Peter Bofinger

Peter Bofinger is Professor for Monetary Policy and International Economics at the University of Würzburg and Research Fellow at the Center for Economic Policy Research (CEPR), London. His career includes positions as Economist at the Deutsche Bundesbank, Visiting Scholar at the Federal Reserve Bank of St. Louis and the IMF, and professorships at the Universities of Kaiserslautern and Konstanz. From 2004 to 2019 he served as a member of the German Council of Economic Experts.

Research Focus

• Monetary policy theory and practice, including the concept of the natural rate of interest (r*)
• International macroeconomics and exchange-rate regimes
• Digital currencies, stablecoins, and central-bank digital currencies (CBDC)
• Finance–growth nexus through a Schumpeterian lens, emphasizing banks’ role in liquidity creation
• Financial stability and the macroeconomic consequences of banking regulation

Recent publications (2020-2025) reveal a consistent emphasis on how modern monetary systems—especially private digital monies and CBDC—affect macroeconomic stability and growth. Collaborative work with Thomas Haas, Fabian Mayer, and Lisa Geißendörfer applies both theoretical and empirical methods to test Schumpeterian hypotheses, reassess the finance–growth relationship, and evaluate policy implications of new monetary technologies.

Scientific Contributions

• Textbooks: Monetary Policy: Goals, Institutions, Strategies, and Instruments
• Policy columns on VoxEU addressing central-bank independence, bank capital regulation, and European recovery strategies
• CEPR Discussion Papers spanning stablecoins, r* estimation, cryptocurrency competition, and Schumpeterian finance theory

Advising & Grants

During his 15-year tenure on the German Council of Economic Experts, Bofinger shaped national and European macroeconomic policy debates. No specific doctoral students or funded projects are named in the supplied material.