Clemens Fuest
{{short description|German economist (born 1968)}}
{{Use dmy dates|date=February 2021}}
{{Infobox economist
| name = Clemens Fuest
| image = 2012 Clemens.Fuest.at.Wissenschaftliche Round-Table-Jahrestagung 2012.jpg
| image_size =
| alt =
| caption = Fuest in 2012
| birth_date = {{birth date and age|1968|8|23|df=y}}
| birth_place = Münster, West Germany
| death_date =
| death_place =
| nationality = German
| institution = University of Munich
University of Oxford
Ifo Institute for Economic Research
| field = Financial economics
| school_tradition =
| alma_mater =
| education = Ruhr University Bochum
University of Mannheim
University of Cologne
| contributions =
| awards =
| repec_prefix = e
| repec_id = pfu13
| notes =
}}
Clemens Fuest (born 23 August 1968) is a German economist who has been President of the Ifo Institute for Economic Research and director of the Center for Economic Studies at the University of Munich (LMU) since 2016.
Education and career
Fuest was born in Münster in 1968 and grew up in Geseke with two brothers. His mother is French. Both parents were teachers.{{Cite web |date=2013-01-21 |title=Clemens Fuest: Ein Hofnarr vom alten Schlag |url=https://www.faz.net/aktuell/karriere-hochschule/mein-weg/clemens-fuest-ein-hofnarr-vom-alten-schlag-12028999.html |access-date=2024-08-06 |website=FAZ.NET |language=de}} His uncle was the financial economist Winfried Fuest.
Fuest obtained his Abitur from Gymnasium Antonianum Geseke in 1987. He studied economics at the Ruhr University Bochum from 1987 to 1989 and continued his studies at the University of Mannheim from 1989 to 1991, earning his degree in Economics in 1991. He pursued his doctoral studies at the University of Cologne from 1991 to 1994, receiving his Dr.rer.pol. summa cum laude in 1994 with a thesis on a fiscal constitution for the European Union.{{Cite web |date=2023-07-17 |title=Prof. Dr. Dr. h.c. Clemens Fuest {{!}} Team {{!}} ifo Institute |url=https://www.ifo.de/en/fuest-c |access-date=2024-08-06 |website=www.ifo.de |language=en}} From Cologne he moved to Munich to work with the economist Bernd Huber. In 2000, he completed his habilitation at the University of Munich. His research at the time focused on taxation policy and unemployment.
In 2008, Fuest served as a member of the Independent Expert Group to the Commission on Scottish Devolution.[http://www1.hw.ac.uk/reference/ieg-first-evidence.pdf First Evidence from the Independent Expert Group to the Commission on Scottish Devolution, November 2008] {{webarchive|url=https://web.archive.org/web/20081203001024/http://www1.hw.ac.uk/reference/ieg-first-evidence.pdf|date=3 December 2008}} Heriot-Watt University, Edinburgh. He was member and chairman of the Council of Economic Advisors at the German Federal Ministry of Finance.{{cite web |date=30 April 2011 |title=German Government Advisers See Greece Defaulting |url=http://wallstreetpit.com/72673-german-government-advisers-see-greece-defaulting/ |accessdate=21 October 2012 |work=Wall Street Pit}}
Between 2008 and 2013, Fuest was professor of business taxation at the University of Oxford and Research Director of the Oxford University Centre for Business Taxation, which is part of the Saïd Business School.{{cite news|url=http://www.sfgate.com/business/bloomberg/article/Euro-Leaders-Face-Month-of-Unrest-After-ECB-s-3907216.php|title=Euro Leaders Face Month of Unrest After ECB's September Rally|last=Donahue|first=Patrick|date=1 October 2012|work=San Francisco Chronicle|accessdate=21 October 2012}}
From March 2013 Fuest served as President of the Centre for European Economic Research (ZEW) in Mannheim and professor at the University of Mannheim.{{cite web|url=http://www.zew.de/en/press/1915/clemens-fuest-will-become-next-zew-president|title=ZEW Press Release: Clemens Fuest Will Become Next ZEW President|date=27 January 2012|accessdate=21 October 2012}} Since 2013, he has also been serving on the advisory board of the Stability Council, a body devised as part of Germany’s national implementation of the European Fiscal Compact. That same year, he joined Henrik Enderlein, Marcel Fratzscher, Jakob von Weizsäcker and others in founding the Glienicker Gruppe, a group of pro-European lawyers, economists, and political scientists.[http://www.glienickergruppe.de/ZEIT_Artikel%20der%20Glienicker%20Gruppe.pdf Mobil, gerecht, einig] Glienicker Brücke.
