From 1982 to 1987 I studied Economics and History at Justus-Liebig-University Giessen, Germany; main fields: microeconomics, economic policy, public finance, international economics, economic history, German political history; from 1987 to 1990 Graduate Studies in Economics (Dr. rer. pol., summa cum laude). From 1991 to 1999 I served as Staff member and Secretary General of the German Council of Economic Experts; than I worked as Chief Economist at DekaBank (1999-2004). In 2001 I became Honorary Professor for Economics at the European Business School. Since 2004 I am Director of the German Economic Institute (Cologne), a private think tank that covers all aspects of economic development and economic policy in the national, European and global context. In 2009 I received the Order of Merit of the Federal Republic of Germany from the Federal President. 2016 I was Gerda Henkel Visiting Professor, Department of German Studies, Stanford.
Among other things, I am Member of the Supervisory Board of Allianz Global Investors, Munich (since 2008); Chairman of the Supervisory Board of TÜV Rheinland AG, Cologne (since 2019), Deputy Chairman of the Board of Atlantik-Brücke (since 2019), and Member of the Board of Trustees of the German Development Institute, Bonn (since 2020).
Selected current publications: Exhausted Globalisation. Between the Transatlantic Orientation and the Chinese Way, Cambridge Scholars Publishing, Cambridge, 2018 (with Matthias Diermeier and Henry Goecke); When Low Interest Rates Cause Low Inflation (with Markus Demary), Intereconomics, Review of European Economic Policy, Vol. 50 (2015), No.6, pp. 350-354; Regional convergence in Europe (with Henry Goecke), Intereconomics, Review of European Economic Policy, Vol. 51 (2016), No. 3, pp. 165-171; Perception and Reality—Economic Inequality as a Driver of Populism? (with Matthias Diermeier), Analyse&Kritik, Journal of Philosophy and Social Theory, Vol. 41/2 (2019), pp. 337-357; Looking Back to the Future: Time Strata and Economic Analysis; Journal of Contextual Economics, Vol. 138 (2018), pp. 89-116; Why the COVID-10 Pandemic Could Increase the Corporate Saving Trend in the Long run (with Markus Demary and Stefan Hasenclever), Intereconomics, Review of European Economic Policy, Vol. 56 (2021), No. 1, pp. 40-44.