Wiesbaden, 6 November 2019
The German Council of Economic Experts has presented its annual report entitled “Dealing with Structural Change” to the German Federal Government today. “In order to seize the opportunities presented by structural change, Germany does not need to reinvent its economic and industrial policy, but it should develop them further”, said Christoph M. Schmidt, chairman of the German Council of Economic Experts.
The German Council of Economic Experts is an independent academic body advising German policymakers on questions of economic policy. It was founded in 1963, and currently consists of five members: Prof. Dr. Christoph M. Schmidt, Prof. Dr. Dr. h.c. Lars P. Feld, Prof. Dr. Isabel Schnabel, Prof. Dr. Achim Truger and Prof. Volker Wieland, Ph.D. Prof. Schnabel is also Spokesperson of the Cluster of Excellence ECONtribute and Director of the Reinhard Selten Institute and Professor of Finance at University of Bonn.