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Economist Ulrike Malmendier exits Germany's top advisory council amid expertise debate

A star economist's exit reveals deeper divides in Germany's economic policy. Was it expertise—or politics—that tipped the scales?

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The image shows a poster with the words "Trickle-Down Economics Doesn't Work" written in bold, black lettering against a white background. The poster is framed by a thin black border, and the text is accompanied by a quote from President Biden, emphasizing the importance of the message.

Economist Ulrike Malmendier exits Germany's top advisory council amid expertise debate

Ulrike Malmendier has left the German Council of Economic Experts after three and a half years. Her departure on 28 February follows a term that began in 2022. Former council chair Lars Feld has now weighed in on the reasons behind her exit.

Feld described Malmendier as an outstanding economist, free from political bias. He dismissed claims from CDU circles that she lacked commitment to free-market principles. Instead, he suggested her exit might stem from a gap in the council's expertise on macroeconomics and international economic relations.

Her departure marks the first chance in years to address this shortfall, according to Feld. He also raised the possibility of political motivations behind the decision. While supporting her work, he acknowledged that the council now faces an opportunity to reshape its focus.

Malmendier's exit leaves a vacancy on the influential panel. Feld's comments highlight both her professional strengths and the council's need for broader expertise. The next steps in filling her position remain unclear.

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