08.07.2020 - Society & Finance

by Marius Kleinheyer

Germans are worried about national debt and expect higher inflation rates and rising share prices in the coming years - but as investors they are not taking action.

16.06.2020 - Society & Finance

by Marius Kleinheyer

The German hyperinflation of 1923 is a formative historical event that should be understood as a warning today. If the stability of the value of money is sacrificed to political goals, there is a threat of complete collapse, not only of money, but of ...

02.01.2020 - Society & Finance

by Marius Kleinheyer

The German pension system is in crisis because of the decline in the birth rate. It would be necessary to reduce the Pay-As-You-Go (PAYG) pension to a basic provision and to build up a funded pension scheme to secure living standards. However, it is ...

28.02.2020 - Society & Finance

by Marius Kleinheyer & Thomas Mayer

Confidence is essential for the existence of EMU. But it can only be won if the ECB's policies are explained in a way that is comprehensible to the public. This is impossible in the case of the ECB's negative interest rate policy.

25.11.2019 - Society & Finance

by Marius Kleinheyer & Thomas Mayer

Financial advice is a credence good. A survey of financial advisors indicates how stronger trust can be established from the advisors' point of view.

04.11.2019 - Society & Finance

by Marius Kleinheyer

Since the financial crisis, investors and central banks have increasingly focused on the price of gold again. This development reflects the loss of confidence in the international monetary order and the underlying credit money system.