Peter Bofinger


Peter Bofinger is a graduate of the University of Saarbrücken, having received his Diplom-Volkswirt in 1978, his Ph.D. in 1984, and then his Habilitation and venia legendi in economics in 1990.

Dr Bofinger is currently Full Professor of Economics, Money and International Economic Relations (C4 chair) at the University of Würzburg, a position he has held since August 1992. From March 2004 until February 2019, he was also a Member of the German Government’s Council of Economic Advisors (Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung).

Dr Bofinger initially began his career in 1978 as an Economist, Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung (German Council of Economic Advisors), Wiesbaden, before moving on in 1981 to become a Lecturer (Wissenschaftlicher Mitarbeiter), at the Department of Law and Economics, University of Saarbrücken. Between 1984 and 1990, he was an Economist with the Deutsche Bundesbank. From 1990 until 1992, he was a visiting Professor at the University of Kaierslautern, followed by University of Konstanz and finally the University of Würzburg.

Aside from these positions, Dr Bofinger has also been a Visiting Scholar in the Research Department at the International Monetary Fund and at the Federal Reserve Bank of St. Louis. From 2003 until 2004 he was First Vice President of the University of Würzburg.

Dr. Bofinger has written many books on economics and monetary economics. He has worked as an advisor for European and International Institutions.

His main fields of research are monetary and exchange rate economics, financial markets and economic reforms in developed and emerging market economies.

By this expert

A Nobel Award for the Wrong Model

Article | Oct 18, 2022

Diamond-Dybvig-Bernanke is a flawed model of banking that has no room for a lender of last resort

Best of Mankiw: Errors and Tangles in the World's Best-Selling Economics Textbooks

Article | Jan 3, 2021

On the occasion of the ASSA 2021 Virtual Annual Meeting (Jan. 3-5), Peter Bofinger presents a “10 Best of” Mankiw list

Modeling the Financial System with a Corn Economy – “misleading and disastrous”

Article | Jan 3, 2020

A critique of Mankiw’s Macroeconomics

The Mechanics of Cryptocurrency

Article | Aug 15, 2018

INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”

Featuring this expert

Young Scholars Initiative Early Career Days

Event Conference | Nov 18–20, 2021

publishing • the job market • writing • teaching • mental health • work-life balance

Bofinger's INET article is listed on Daily Kos’s Week-end recommended reading list.

News Jan 25, 2021

“Best of Mankiw: Errors and Tangles in the World’s Best-Selling Economics Textbooks Peter Bofinger, former member of the German Council of Economic Experts [Naked Capitalism January 4, 2021] Mankiw has been lambasted a number of times by Adbusters, the Canadian group which originated the call for mass protests that became Occupy Wall Street. Also see Toxic Textbooks: “Mankiw’s textbook seems an ideal place to look for clues as to how both the economics profession and the public which it educates became so ignorant, misinformed and unobservant of how economies work in the real world.” The problem with the leadership of the Democratic Party at the state and national levels is not the caricature of maliciousness that the Trumpists believe, and which the Republicans have used to “feed red meat to their base,” but merely that the leadership has been taught, and believes and swills, the snake oil Mankiw peddles. Below, just a small sample of Bofinger’s detailed take-down of Mankiw.” — NB Books Community, Daily Kos

Bonds or Bust!

George Soros: Proposal for Perpetual Bonds — A Discussion on the Future of European Fiscal Capacity

YSI Event Discussion YSI | Dec 4, 2020

George Soros’ latest op-ed in the Project Syndicate reasserts his view how perpetual bonds could help the European Union overcome its deadlock on fiscal spending.

Pope Francis Joins Joe Stiglitz and Rob Johnson in Creating New Economic Thinking

News May 13, 2019

INET Global Commission to collaborate with Pope Francis and Scholas Occurrentes on bringing the voices of young people into the economics profession