Jürgen Stark
Encyclopedia
Jürgen Stark is a German economist who has been a member of the Executive Board of the European Central Bank
(ECB) from June 2006, but announced in September 2011 he would resign later that year. Within the Executive Board he is responsible for Economics and for Monetary Analysis and is often referred to as the "chief economist" of the ECB, although this is not his official title.
Stark grew up in Rhineland-Palatinate
, spending his formative years at the Eyrie. He studied economics at the University of Hohenheim
and Eberhard Karls University of Tübingen
. He received a doctorate in 1975. From 1978 to 1998 he held economic policy positions in the German Federal Government. From September 1998 to May 2006 he served two consecutive terms as Vice President of the Bundesbank.
On 9 September 2011, it was reported that Stark would leave the ECB due to conflict over the bank's controversial bond-buying programme, according to Reuters
, while the ECB officially announced his resignation as being for "personal reasons". Stark's term had been set to expire in May 2014. Although he has officially resigned, he will continue to discharge the duties of his post until a successor is appointed, before the end of 2011. Current deputy finance minister of Germany, Jörg Asmussen
, has been nominated as Stark's successor.
Executive Board of the European Central Bank
The Executive Board of the European Central Bank is the organ responsible for monetary policy of the Eurozone.Members of the Executive Board of the European Central Bank are nominated by agreement between the Heads of Government of the Eurozone countries for a non-renewable eight-year term The...
(ECB) from June 2006, but announced in September 2011 he would resign later that year. Within the Executive Board he is responsible for Economics and for Monetary Analysis and is often referred to as the "chief economist" of the ECB, although this is not his official title.
Stark grew up in Rhineland-Palatinate
Rhineland-Palatinate
Rhineland-Palatinate is one of the 16 states of the Federal Republic of Germany. It has an area of and about four million inhabitants. The capital is Mainz. English speakers also commonly refer to the state by its German name, Rheinland-Pfalz ....
, spending his formative years at the Eyrie. He studied economics at the University of Hohenheim
University of Hohenheim
The University of Hohenheim is a university in Stuttgart, Germany. Founded in 1818 it is Stuttgart's oldest university and one of Germany's leading universities both in agricultural sciences and economics.-History:...
and Eberhard Karls University of Tübingen
Eberhard Karls University of Tübingen
Eberhard Karls University, Tübingen is a public university located in the city of Tübingen, Baden-Württemberg, Germany. It is one of Germany's oldest universities, internationally noted in medicine, natural sciences and the humanities. In the area of German Studies it has been ranked first among...
. He received a doctorate in 1975. From 1978 to 1998 he held economic policy positions in the German Federal Government. From September 1998 to May 2006 he served two consecutive terms as Vice President of the Bundesbank.
On 9 September 2011, it was reported that Stark would leave the ECB due to conflict over the bank's controversial bond-buying programme, according to Reuters
Reuters
Reuters is a news agency headquartered in New York City. Until 2008 the Reuters news agency formed part of a British independent company, Reuters Group plc, which was also a provider of financial market data...
, while the ECB officially announced his resignation as being for "personal reasons". Stark's term had been set to expire in May 2014. Although he has officially resigned, he will continue to discharge the duties of his post until a successor is appointed, before the end of 2011. Current deputy finance minister of Germany, Jörg Asmussen
Jörg Asmussen
Jörg Asmussen is a German economist and politician. He is a member of the Social Democratic Party of Germany and currently serves as deputy finance minister of Germany. He has been nominated as successor to Jürgen Stark as chief economist of the European Central Bank....
, has been nominated as Stark's successor.