The Eurosystem staff forecasts are conditional on the financial markets, the global economy and fiscal policy outlook, and include expert judgement. We develop a multi-country BVAR for the four largest countries of the euro area and we show that it provides accurate conditional forecasts of...

Entrepreneurship is often considered one way for public sector organizations to better serve the public. But what are the drivers for entrepreneurship in such organizations? And does entrepreneurship really create value? To answer these questions, Fabian E. Diefenbach develops a research model...

Introduction: Theme, Objectives and Structure of the Book -- Methodology: Frontier Efficiency Measurement Techniques -- Literature Review on Efficiency Studies in the Public Sector -- Applications to German Local Governments -- Summary and Conclusions