In the Ifo Viewpoint releases we present the Ifo perspective on topical issues in economic policy.
Munich, 31 March 2015 The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. In fact, there is only one difference between the two episodes: During today’s crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone’s financial Details
Munich, 18 March 2015 It has repeatedly been attempted in the media to demonstrate that taxpayers would not have to foot the bill should losses occur from the purchases of government bonds by the European Central Bank (ECB). The ECB balance sheet, it is asserted, is pure fiction. It can Details
Munich, 20 February 2015 More details about the European Commission’s 315 billion euros investment plan for 2015–2017 have finally come to light. The program, announced by European Commission President Jean-Claude Juncker in November, amounts to a massive shadow budget, twice as large as the European Union’s annual official budget, that Details