Stefan Schäfer

Stefan Schäfer is a professor of economics at Hochschule Rhein/Main in Wiesbaden, Germany. He specializes in monetary policy and has contributed significantly to discussions surrounding the European Central Bank (ECB) and the history of the Euro. In recent commentary, he critiques the evolution of the ECB's role over the past two decades, arguing that it has shifted from a focused monetary authority to a more generalized institution tasked with fulfilling various political and economic expectations, which he believes undermines its independence and effectiveness.