WHO IS GOING TO PAY FOR ALL THIS?
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WHO IS GOING TO PAY FOR ALL THIS?
Robert Misik in dialogue with Jens Südekum, Professor of Economics at the University of Düsseldorf
„The economist of the powerful“ is what the Frankfurter Allgemeine Sonntagszeitung recently called the economics professor from Heinrich Heine University in Düsseldorf. In the biggest economic crisis in a long time, both the Berlin Finance Minister and the Economics Minister are listening to the economic researcher, who has been urging the German state to invest more to replace ailing infrastructure or support new technologies for years. Südekum has repeatedly criticised the debt brake enshrined in the German constitution and is also in favour of greater integration within the monetary union. „This economic stimulus programme really packs a punch,“ he now says and warns against focusing too much on the question of how the debts incurred are to be repaid. After all, countries do not usually repay their debts. Whether a state is „too indebted“ depends less on the amount of debt than on many other factors. Südekum will explain what makes a good economic stimulus programme and why government debt should be the least of our problems in a way that is easy to understand, even for interested laypeople.
Jens Südekum (born 1975 in Goslar) has been Professor of International Economics at the Düsseldorf Institute for Competition Economics (DICE) at Heinrich Heine University Düsseldorf since 2014. He is also a Research Fellow at the Centre for Economic Policy Research (CEPR), the CESifo Institute, the Institute for Employment Research (IAB) and the Institute for the Study of Labour (IZA).
Robert Misik talks to him about politics with "oomph", economic stimulus programmes and the widespread fears that countries are running out of money and a debt crisis could be imminent.
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