Peter Bofinger is Professor for Monetary Policy and International Economics at the University of Wuerzburg, member of the German Council of Economic Experts and a research fellow at the Center for Economic Policy Research, (CEPR) London. He received his doctoral level at Saarland University. Previously he was economist at the Bundesbank, visiting scholar at the Federal Reserve Bank of St. Louis and at the IMF, and professor at the Universities of Kaiserslautern and Konstanz. He is author of textbooks on macroeconomics and monetary economics (Monetary Policy: Goals, Institutions, Strategies, and Instruments) as well as general interest books on economic issues.