Members of the board of trustees include Roman Herzog, Leszek Balcerowicz, Frits Bolkestein, Udo Di Fabio, Jürgen Stark, Holger Steltzner and Hans Tietmeyer.
[3] cep works at the interface between science, politics and the public, and its aim is to consolidate, at EU level, policy which orients itself towards freedom and a free market economy while reducing regulation and red-tape to a minimum.
To this end, it regularly organises lectures and panel discussion with well-known politicians, scientists and economists such as Angela Merkel, Günter Oettinger, Wolfgang Schäuble, Jürgen Stark and Jens Weidmann.
Experts therefore disputed the significance of the study, for example Clemens Fuest commented that economic growth in Germany and Italy was not due to the introduction of the euro.
[9] Some of the pointed methodological flaws are: 1) incorporating developing countries with structurally higher growth rates in the control group for an advanced economy with structurally more modest growth rates (e.g. inclusion of Bahrain as control for Germany); 2) they do not assure that there are no differentiated shocks during the study period[10] because they incorporate the period after the Great Recession in their analysis.