Die bekannte Karrierefrau, freie Beraterin von Wirtschaft und Politik (Jahrgang 1941), appelliert an den Staat, die Leitungsbereitschaft seiner Bürger, auch der sozial schwachen, durch gezielte Anreize zu fördern und der Staatsverdrossenheit entgegenzuwirken. (Elke Günther)

Governments are in a crisis of identity, some would say legitimacy, with election turnouts low in many OECD countries and a widespread feeling of disenchantment among citizens with government and the democratic process. Can governments do something to change this? Certainly, doing nothing is not...

This paper examines central bank independence with reference to the constraints on central bank credit to the government, focusing on how such credit should be regulated. It discusses why credit should be contsrained, and in which forms, and how to implement those constraints