In the Ifo Viewpoint releases we present the Ifo perspective on topical issues in economic policy.
Munich, 14 May 2014 Thomas Piketty’s book on inequality hit a sensitive spot with the Americans. It channelled the mounting dissatisfaction in a country that lacks a robust welfare system and a more progressive tax system. His book has a whiff of Karl Marx, with Piketty’s style of writing and Details
Munich, 12 May 2014 Quantitative Easing (QE), also quantitative Lockerung, heißt das neue Zauberwort der Europäischen Zentralbank (EZB). Gemeint ist das hinter verschlossenen Türen vorbereitete Programm zum Aufkauf privater und staatlicher Wertpapiere durch die EZB, das den Banken und der Wirtschaft Südeuropas helfen soll. Der EZB-Rat hat das Programm auf Details
Munich, 6 May 2014 The euro crisis has passed through six phases so far. It is worth recalling them, because they show how policymakers stumbled along, trying to put out fires without keeping an eye on where their chosen path was leading them. Currently, markets remain calm, but this is Details