About

This is my personal website, where I share some of my work as an economist.

I started out as the typical bank economist focused on short-term macro-financial topics. More recently I moved into longer-term topics like country risk and sector analysis, mostly energy. My professional heart beats loudest for European economies including my home country Germany and my new home Denmark, that holds quite some lessons for other countries.

If you feel I can help with a chat, talk, presentation etc., feel free to reach out.

Danske medier

Dansk-tysk med Matlok: Holger Sandte: Journalist og tv-vært Siegfried Matlok og jeg har talt om hvad der havde ført mig til Danmark, og selvfølgelig talte vi også om tysk økonomi og samhandelen mellem Tyskland og Danmark (december 2025).

I september 2025 var jeg med i en podcast om Femern Bælt forbindelsen sammen med Jes Asmussen, cheføkonom i SJF Bank. Lyt med her: https://sjua.dk/udviklingskonferencen-2025/#podcast

Dagbladet Børsen valgte i januar 2025 at interviewe mig om Tyskland. Det kan du læse her (kræver login): Økonom spejder mod sit hjemland: Vågn op, Tyskland

Korte artikler på dansk

Tysk økonomi bevæger sig under nulvækstens overflade. (23/11/25)

Tysklands regering står foran efterår med svære reformer.(28/9/25)

Bulgarien vælger Vesten og indfører euro, men reformer er nødvendige (12/8/25)

Tyskland – fra ord til handling, bitte (30/4/25)

Ingen tid til at vente på fred: Genopbygning af Ukraines økonomi skal i gang (22/3/25)

Central- og Østeuropa: Mellem optimisme og udfordringer (13/2/25)

Fem bud på den tyske patient i 2025 (6/1/25)

Frankrig i budgetkrise (15/11/24)

Georgiens drøm og mareridt (7/10/24)

Hvad økonomi har med olympiske medaljer at gøre (26/7/24)

Globalisation and the International Economy

Together with Michael Hedegaard from DTU and David M. Rowe from Kenyon College, I co-authored the book Globalisation and the International Economy, that came out in July 2025.The book combines textbook-like chapters on (de-)globalisation, trade and trade barriers with guest contributions addressing a wide range of contemporary topics.

The book is intended for readers interested in the global economy and is currently used for undergraduate teaching at various institutions.

You can order the book at saxo.dk.

My job at EIFO, the Export and Investment Fund of Denmark

At EIFO, I analyse country, sector and bank risks in Europe and Central Asia. When EIFO supports an offshore wind transaction in Poland, for example, my job in the dealteam is to assess the sector risk in the Polish energy sector. When EIFO’s credit risk in a transaction is on a government, a country (sovereign) risk analysis is asked for. My job is also to assess the foreign banks we want to coperate with. I’m a proud member of the team that works on EIFO’s mandate to support the reconstruction of Ukraine.

The great thing about being an economist at EIFO is to contribute with economic analysis to concrete export transactions.

EIFO is Denmark’s Export Credit Agency and National Promotional Bank.

Teaching at DIS – Study Abroad in Scandinavia

Since 2019, I’ve been teaching undergraduate students from the US as an External Lecturer at DIS. This includes lectures, field studies as well as organising and going on study tours in Denmark and Europe.

My main course is on Globalisation and European Economies. Former courses include Development Economics, Health Economics, Applied Econometrics, and Nordic Welfare States.

DIS is a non-profit study abroad foundation established in Denmark in 1959.

Here is a pdf-file from a guest lecture I gave on the German economy:Where has all the growth gone?

Employment History

since 2022

Senior Country, Sector and Bank Analyst at

Denmark’s Export and Investment Fund

2019- 2021

Fulltime Lecturer in Economics at DIS – Study Abroad in Scandinavia

2019-2020

Senior Adviser on Government Debt and Capital Markets at the Danish Ministry of Finance

2013-2018

Chief Analyst at Nordea Market

1998-2013

Economist/Senior/Chief Economist at WestLB and WestLB Mellon Asset Management

1993-1998

Research and Teaching Assistant at Universität Trier

Education

1998
Dr. rer. pol. from Universität Trier with a study on the growth effects of moderate inflation

1993
Diplom-Ökonom (MSc in Economics) from Universität Hannover, where my focus was on monetary economics, international economics and public finance