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Prof. Dr. Lars P. Feld, Full Professor of Economics, particularly Economic Policy at the University of Freiburg; Director of the Walter Eucken Institute; Member of the German Council of Economic Experts (Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung); Member of the Scientific Advisory Board to the German Federal Finance Ministry (Lifetime Appointment); Member of the German Academy of Sciences Leopoldina; Member of the Kronberger Kreis; Research Associate at the Centre for European Economic Research (ZEW) Mannheim; Managing Editor of Perspektiven der Wirtschaftspolitik of the Verein für Socialpolitik; Research Fellow of the SIAW-HSG at the University of St. Gallen, of CESifo Munich and of CREMA Basel; Former President of the European Public Choice Society (2007-2009).

1993 Master in Economics (Dipl.-Volksw.), University of Saarland, Saarbrücken; 1999 Dr. oec. (eq. Ph.D.) and 2002 Habilitation, University of St. Gallen; 1998 Visiting Fellow at the University of Southern California and at the Université de Rennes 1 (France); 2002-2006 Professor of Economics at the University of Marburg; 2006-2010 Professor of Economics at the University of Heidelberg. Research Interests: Public Economics, Public Choice, Fiscal Psychology, Law and Economics; more specifically and recently research on tax competition, tax evasion and fraud, the shadow economy, institutional constraints on public debt, the effects of direct democracy on economic policy, judicial and prosecutorial independence, fraud in science. Numerous articles among others in the Journal of Public Economics, European Economic Review, Economic Inquiry, Scandinavian Journal of Economics, Public Choice, Economic Policy, Kyklos, Regional Science and Urban Economics, Southern Economic Journal, European Journal of Political Economy, German Economic Review.

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Towards a New Monetary Constitution in Europe: The Proposal of the German Council of Economic Experts (GCEE)

Paper Conference paper | | Apr 2013

After the announcement of Mario Draghi, the ECB president, to do “whatever it takes” to preserve the integrity of the European Monetary Union (EMU) in July 2012 and the establishment of the Outright Monetary Transactions (OMT) program in September 2012, the crisis of EMU is far from being resolved.