Marcel Fratzscher

Writing for PS since 2013
14 commentaries
0 videos & podcasts

Marcel Fratzscher, a former senior manager at the European Central Bank, is President of the think tank DIW Berlin and Professor of Macroeconomics and Finance at Humboldt University of Berlin.

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Lagarde’s ECB Must Modernize
John Thys/AFP/Getty Images

Lagarde’s ECB Must Modernize

Aug 2, 2019 Marcel Fratzscher says the European Central Bank must take five steps to secure its effectiveness in the years ahead.

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Is Germany Catching Trump’s Tax Disease?
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Is Germany Catching Trump’s Tax Disease?

Jan 26, 2018 Marcel Fratzscher urges the incoming government to adopt a more targeted – and beneficial – approach to fiscal policy.

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Angela Merkel’s New Germany
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Angela Merkel’s New Germany

Nov 13, 2017 Marcel Fratzscher says that the German chancellor's most consequential achievement is not economic.

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Germany’s Misunderstood Trade Surplus
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Germany’s Misunderstood Trade Surplus

Mar 7, 2017 Marcel Fratzscher rebuts the argument that the world's export powerhouse is manipulating the euro's exchange rate.

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Will Europe Let Germany Lead?
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Will Europe Let Germany Lead?

Dec 27, 2016 Marcel Fratzscher says some EU governments are bashing Angela Merkel to deflect attention from their own performance.

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The Economic Consequences of Automation

Robert Skidelsky

Economic theory does not provide a clear answer regarding the overall impact of technological progress on jobs. And even if automation has traditionally been beneficial in the long run, policymakers should never ignore its disruptive short-term effects on workers.

Jerome Powell’s Dilemma

Carmen M. Reinhart & Vincent Reinhart

There is a reason that the US Federal Reserve chair often has a haunted look. Probably to his deep and never-to-be-expressed frustration, the Fed is setting monetary policy in a way that increases the likelihood that President Donald Trump will be reelected next year.

Brexit House of Cards

Mark Malloch-Brown

Following British Prime Minister Boris Johnson's suspension of Parliament, and an appeals court ruling declaring that act unlawful, the United Kingdom finds itself in a state of political frenzy. With rational decision-making having become all but impossible, any new political agreement that emerges is likely to be both temporary and deeply flawed.