Guntram Wolff is an economist and think tank manager. From 2022 to 2024, he was the Director and CEO of the German Council on Foreign Relations
DGAP. From 2013 to 2022, he was the Director of
Bruegel. He is a honorary professor at the Willy Brandt School of Public Policy at University Erfurt and was a (part-time) Professor at the Solvay school of Université libre de Bruxelles. Under his leadership,
Bruegel became a leading institute for European economic policy and has been ranked the top international think tank outside of the US by the University of Pennsylvania Think tank ranking (
UPenn ranking). His research is focused on European political economy, climate change, geoeconomics and macroeconomics and has been published in academic journals such as Nature, Science, Nature Communications, Energy Policy, Climate Policy, Research Policy, Journal of European Public Policy, European Journal of Political Economy, Public Choice and Journal of Banking and Finance. He regularly testifies to the European Union Finance Ministers’
ECOFIN meeting, the
European Parliament, the German Parliament (
Bundestag) and the French Parliament (
Assemblée Nationale). From 2012 until 2016, he was a member of the
Conseil d'Analyse Économique (CAE) under successive Prime Ministers
Jean-Marc Ayrault and
Manuel Valls.
Education
Wolff holds a PhD from the
University of Bonn, studied economics in Bonn,
Toulouse,
Pittsburgh and
Passau. He is fluent in German, English, French and has some knowledge of Bulgarian and Spanish.
Career
Wolff joined Bruegel from the
European Commission, where he worked on the macroeconomics of the
euro area and the reform of euro area governance. Prior to joining the Commission, he was coordinating the research team on fiscal policy at
Deutsche Bundesbank. He also worked as an adviser to the
International Monetary Fund (IMF).
In 2013, Wolff joined the Glienicker Gruppe, a group of pro-European lawyers, economists and political scientists founded by
Jakob von Weizsäcker and
Maximilian Steinbeis.[1]
From 2012-16, he was a member of the French Council of economic advisors (Conseil d'analyse économique).
In 2018, IMF Managing Director
Christine Lagarde appointed Wolff to the External Advisory Group on Surveillance, a group mandated to review the Fund's operational priorities through 2025.[2] In early 2021, he was appointed by the
G20 as panel member and project director in charge of the High Level Independent Panel (HLIP) on financing the global commons for pandemic preparedness and response, co-chaired by
Ngozi Okonjo-Iweala,
Tharman Shanmugaratnam and
Lawrence Summers.[3]
In 2020,
Business Insider ranked him one of the 28 most influential power players in Europe “hashing out the rules of everything”. he is also ranked one of the top 100 German speaking economists by
FAZ and top 5% of the more than 60000 registered economists on
Repec.
Gas and Energy Security in Germany and Central and Eastern Europe, Energy Policy, 2023 (with Alexandra Gritz),
DOI
Dealing with Europe’s Economic (In-)security, Global Policy, 2023 (with Federico Steinberg),
DOI.
A green fiscal pact for the EU: increasing climate investments while consolidating budgets, Climate Policy, 2022 (with Zsolt Darvas),
DOI.
The effect of Covid certificates on vaccine uptake, public health and the economy, Nature communications, 13, 3942 (2022), (with Miquel Oliu-Barton, Bary Pradelski, Nicolas Woloszco, Lionel Guetta-Jeanrenaud, Philippe Aghion, Patrick Artus, Arnaud Fontanet, Philippe Martin),
DOI.
How to weaken Russian oil and gas strength, Science, (letter), Vol 376 (6592), p. 469, 2022, (with Ricardo Hausmann, Agata Łoskot-Strachota, Axel Ockenfels, Ulrich Schetter, Simone Tagliapietra, Guntram Wolff, Georg Zachmann),
DOI
The global quest for green growth: an economic policy perspective, Sustainability, 14(9), 5555, 2022, (with Klaas Lenaerts and Simone Tagliapietra),
DOI
Three ways Europe could limit Russian oil and gas revenues, Nature, (correspondence) Vol 604, 246, 2022, (with Axel Ockenfels and Simone Tagliapietra),
DOI
What drives implementation of the European Union's policy recommendations to its member countries?, Journal of Economic Policy Reform, 2022, (with Konstantinos Efstathiou),
DOI
The Kremlin's gas wars: How Europe can protect itself from Russian blackmail, Foreign Affairs, 27 February 2022 (with Niclas Poitiers, Simone Tagliapietra and Georg Zachmann) (
link).
