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In the United States, the Trump administration is moving forward with a sweeping fiscal initiative - the "One Big Beautiful Bill." Introduced as fulfilling a campaign promise to rein in the national debt, critics worry that the bill would instead add $2.4 trillion to the national debt over the next decade. Meanwhile, in Germany, Chancellor Merz has pushed through a landmark €500 billion public lending package in a dramatic departure from Germany’s strict fiscal tradition – even rewriting its constitutional debt rule - to revive its economy and military strength.
Join the American Council on Germany and 1014 for an insightful discussion with ACG Board Member Tara Hariharan, Managing Director of Global Macro Research at NWI Management, and Prof. Dr. Michael Hüther, Director and Member of the Executive Committee of the German Economic Institute, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and necessary investments, while also examining the risks of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Tara Hariharan is managing director of Global Macro Research and head of macro research at NWI Management LP, a New York-based emerging markets-focused hedge fund. She leads top-down analysis of economic activity, policy, and macro-political issues for countries globally, and created NWI’s proprietary “macro dashboard” to identify strategic investment opportunities in fixed income, foreign exchange, equities, and commodities. She regularly presents her assessments of the People’s Republic of China’s (PRC) economy and US-China relations to senior US policymakers and International Monetary Fund representatives. She is featured on CNBC and Bloomberg Television.
Hariharan is a life member of the Council on Foreign Relations and a Millennium Leadership fellow at the Atlantic Council. She was a 2014 German Marshall Fund Marshall Memorial fellow, a 2016 American Council on Germany (ACG) young leader, and a 2022 Economic Club of New York fellow. She was elected in 2022 to ACG’s board. She is also a member of the US Chamber of Commerce Chief Economists’ Committee. Elected to the Inter-American Dialogue in 2021, she regularly contributes to its publications on trade flows and the PRC’s influence on Latin America.
Hariharan holds a bachelor’s degree summa cum laude in anthropology from Princeton University and a graduate certificate in international relations from Harvard Extension School.
In the United States, the Trump administration is moving forward with a sweeping fiscal initiative - the "One Big Beautiful Bill." Introduced as fulfilling a campaign promise to rein in the national debt, critics worry that the bill would instead add $2.4 trillion to the national debt over the next decade. Meanwhile, in Germany, Chancellor Merz has pushed through a landmark €500 billion public lending package in a dramatic departure from Germany’s strict fiscal tradition – even rewriting its constitutional debt rule - to revive its economy and military strength.
Join the American Council on Germany and 1014 for an insightful discussion with ACG Board Member Tara Hariharan, Managing Director of Global Macro Research at NWI Management, and Prof. Dr. Michael Hüther, Director and Member of the Executive Committee of the German Economic Institute, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and necessary investments, while also examining the risks of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Tara Hariharan is managing director of Global Macro Research and head of macro research at NWI Management LP, a New York-based emerging markets-focused hedge fund. She leads top-down analysis of economic activity, policy, and macro-political issues for countries globally, and created NWI’s proprietary “macro dashboard” to identify strategic investment opportunities in fixed income, foreign exchange, equities, and commodities. She regularly presents her assessments of the People’s Republic of China’s (PRC) economy and US-China relations to senior US policymakers and International Monetary Fund representatives. She is featured on CNBC and Bloomberg Television.
Hariharan is a life member of the Council on Foreign Relations and a Millennium Leadership fellow at the Atlantic Council. She was a 2014 German Marshall Fund Marshall Memorial fellow, a 2016 American Council on Germany (ACG) young leader, and a 2022 Economic Club of New York fellow. She was elected in 2022 to ACG’s board. She is also a member of the US Chamber of Commerce Chief Economists’ Committee. Elected to the Inter-American Dialogue in 2021, she regularly contributes to its publications on trade flows and the PRC’s influence on Latin America.
Hariharan holds a bachelor’s degree summa cum laude in anthropology from Princeton University and a graduate certificate in international relations from Harvard Extension School.
In the United States, the Trump administration is moving forward with a sweeping fiscal initiative - the "One Big Beautiful Bill." Introduced as fulfilling a campaign promise to rein in the national debt, critics worry that the bill would instead add $2.4 trillion to the national debt over the next decade. Meanwhile, in Germany, Chancellor Merz has pushed through a landmark €500 billion public lending package in a dramatic departure from Germany’s strict fiscal tradition – even rewriting its constitutional debt rule - to revive its economy and military strength.
Join the American Council on Germany and 1014 for an insightful discussion with ACG Board Member Tara Hariharan, Managing Director of Global Macro Research at NWI Management, and Prof. Dr. Michael Hüther, Director and Member of the Executive Committee of the German Economic Institute, to explore how sovereign debt can serve as a valuable tool for financing government expenditures and necessary investments, while also examining the risks of allowing debt to reach unsustainable levels.
Biographies
Prof. Dr. Michael Hüther has been Director and Member of the Presidium of the German Economic Institute since July 2004. From 1982 to 1987, he studied economics, as well as medieval and modern history, at the Justus-Liebig University in Giessen. Upon completion of his doctorate in economics, he became a member of the scientific staff of the Council of Experts for the Evaluation of Macroeconomic Development in 1991. In 1995 he was appointed Secretary General of the German Council of Economic Advisers. In 1999, he joined DekaBank as chief economist and in 2001 additionally as Division Manger economics and communication.
Since August 2001 Prof. Hüther is Honorary Professor at the European Business School in Oestrich-Winkel and since April 2019 Prof. Hüther is chair of the supervisory board of TÜV Rheinland AG.
In the academic year 2016-17 and in autumn 2019 he was Gerda Henkel Adjunct Professor in the Department of German Studies at Stanford University, CA, USA.
Tara Hariharan is managing director of Global Macro Research and head of macro research at NWI Management LP, a New York-based emerging markets-focused hedge fund. She leads top-down analysis of economic activity, policy, and macro-political issues for countries globally, and created NWI’s proprietary “macro dashboard” to identify strategic investment opportunities in fixed income, foreign exchange, equities, and commodities. She regularly presents her assessments of the People’s Republic of China’s (PRC) economy and US-China relations to senior US policymakers and International Monetary Fund representatives. She is featured on CNBC and Bloomberg Television.
Hariharan is a life member of the Council on Foreign Relations and a Millennium Leadership fellow at the Atlantic Council. She was a 2014 German Marshall Fund Marshall Memorial fellow, a 2016 American Council on Germany (ACG) young leader, and a 2022 Economic Club of New York fellow. She was elected in 2022 to ACG’s board. She is also a member of the US Chamber of Commerce Chief Economists’ Committee. Elected to the Inter-American Dialogue in 2021, she regularly contributes to its publications on trade flows and the PRC’s influence on Latin America.
Hariharan holds a bachelor’s degree summa cum laude in anthropology from Princeton University and a graduate certificate in international relations from Harvard Extension School.
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