Both his teachings and his research established the reputation of Konstanz as the German centre for monetary research and as an “incubator of German monetarism”.
1 The “Konstanz Seminar on Monetary Theory and Policy”, which he also founded and where I met him later, has maintained its status as an exclusive forum for promising young economists and attracts a constant flow of very distinguished monetary experts; it celebrated its 40th anniversary last year. I have enjoyed attending the seminars for more than 30 years.