Elimination versus mitigation of SARS-CoV-2 in the presence of effective vaccines, Lancet Global Health,
DOI, with M. Oliu-Barton, B. Pradelski, Y. Algan, M. Baker, A. Binagwaho, G. Dore, A. El-Mohandes, A. Fontanet, A. Peichl, V Priesemann, G. Yamey, J. Lazarus.
Conditions are ideal for a new climate club, with
Simone Tagliapietra, Energy Policy,
DOI
Form a climate club: United States, European Union and China, with
Simone Tagliapietra, Nature, 591, pp 526–528,
DOI.
Hybrid and cybersecurity threats and the European Union's financial system, with
Maria Demertzis, Journal of Financial Regulation, Oxford University Press, Vol 6(2), pp. 306–16, 2020,
DOI.
What are the prerequisites for a euro area fiscal capacity?, with
Maria Demertzis, Journal of Economic Policy Reform, Vol 23(3), 2019,
DOI.
Capital markets union and the fintech opportunity, with
Maria Demertzis and
Silvia Merler, Journal of Financial Regulation, Oxford University Press, Vol 4(1), 2018,
DOI
Explaining the Evolving Role of National Parliaments Under the European Semester, with
Mark Hallerberg and
Benedicta Marzinotto, Journal of European Public Policy, 25(2), pp 250–267, 2017, (
DOI)
Capital markets union: a vision for the long term, with
Nicolas Veron, Journal of Financial Regulation, Oxford University Press, Vol 2(1), 2016
DOI.
Rules and risk in the euro area, with
Anna Iara, European Journal of Political Economy, 34, pp 222–236, 2014, (
doi)
Identifying discretionary fiscal policy reactions with real time data, with
Ulf von Kalckreuth, Journal of Money, Credit and Banking 2011,
DOI .[7]
Heterogeneity in money holdings across euro area countries: the role of housing, with
Ralph Setzer and
Paul van den Noord, European Journal of Political Economy,
DOI
The macroeconomic effects of exogenous fiscal policy shocks in Germany: a disaggregated SVAR analysis with
Kirsten H. Heppke-Falk and
Jörn Tenhofen, Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 230 (3), 2010.
The German sub-national government bond market: structure, determinants of yield spreads and Berlin's foregone bail-out with
Alexander Schulz, Journal of Economics and Statistics – Jahrbücher für Nationalökonomie und Statistik, 229(1), 61-83, 2009.
Fiscal institutions, fiscal policy and sovereign risk premia in EMU with
Mark Hallerberg, Public Choice, 136(3-4), 379-396, 2008. (Springer online [8])
The effectiveness of subsidies revisited: accounting for wage and employment effects in business R&D with
Volker Reinthaler, Research Policy, 37, 1403–1412, 2008.[9]
Fool the markets? Creative accounting, fiscal transparency and sovereign risk premia with
Kerstin Bernoth, Scottish Journal of Political Economy, 55(4), 465-87, 2008 [11]
Foreign direct investment in the enlarged EU: do taxes matter and to what extent?, Open Economies Review 18(3), 327-46, 2007
DOI .
What do deficits tell us about debt? Empirical evidence on creative accounting with fiscal rules in the EU with Jürgen von Hagen, Journal of Banking and Finance, volume 30 (12), 3259-3279, 2006.
A Compromise Estimate of German Net National Product 1851-1913 and its Implications for Growth and Business Cycles with
Carsten Burhop, Journal of Economic History, volume 65 (3), p. 613-657, 2005.
^von Kalckreuth, ULF; Wolff, Guntram B. (2011). "Identifying Discretionary Fiscal Policy Reactions with Real-Time Data". Journal of Money, Credit and Banking. 43 (6): 1271–1285.
doi:
10.1111/j.1538-4616.2011.00425.x.
^Hallerberg, Mark; Wolff, Guntram B. (2008). "Fiscal institutions, fiscal policy and sovereign risk premia in EMU". Public Choice. 136 (3–4): 379–396.
doi:
10.1007/s11127-008-9301-2.
S2CID73667209.
^Wolff, Guntram B.; Reinthaler, Volker (2008). "The effectiveness of subsidies revisited: Accounting for wage and employment effects in business R&D". Research Policy. 37 (8): 1403–1412.
doi:
10.1016/j.respol.2008.04.023.
hdl:10419/39482.