Ludger Schuknecht

Last updated
Ludger Schuknecht
Ludger Schuknecht (35033121332) (cropped).jpg
Ludger Schuknecht, 2017
Born (1962-12-02) December 2, 1962 (age 62)
Education Ludwig Maximilian University of Munich and George Mason University
Occupation Economist
Known forVice President of the Asian Infrastructure Investment Bank
Children3

Ludger Schuknecht (born 2 December 1962 in Gelsenkirchen) is a German economist who has been serving as vice president and Corporate Secretary of the Asian Infrastructure Investment Bank since 2021. [1]

Contents

From 2018 to 2021, Schuknecht was one of four Deputy Secretaries-General of the OECD, under the leadership of Secretaries-General José Ángel Gurría and Mathias Cormann. [2]

Early life and education

Schuknecht studied economics at Ludwig Maximilian University of Munich and George Mason University. In June 2000 he obtained his habilitation from the University of Constance.

Career

Previously Schuknecht was Chief Economist at the German Ministry of Finance and heading the Directorate General Fiscal Policy and International Financial and Monetary Policy there. In this role he advised Minister Wolfgang Schäuble on economic policy issues in the domestic and international sphere. He acted as the chief negotiator for Germany in the founding of Asian Infrastructure Investment Bank. [3] Schuknecht left after the departure of the fiscally conservative Schäuble and the arrival of his social democrat successor Olaf Scholz. In 2019, he was replaced with Jakob von Weizsäcker. [4] [5]

Before that Schuknecht was Senior Advisor in the Directorate General of Economics of the European Central Bank where he prepared monetary policy decision making.

Schuknecht had also headed the ECB's fiscal surveillance section and served with the World Trade Organization and the International Monetary Fund.

As a scholar, Schuknecht's research focuses on public expenditure policies and reform and the analysis of economic boom-bust episodes. Together with Vito Tanzi he published "Public Spending in the 20th Century: A Global Perspective".

Other activities

Personal life

Schuknecht is married and has three children.

Related Research Articles

<span class="mw-page-title-main">Wolfgang Schäuble</span> German politician (1942–2023)

Wolfgang Schäuble was a German politician whose political career spanned more than five decades. A member of the Christian Democratic Union (CDU), he was the longest-serving member of any democratic German parliament. Schäuble served as the 13th president of the Bundestag from 2017 to 2021.

Otmar Issing is a German economist who served as a member of the Executive Board of the European Central Bank from 1998 to 2006 and concurrently as ECB chief economist. He developed the 'two-pillar' approach to monetary policy decision-making that the ECB has adopted. After leaving the executive board, Issing been serving as president of the Center for Financial Studies since 2006.

<span class="mw-page-title-main">Jin Liqun</span> Chinese banker

Jin Liqun is a Chinese banker who has been serving as the president of the Asian Infrastructure Investment Bank since 2016. Previously, he served as secretary general of the AIIB Interim Multilateral Secretariat from 2014 to 2016, chairman of China International Capital Corporation from 2013 to 2014, chairman of the supervisory board of China Investment Corporation from 2008 to 2013, vice president of the Asian Development Bank from 2003 to 2008, and vice minister of finance of China from 1998 to 2003.

<span class="mw-page-title-main">Jürgen Stark</span> German economist

Jürgen Stark is a German economist who served as a member of the Executive Board of the European Central Bank from 2006 to 2011 and concurrently as ECB chief economist. Within the Executive Board, he was responsible for Economics and for Monetary Analysis and resigned before expiration of his term in opposition to ECB's bond-buying programme.

<span class="mw-page-title-main">Peter Altmaier</span> German politician

Peter Altmaier is a German politician of the Christian Democratic Union (CDU) who served as Acting Minister of Finance from 2017 to 2018 and as Federal Minister for Economic Affairs and Energy from 2018 to 2021. He previously served as Federal Minister for the Environment, Nature Conservation and Nuclear Safety from May 2012 to December 2013 and Head of the German Chancellery and as Federal Minister for Special Affairs from December 2013 to March 2018. Altmaier is widely seen as one of Chancellor Angela Merkel's most trusted advisors and advocates for her more centrist wing of the CDU. He is known for his "compromising style" and was described in 2017 as "the most powerful man in Berlin".

<span class="mw-page-title-main">Marcel Fratzscher</span> German economist

Marcel Fratzscher is a German economist and professor at Humboldt-University of Berlin. Since February 2013 he has been president of the Berlin-based economic research institute DIW Berlin. He was previously head of International Policy Analysis at the European Central Bank. He also teaches International Finance in the Ph.D. programme in Economics at Goethe University Frankfurt.

<span class="mw-page-title-main">Werner Hoyer</span> German politician (born 1951)

Werner Hoyer is a German economist and politician of the Free Democratic Party (FDP) who served as President of the European Investment Bank (EIB) between 2012 and 2023.

