During the pandemic, African banks rebalanced their portfolio towards sovereign assets, and crowding out of credit to private sector intensified. Policy support, however, averted a credit crunch. The increase in public debt across Africa due to the COVID-19 crisis intensified crowding out of...

Corporate investment is crucial for productivity growth. When economic growth is sluggish and productivity growth weak, the government is likely to compensate the shortage of tax revenues with debt. The aim of this research is to study the connection between public indebtedness and productivity...

This occasional paper describes the monetary presentation of the euro area balance of payments and its use. The monetary presentation is a tool for assessing the impact of balance of payments transactions involving non-bank residents on monetary developments. The paper explains in detail the...

This Special Issue of the Chair of Public Management's publication series presents some results of a student research seminar. Following Mintzberg's approach of management research, we posed the question, What do public managers really do? when it comes to managing their organizations. The...

Despite high hopes for artificial intelligence (AI) to generate powerful innovations across the public sphere backed by its strong prediction skills, Korea has not fully brought the technologies into the public sector in tasks like identifying policy target groups and managing follow-up tasks in...

Dieses Literatur-Review verfolgt angesichts des gegenwärtigen, gesteigerten öffentlichen Interesses zum Thema von Arbeitszeitverkürzungsmodellen mit Gehaltsausgleich das Ziel, den aktuellen deutsch- und englischsprachigen Forschungsstand zum möglichen Nutzen von Arbeitszeitverkürzungen mit...

Im Vergleich zu zwei vorausgegangenen Tragfähigkeitsanalysen von 2005 und 2008, die das ifo Institut für das Bundesministerium der Finanzen (BMF) durchgeführt hat, berücksichtigt die Studie jüngste Entwicklungen wie die Finanzmarktkrise und erweitert den Zeithorizont bis 2060. Gegenstand...

Die Corona-Pandemie, der Klimawandel, die demographischen Veränderungen, die marode Infrastruktur - das sind Herausforderungen, die nach einer neuen Finanzpolitik verlangen. Nach Jahren der Versäumnisse muss sie die Grundlagen für die notwendigen Investitionen in die Zukunft schaffen. Welche...

This paper looks at fiscal sustainability and fiscal risks from a comprehensive, global perspective. It argues that the benefits of consolidation have to be re-assessed given that industrialised countries have entered uncharted waters with unsustainable public debt dynamics and enormous...

The financial crisis and recession have left a legacy of unusually large fiscal deficits and growing sovereign debt levels in most advanced economies. The paper uses recent research from the IMF to throw light on two questions: how much fiscal space is available to advanced countries before they...