Nils Redeker quoted in Bloomberg
Many Germans are sceptical about the loose monetary policy of the European Central Bank in recent years. It is often assumed that this scepticism is rooted in German history and the devastating effects of extensive inflation during the Weimar Republic. In a new policy paper titled 'The Germans and Inflation: A Historical Misunderstanding', our Policy Fellow Nils Redeker and his co-authors dig deeper into the sources of the German aversion to expansionary monetary policy. This study explains why many Germans have a deeply flawed understanding of their own history.