German Austerity vs. US Stimulus

German Austerity vs. US Stimulus

A panel discussion with Professor Klaus F. Zimmermann from the Institute for the Study of Labor at the University of Bonn, Germany, and Catherine L. Mann, Barbara and Richard M. Rosenberg Professor of Global Finance at the Brandeis International Business School. Internationally respected experts in their field, the panelists will explain the different steps that were taken in both countries in reaction to the global economic crisis - and why Germany is celebrating another 'Wirtschaftswunder' [economic miracle] now while the US economy is still in the doldrums.

Professor Klaus F. Zimmermann

Since 1998 Full Professor of Economics at Bonn University and Director of the Institute for the Study of Labor (IZA Bonn). President of the German Institute for Economic Research (DIW Berlin, since 2000), Honorary Professor of Economics at the Free University of Berlin (since 2001), and Honorary Professor at the Renmin University of China (since 2006). He is also Chairman of the Society of the German Economic Research Institutes (ARGE) (since 2005), is a member of the German Academy of Sciences Leopoldina (since 2001), the World Economic Forum's Global Agenda Council on Migration (since 2009) and of the Academia Europaea (since 2010). Among his various fellowships are positions as Research Fellow of the Centre for Economic Policy Research (CEPR) in London (since 1990), Associate Research Fellow of the Centre for European Policy Studies (CEPS) in Brussels (since 2001), Research Associate of the Center for Comparative
Immigration Studies (CCIS) at the University of California-San Diego (since 2001), and Fellow of the European Economic Association (since 2004). Klaus F. Zimmermann studied economics and statistics at the University of Mannheim, where he received his degree as Diplom Volkswirt, his doctor degree and his habilitation. From 1989-1998 he was Full Professor of Economic Theory at the University of Munich, and Director of the SELAPO Center for Human Resources in Munich; from 1993-1995 he was Dean of the Faculty of Economics, University of Munich. He has been advisor to the President of the EU Commission (2001-2003 and 2005-2009), economic advisor to the Prime Minister of North Rhine-Westphalia (2008-2010), and has also advised many national governments and various divisions of the EU Commission. Since 1988 Editor-in-Chief of the Journal of Population Economics, previously (1995-1998) Managing Editor of Economic Policy. He is the author or editor of 37 books and 103 papers in refereed research journals and 130 chapters in collected volumes. His current research interests are in migration, labor economics and population economics, with a particular focus on ethnicity and identity.

Professor Catherine L. Mann

Dr. Catherine L. Mann is the Barbara and Richard M. Rosenberg Professor of Global Finance and serves as the director of the Rosenberg Institute. She is also a Senior Fellow at the Peterson Institute for International Economics, Washington DC. She joined Brandeis after more than 20 years working in policy institutions and think tanks in Washington DC, including the Institute for International Economics, the Federal Reserve Board of Governors, the President's Council of Economic Advisors at the White House, and the World Bank. Her current research focuses on two related topics: information technology and services trade in global markets, and the US trade deficit and the dollar.

On the economic and policy implications of globalization of information technology and services, she authored Accelerating the Globalization of America: The Role for Information Technology (2006) and Global Electronic Commerce: A Policy Primer (2000); as well as numerous articles, including “Assessing the Potential Benefit of Trade Facilitation: A Global Perspective,” in World Economy (2005) and “The US Current Account, New Economy Services, and Implications for Sustainability,” in Review of International Economics (2004).

On the economic and policy implications of the US current account and dollar exchange rate, she authored Is the US Trade Deficit Sustainable? (1999) and notable articles including: “Managing Exchange Rates: Evidence of Global Re-balancing or Global Co-dependency?” in Business Economics (2004) and “Perspectives on the US Current Account Deficit and Sustainability,” in Journal of Economic Perspectives (2002).