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Clemens Fuest

Clemens Fuest

11 commentaries
1 videos & podcasts

Clemens Fuest, President of the Ifo Institute, is Professor of Economics at the University of Munich.

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  1. Climate Adaptation Is as Imperative as Mitigation
    fuest11_ STRAFP via Getty Images_flood STR/AFP via Getty Images

    Climate Adaptation Is as Imperative as Mitigation

    Aug 22, 2024 Clemens Fuest & Maria Waldinger urge governments and businesses to help communities adjust to the inevitable consequences of global warming.

  2. Europe Must Avoid a Subsidy Race
    fuest10_ Alberto OrtegaEuropa Press via Getty Images_europeenergy Alberto Ortega/Europa Press via Getty Images

    Europe Must Avoid a Subsidy Race

    Oct 12, 2022 Clemens Fuest worries that national governments will move ahead with beggar-thy-neighbor energy policies.

  3. How to Tax Energy Companies’ Windfall Profits
    op_fuest1_ INA FASSBENDERAFP via Getty Images_electricity Ina Fassbender/AFP via Getty Images

    How to Tax Energy Companies’ Windfall Profits

    Oct 7, 2022 Clemens Fuest & Axel Ockenfels consider the underappreciated difficulties of implementing new levies without creating unwanted side effects.

  4. The ECB’s Toxic Bond-Purchase Program
    feld2_Jim DysonGetty Images_euros tpi Jim Dyson/Getty Images

    The ECB’s Toxic Bond-Purchase Program

    Jul 27, 2022 Lars P. Feld, et al. warn that the European Central Bank’s new anti-fragmentation instrument risks destabilizing the eurozone.

  5. Don’t Raise the Eurozone’s Public-Debt Limit
    fuest8_Adam BerryGetty Images_eu public debt Adam Berry/Getty Images

    Don’t Raise the Eurozone’s Public-Debt Limit

    Jun 15, 2022 Clemens Fuest urges policymakers to focus on increasing the quality, not the quantity, of public spending.

  1. klee23_Per-Anders Pettersson Getty Images_worldbank Per-Anders Pettersson/Getty Images
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    Has Escaping the Middle-Income Trap Become Easier?

    Keun Lee urges the World Bank to adopt a more reliable measure of economic development than nominal per capita GDP.
  2. fofack29_eric1513Getty Images_dedollarization eric1513/Getty Images
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    Trump Can’t Stop De-Dollarization

    Hippolyte Fofack thinks the benefits of reducing reliance on the greenback will outweigh the costs of retaliatory US tariffs.
  3. yoon32_Han Myung-GuGetty Images_southkoreaimpeachment Han Myung-Gu/Getty Images
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    South Korea’s Constitution Needs Fixing

    Yoon Young-kwan

    South Korea's latest political crisis is further evidence that the 1987 constitution has outlived its usefulness. To facilitate better governance and bolster policy stability, the country must establish a new political framework that includes stronger checks on the president and fosters genuine power-sharing.

     argues that breaking the cycle of political crises will require some fundamental reforms.
  4. vbadre2 image Frédéric BAZILLE, Edouard MANET, L’Atelier de Bazille Studio, 1870
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    The Lost Art of Collaboration

    Vanessa Badré mines a nineteenth-century painting for insights into trust-building, creativity, and cooperation.
  5. op_aschechter2_BRENDAN SMIALOWSKIAFP via Getty Images_trump Brendam Smialowski/AFP via Getty Images
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    PS Commentators’ Predictions for 2025

    PS editors

    Among the major issues that will dominate attention in the next 12 months are the future of multilateralism, the ongoing wars in Ukraine and the Middle East, and the threats to global stability posed by geopolitical rivalries and Donald Trump’s second presidency. Advances in artificial intelligence, if regulated effectively, offer a glimmer of hope.

     asked PS contributors to identify the national and global trends to look out for in the coming year.
  6. adebajo12_FADEL SENNAAFP via Getty Images_USmilitaryafrica Fadel Senna/AFP via Getty Images
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    What Trump’s Return Means for Africa

    Adekeye Adebajo expects a continuation of America's longstanding attitude of benign neglect toward the continent.
  7. hodgkins1_Ulet IfansastiGetty Images_mine Ulet Ifansasti/Getty Images
    Free to read
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    The False Promise of “Responsible Mining”

    Chelsea Hodgkins lambasts a corporate-led voluntary global standard that would harm communities and pose risks for automakers.
  8. elerian175_Spencer PlattGetty Images_nyse Spencer Platt/Getty Images
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    A Baseline Scenario for the Global Economy in 2025

    Mohamed A. El-Erian offers his predictions for the new year while acknowledging that the range of possible outcomes is widening.
  9. ruto6_LUIS TATOAFP via Getty Images_africafloods Luis Tato/AFP via Getty Images
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    A New Deal for Developing Countries

    William Ruto explains what climate-vulnerable Africa will need to strengthen their resilience and sustain economic growth.

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