Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung
From June 2004 to 2012, she was a member of the German Council of Economic Experts. She was the first woman and the first non-German in the council whose responsibility is to advise the German government on economic issues. She has advised both the former Chancellor Gerhard Schroeder and the current Chancellor Angela Merkel. She also serves on the board of several major corporations, including UBS, Bombardier Inc. and Robert Bosch GmbH. Her research interests are in international macroeconomics, in particular financial crisis, global capital flows, financial regulation, sovereign debt, development and growth. She has published widely in leading academic journals and writes regular op-eds and contributions to the public policy debate.