10 Aug 2022

SAFE Advisory Council member becomes German Economic Expert

Ulrike Malmendier, member of SAFE's Research Advisory Council, appointed to the German Council of Economic Experts

Ulrike Malmendier, member of the Research Advisory Council of the Leibniz Institute for Financial Research SAFE and Professor of Finance at the University of California, Berkeley, has been appointed to the German Council of Economic Experts. The German Council of Economic Experts is a body of independent experts with the mandate to present a periodic assessment of Germany's macroeconomic development and thus contribute economic policymakers and the general public to make informed decisions. Also known as the "Wirtschaftsweise", the Council consists of five members who are appointed for five years by the Federal President at the suggestion of the Federal Government.  

"We congratulate Ulrike Malmendier and are very happy that she will be part of the Council of Economic Experts now. The Council's assessments and recommendations are an important component of economic policy decisions in Germany. Ulrike Malmendier is an outstanding researcher and will enrich the Economic Experts with her know-how. We are proud to have her on our Research Advisory Council," says Jan Pieter Krahnen, Director of SAFE. 

Malmendier's research interests include behavioral science, behavioral finance, and corporate finance. She is among the top five percent of the world's most cited economists and has been a professor at the Haas School of Business at the University of California, Berkeley since 2012. Malmendier received her doctorate in business administration from Harvard University in 2002, having previously completed a doctorate in law in Bonn, Germany, in 2000.  

In addition to Malmendier, Martin Werding (Ruhr University Bonn) has also been appointed to the council. Following the resigning of Lars Feld and Volker Wieland, the council is now once again complete. Other members are Monika Schnitzer (Ludwig-Maximilians-Universität Munich), Veronika Grimm (University of Erlangen-Nuremberg) and Achim Truger (University of Duisburg-Essen). Malmendier's appointment marks the first time that more women than men are part of the advisory council.