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Innovations for Inclusive Prosperity

2019 ist not only marked by an astounding wave of optimism in financial markets, but also by the formation of a new network of academic economists that are committed to the development of new ideas for policies to address today’s challenges, the Economists for Inclusive Prosperity. Their first policy brief, aptly titled Economics for Inclusive Prosperity, includes a relevant chapter by Atif Mian, Professor of Economics at Princeton University, on “How to think about finance?”. This very readable chapter makes a strong case for GDP-linked securities, since “state-contingent contracting does not suffer from the usual moral hazard problem in risk-sharing contracts.”

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Christian Kopf is Head of Fixed Income and Currencies at Union Investment Group, a leading German fund management company with €320 billion in assets under management, and a member of the Ad Hoc Working Group on the London Term Sheet for GDP-linked bonds. He has previously been a partner of Spinnaker Capital in London and a senior portfolio manager at DWS in Frankfurt. Prior to working in the financial industry, Christian conducted sustainability research at the Wuppertal Institute for Climate, Environment and Energy. He graduated from Witten/Herdecke University in Germany with a Master’s degree in Economics and holds the Chartered Financial Analyst designation.

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