In 2014, Fuest was appointed by the Council of the European Union to be part of the High Level Group on Own Resources, led by Mario Monti.[http://ec.europa.eu/budget/mff/resources/ip01.cfm A way forward for financing the EU budget: Mario Monti presents the First Assessment Report by the High Level Group on Own Resources] European Commission, press release of 17 February 2014. Since 2015, he has been serving as one of two scientific advisers to the Commission on the Minimum Wage at the Federal Ministry of Labour and Social Affairs.
Personal life
Other activities
=Corporate boards=
- HSBC Trinkaus & Burkhardt, Member of the Advisory Board[http://www.about.hsbc.de/hsbc-in-germany/executive-bodies Advisory Board] HSBC Trinkaus & Burkhardt.
- Landesbank Baden-Württemberg (LBBW), Member of the Advisory Board (since 2014)[https://www.lbbw.de/media/investor_relations/pdf_investorrelations/2016/LBBW_Geschaeftsbericht_2015.pdf 2015 Annual Report] Landesbank Baden-Württemberg (LBBW).
- Ernst & Young Germany, Member of the Scientific Advisory Board (since 2008)[http://www.ey.com/DE/de/Services/Tax/Tax_Overview_Wissenschaftlicher_Beirat Members of the Scientific Advisory Board] Ernst & Young Germany.
=Non-profit organizations=
- Foundation for Family Businesses, Member of the Board of Trustees[https://www.familienunternehmen.de/en/board-of-trustees Board of Trustees] Foundation for Family Businesses.
- Hochschule für Bildende Künste Braunschweig, Member of the University Council (since 2011)
- European Academy of Sciences and Arts, Member (since 2010)
- International Institute of Public Finance (IIFP), Vice President of the Board (2009–2018), President of the Board (since 2018)
- Hanns Martin Schleyer Foundation, Friedwart Bruckhaus Prize, Member of the Jury
- Wirtschaftsrat der CDU, Member of the Scientific Advisory Board
- Institute for the Study of Labor (IZA), Fellow (since 2007)
- Hanns Martin Schleyer Foundation, Friedwart Bruckhaus Prize, Member of the Jury
- German Academy of Science and Engineering, Member
- American Economic Association, Member
=Editorial boards=
- Canadian Journal of Economics, Advisory Editor
- Fiscal Studies, Member of the Editorial Board
- Wirtschaftsdienst, Member of the Scientific Advisory Board[https://www.wirtschaftsdienst.eu/wissenschaftlicher-beirat.html Scientific Advisory Board] Wirtschaftsdienst.
- ORDO, Member of the Editorial Board[http://www.luciusverlag.com/buecher/neuerscheinungen/ordo_56.html Members of the editorial board of ORDO, listed on the publisher's webpage (German)]{{dead link|date=October 2012}}
Recognition
Clemens Fuest was awarded the Bayerischer Maximiliansorden für Wissenschaft und Kunst in 2023. His academic contributions were recognized with an Honorary Doctorate from the Karlsruhe Institute of Technology in 2017. In 1998 he won the Knut Wicksell Prize of the European Public Choice Society.
In 2013 he received the Gustav Stolper Award.[http://www.zew.de/en/presse/pressearchiv/zew-praesident-clemens-fuest-erhaelt-gustav-stolper-preis/ ZEW President Clemens Fuest Receives Gustav Stolper Award] Centre for European Economic Research (ZEW), press release of 6 September 2013.
References
{{Reflist|2}}
External links
- [https://www.cesifo-group.de/de/fuest-c Homepage at Ifo Institute]
{{Authority control}}
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Category:Academics of the University of Oxford
Category:University of Cologne alumni
Category:Academic staff of the Ludwig Maximilian University of Munich
Category:Ruhr University Bochum alumni