more flexible. / The fiscal policy framework in the periphery countries should be strengthened to lend more credibility to the fiscal programs. Chapter 4 Banking Union: Who should take charge? / The ECB’s Comprehensive Assessment of Financial Institutions needs to be as rigorous and transparent in reality as claims suggest it will be. / Clarification of who will pay for the legacy problems revealed by the Comprehensive Assessment is essential. / The list of creditors exempt from bailing-in should be kept short. Details


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