Skip to main navigation menu Skip to main content Skip to site footer
##common.pageHeaderLogo.altText##

IMB Postgraduate Papers

Vol. 14 (2026): Continuous Publication

Annual Reports of the German Council of Economic Experts (Sachverständigenrat der Deutschen Wirtschaft) for the Assessment of Macroeconomic Development in the Years 2015-2025 in Light of the Austrian School of Economics

DOI
https://doi.org/10.30800/mises.2026.v14.1676
Submitted
October 29, 2026
Published
2026-11-10

Abstract

The article analyzes the annual reports of the German Council of Economic Experts (SVR) from 2015 to 2025 from the perspective of the Austrian School of Economics. It examines the quality of the SVR’s macroeconomic forecasts, the theoretical composition of its membership, and its recommendations in the main areas of economic policy. The results reveal recurrent and statistically significant forecasting deviations, a historical absence of Austrian representatives on the Council, and a pattern of recommendations oriented toward state micromanagement, diverging from the praxeological principles of Mises, Hayek, and Rothbard.

References

  1. Bundesregierung. (2015). Gesetz über die Bildung eines Sachverständigenrates zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
  2. Hayek, F. A. (1944). The road to serfdom. Routledge.
  3. Hayek, F. A. (1945). The use of knowledge in society. The American Economic Review, 35(4), 519–530.
  4. Hayek, F. A. (1948). Individualism and economic order. University of Chicago Press.
  5. Hayek, F. A. (1960). The constitution of liberty. University of Chicago Press.
  6. Hayek, F. A. (1982). Law, legislation and liberty. Routledge & Kegan Paul.
  7. Herzog, B. (2014). Whither the German Council of Economic Experts? The past and future of public economic advice. Journal of Applied Economics and Business, 2(3), 21–40.
  8. Küsters, A. (2019). In search of ordoliberalism: Evidence from the annual reports of the German Council of Economic Experts, 1964–2017. Research Paper Series, 2019–2031.
  9. Mises, L. von. (1940). Gemeinwirtschaft: Untersuchungen über den Sozialismus.
  10. Mises, L. von. (1949). Human action: A treatise on economics. Yale University Press.
  11. Potrafke, N. (2013). Minority positions in the German Council of Economic Experts: A political economic analysis. European Journal of Political Economy, 31, 180–187.
  12. Rothbard, M. N. (1993). Man, economy, and state: A treatise on economic principles. Ludwig von Mises Institute.
  13. Rothbard, M. N. (2006). For a new liberty: The libertarian manifesto. Ludwig von Mises Institute.
  14. Rothbard, M. N. (2013). The mystery of banking. Richardson & Snyder.
  15. Sachverständigenrat. (2025). Aufgaben des Sachverständigenrates. Recuperado em 7 de dezembro de 2025, de https://www.sachverstaendigenrat-wirtschaft.de/ueber-uns/aufgaben.html
  16. Schmidt, C. M. (2019). Sachverständigenrat – Auftrag und Arbeitsweise.
  17. Schumpeter, J. A. (1942). Capitalism, socialism and democracy. Harper & Brothers.
  18. Smith, A. (1776). An inquiry into the nature and causes of the wealth of nations. W. Strahan and T. Cadell.
  19. Wiegard, W., et al. (2003). Vierzig Jahre Sachverständigenrat. Sachverständigenrat. Recuperado em 14 de dezembro de 2025, de https://www.sachverstaendigenrat-wirtschaft.de/publikationen/vierzig-jahre.html

Downloads

Download data is not yet available.