<span class="mw-page-title-main">Jörg Asmussen</span> German economist (born 1966)

Jörg Asmussen is a German economist and politician who served as State Secretary of the Federal Ministry of Finance from 2008 to 2011 and Parliamentary State Secretary for the Federal Ministry of Labour and Social Affairs from 2014 to 2016. He has been serving as Chief Executive Officer of the German Insurance Association (GDV) since 2020.

<span class="mw-page-title-main">Joachim von Amsberg (banker)</span> German economist and banker

Joachim von Amsberg is a German economist, banker, and development finance leader who served, as Vice President, Policy and Strategy of the Asian Infrastructure Investment Bank from 2016 to 2021. Earlier in his career, he was Vice President of the World Bank, responsible for Development Finance.

<span class="mw-page-title-main">Carsten Schneider</span> German politician

Carsten Schneider is a German politician of the Social Democratic Party (SPD) who has been serving as a member of the German Parliament since 1998. Since 2021, he has also been serving as Parliamentary State Secretary for East Germany and Equivalent Living Conditions in Chancellor Olaf Scholz's cabinet.

<span class="mw-page-title-main">Pier Carlo Padoan</span> Italian economist (born 1950)

Pier Carlo Padoan is an Italian economist who served as Minister of Economy and Finance of Italy from 2014 to 2018.

<span class="mw-page-title-main">Asian Infrastructure Investment Bank</span> Multilateral development bank

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank and international financial institution that aims to collectively improve economic and social outcomes in Asia. It is the world's second largest multi-lateral development institution. Headquartered in Beijing, China, the bank currently has 110 members, including 12 prospective members from around the world. The breakdown of the 110 members by continents are as follows: 42 in Asia, 26 in Europe, 22 in Africa, 10 in Oceania, 8 in South America, and 2 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock.

<span class="mw-page-title-main">Jakob von Weizsäcker</span> German economist and politician

Jakob von Weizsäcker is a German economist and politician of the Social Democratic Party (SPD) who has been serving as State Minister of Finance in the government of Minister-President of the Saarland Anke Rehlinger since the 2022 state elections.

<span class="mw-page-title-main">Bartholomäus Kalb</span> German politician (born 1949)

Bartholomäus Kalb is a German politician of the Christian Social Union in Bavaria (CSU).

Thomas Steffen is a German lawyer who has been serving as State Secretary at the Federal Ministry of Health under ministers Jens Spahn in the government of Chancellor Angela Merkel (2019–2021) and Karl Lauterbach in the government of Chancellor Olaf Scholz. He previously served in various positions in the Federal Ministry of Finance (BMF).

<span class="mw-page-title-main">Pierre Gramegna</span> Luxembourgish politician

Pierre Gramegna is a Luxembourgish career diplomat and politician of the Democratic Party who has been serving as managing director of the European Stability Mechanism (ESM) since 2022. He previously, served as Minister for Finances in the government of Prime Minister Xavier Bettel from 2013 to 2022.

<span class="mw-page-title-main">Miftah Ismail</span> Pakistani politician and economist

Miftah Ismail is a Pakistani political economist who served as the Federal Minister of Finance from April 2022 to September 2022. He had previously served in the same office, from April 2018 to May 2018 in Khaqan Abbasi's cabinet. Prior to that, he served as the Advisor to the Prime Minister on Finance, Revenue and Economic Affairs, chairman of the Pakistan Board of Investment and an economist with the International Monetary Fund. He is the current Secretary of the Awaam Pakistan party, a political party he co-founded alongside former Pakistani prime minister Shahid Khaqan Abbasi.

Jürgen von Hagen is a German economist and professor at the University of Bonn, where he currently also serves as director of the Institute for International Economic Policy. He was awarded the Gossen Prize in 1997.

<span class="mw-page-title-main">Eduard Müller (Austrian politician)</span> Finance minister of Austria

Eduard Müller is an Austrian politician and author. He served as Minister of Finance in 2019. He also managed the Ministry of Civil Service and Sports.

<span class="mw-page-title-main">Wolfgang Schmidt (politician)</span> German politician

Wolfgang Schmidt is a German politician and jurist who has been serving as Federal Minister for Special Affairs, Head of the Chancellery and Commissioner for the Federal Intelligence Services since 2021. He was previously State Secretary at the Federal Ministry of Finance under Minister Olaf Scholz in the government of Chancellor Angela Merkel from 2018 to 2021.

References

  1. AIIB Makes Changes to Leadership Team Asian Infrastructure Investment Bank, press release of 22 July 2021.
  2. "Ludger Schuknecht, Deputy Secretary-General - OECD". www.oecd.org.
  3. AIIB Makes Changes to Leadership Team Asian Infrastructure Investment Bank, press release of 22 July 2021.
  4. Guy Chazan (April 28, 2019), Doubts grow over Germany’s balanced budget rule Financial Times .
  5. "Wechsel im Finanzministerium: Chefvolkswirt geht zur OECD". 4 June 2018 via www.faz.net.
  6. Advisory Council Official Monetary and Financial Institutions Forum (OMFIF).
  7. Board of Trustees Friedrich August von Hayek Foundation.
  8. Board of Trustees Ifo Institute for Economic Research.