Following his studies, Bofinger worked as staff member to the Council of Economic Experts between 1978 and 1981. From 1984 until 1990, he was an economist at the Bundesbank. Since 1992, Bofinger has been a professor at the University of Würzburg. Between 1997 and 1999, he served as Dean of the university’s Department of Economics. In 1997, he turned down an offer to move to the Ludwig Maximilian University of Munich.
Nominated by Germany’s trade unions, Bofinger succeeded Jürgen Kromphardt as member of the Council of Economic Experts in 2004.[1] He has in the past oftentimes disagreed with the Council’s conclusions.[2][3] Between 2012 and 2017, he issued 26 of the Council’s 27 minority votes during that period.[4] For example, he was the only member of the Council to advocate the adoption of a minimum wage in Germany: He argues that a minimum wage of €5 is necessary to prevent "wage dumping" and to ensure that full-time employment provides enough income.[5] He does not think that a minimum wage would have a negative impact on employment.[6]
Bofinger, P (1996). "The economics of orthodox money-based stabilisations (OMBS): The recent experience of Kazakhstan, Russia and the Ukraine". European Economic Review. 40 (3–5): 663–671. doi:10.1016/0014-2921(95)00076-3.
Peter Bofinger ; in collaboration with Julian Reischle and Andrea Schächter.; Reischle, Julian; Schächter, Andrea (2001). Monetary Policy: Goals, Institutions, Strategies, and Instruments. New York: Oxford University Press. ISBN978-0-19-924856-8.{{cite book}}: CS1 maint: multiple names: authors list (link)
Bofinger, P; Wollmershäuser, Timo (2001). "Is there a third way to EMU for the EU accession countries?". Economic Systems. 25 (3): 253–274. doi:10.1016/S0939-3625(01)00021-8.