Ulrike Malmendier, a professor of economics, faces potential removal from the advisory council often referred to as the “Wirtschaftsweise”. Her term is set to expire on February 28, and the federal government could extend it for several more years. However, a report from “Handelsblatt” citing government sources indicates resistance brewing within the administration itself. The CDU faction has apparently raised reservations about any extension, and the negotiations remain ongoing. The Ministry of Economics initially left a request unanswered. Malmendier joined the council in 2022; her expertise lies in capital markets and behavioral economics, and she conducts research at the University of California, Berkeley.
Politics
