Prof. Volker Wieland holds the Endowed Chair of Monetary Economics at the Institute for Monetary and Financial Stability (IMFS) at Goethe University Frankfurt and is a member of the German Council of Economic Experts. He is also a Research Fellow at the Centre for Economic Policy Research (CEPR), a member of the Kronberger Kreis, which is the scientific council of Stiftung Marktwirtschaft, and a member of the Scientific Advisory Council of the German Ministry of Finance. From 2003 until 2009, he was Director of the Center for Financial Studies.Wieland pursued his studies at the University of Wurzburg, the State University of New York at Albany, the Kiel Institute for the World Economy and Stanford University. In 1995, he received a Ph.D. in Economics from Stanford. Before joining the faculty of Goethe University in November 2000, he was a Senior Economist at the Board of Governors of the Federal Reserve System in Washington, DC. In his research, Wieland concentrates on monetary and fiscal policy, business cycles and macroeconomic models, inflation and deflation, learning behavior and economic dynamics as well as numerical methods in macroeconomics. Wieland and his team have created the Macroeconomic Model Data Base, an archive of more than 60 macroeconomic models based on a computational platform with more than 6,800 registered users. His research work was published in leading economics journals such as the American Economic Review, the European Economic Review and the Journal of Monetary Economics.