Public debt and inflation: Perspectives for the UK and Germany
4 December 2025, 5:30 pm – 7:00 pm
Location: NIESR, 2 Dean Trench Street, Smith Square, London SW1P 3HE
Think tank: National Institute of Economic and Social Research (NIESR)
This event hosted by UK think tank NIESR discusses public debt and inflation in the UK and Germany.
For the 2025 Anglo-German Lecture, Professor Michael Krause from the University of Cologne will speak on public debt and inflation in the UK and Germany.
Both the UK and Germany face unprecedented economic and fiscal challenges, among them slow growth, aging population, rising budget deficits, in an environment of international economic and political instability. Former strengths appear to have become weaknesses and both countries look for paths out of the stagnation. With high public debt, central banks face implicit and explicit pressures to accommodate fiscal policy. This talk discusses differences and similarities in the fiscal and monetary policy challenges both countries face, in particular regarding price stability.
About the Speaker
Professor Michael Krause is a Professor of Macroeconomics at the Faculty of Business Administration, Economics and Social Sciences at the University of Cologne. He also serves as the Director of the Institute for Economic Policy. Before joining the university, he was a Senior Research Economist at the Deutsche Bundesbank and an Assistant Professor at Tilburg University. Professor Krause earned his Ph.D. in Economics from Yale University and a Diploma in Economics from the University of Bonn, with research interests focused on business cycle macroeconomics, monetary and fiscal policy, and labor markets.
