This study examines major reform proposals of EU fiscal rules from an economic and legal perspective. We disassemble the reform proposals in their components and analyse them in their specific proposed form in comparison, thereby shedding light on what is legally possible, economically sensible,...

Der Abbau von staatlicher Bürokratie stellt angesichts wachsender regulatorischer Anforderungen in praktisch allen Gesetzesbereichen - beispielsweise im Umweltrecht, im Sozial- und Arbeitsrecht und in der zivilgesellschaftlichen Beteiligung - eine Daueraufgabe dar. Eine gute Gesetzgebung mit...

Es gibt in Deutschland bisher wenige Erhebungen dazu, wie Politiker:innen wissenschaftliche Erkenntnisse für ihre Arbeit nutzen. Um diese Kenntnislücke zu füllen, hat die Nationale Akademie der Wissenschaften Leopoldina eine Erhebung beauftragt, die sich an die Mitglieder des Deutschen...

The relationship between politics and scientific policy advice is still characterized by misunderstandings on both sides. A major point of criticism from the political arena is repeatedly the lacking concern for reality in economics. This problem, however, is at least partly homemade, as the...

Evidence-based policy remains an unfulfilled ambition given political constraints. On one hand, academic policy advice is widely acknowledged as indispensable, with policymakers stressing the relevance of external policy advice for policy formulation. On other hand, the impact of policy advice...

The manifold special features and challenges of economic policy-advising are ultimately based on the principles of trust and mutual learning. These principles, as the basis of cooperation between science on the one hand and politics and administration on the other, can go a long way towards...

There is a differentiated literature on policy advice, but it is largely disconnected from the literature (and the underlying research landscape) on academic communication, which originally dealt only with the natural sciences. And both strands of the discussion are barely connected to the...

The paper presents the results of the research of the think tank sector in Armenia. The process of emerging and the process of development of the think tank sector since Armenia's independence, as well as the main factors hindering the development of that sphere and its full establishment were...

The Employment Act of 1946 created the Council of Economic Advisers as an institution and serves as a convenient marker of a broader change in opinions: the assumption by the federal government of the role of stability the macro- economy. The magnitude of this shift should not be understated:...

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts’ recommendations. Our results suggest that policy advice is...

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the year 2015. The sample includes about 850 experts from 110 countries. We find systematic differences in experts' recommendations. Our results suggest that policy advice is related...

Handling crises means, above all, having to make decisions under conditions of existential threat, fundamental uncertainty, and great urgency. Modern crises transgress territorial and disciplinary boundaries, administrative departments, and economic sectors, as well as the boundaries between...

Der Umgang mit Krisen bedeutet vor allem, Entscheidungen unter Bedingungen von existentieller Bedrohung, fundamentaler Unsicherheit und hoher Dringlichkeit treffen zu müssen. Moderne Krisen überschreiten territoriale und disziplinäre Grenzen, Verwaltungsressorts und Wirtschaftssektoren oder...

Die deutsche Wirtschaftspolitik steht nach der Bundestagswahl vor großen Herausforderungen, etwa im Hinblick auf die Dekarbonisierung, die Digitalisierung und Modernisierung der öffentlichen Verwaltung sowie den demographischer Wandel und seine Folgen für die sozialen Sicherungssysteme....

In the information age an exchange with the media is part of the duties the economics profession has to deliver to educate the public and to ensure its position in society. A key issue is the education of policymakers through the media. It is the silver bullet of policy advice in comparison to...

To reduce the chances of policy failures, policy makers need information about the effects of policies. Sometimes, policy makers can rely on agents who already possess the information. Often, the information has yet to be produced. This raises two problems. First, for a policy maker it is hard...

This article explores different ways in which governments can increase the benefits of FDI and manage the relationship between governments and international investors in a mutually beneficial manner. It focusses on three concrete policy fields in which discussions are afoot that bear on this...

A careerist expert advises a sequence of principals on their actions to match a hidden, randomly evolving state. The expert privately knows her competence. The principals learn about the state and the expert’s competence from past advice and past action outcomes, both publicly observable. I...

Foreign affairs policymaking inputs by think tanks are one of the most difficult analytical characteristics to disaggregate and analyze. This is further compounded when examining an authoritarian regime such as China with limited publicly accessible information. Using novel text analytical...

In his State of the State address, on January 8, 2020, New York State Governor, Andrew M. Cuomo vowed to work with the legislature to legalize the sale and use of recreational marijuana in New York. If Governor Cuomo follows through on his promise, New York will be the twelfth state to legalize...

With China’s rapid growth as a regional and global power, think tanks in China have received increasing attention from politicians and academics, mostly due to the achievements of academic and processing policies. Recently, collaborations between the media and think tanks have become...

The first part of the paper analyzes the various components (as well as likely failures) in the complex two-way market chain that links the supply of economic theories with the design, sale and implementation of workable economic policies. Among other aspects of this link two points are...

New research argues 'evidence-based’ policymaking is based on poor scienceSummary:Politicians and lobbyists who promote new regulations and taxes typically claim to have science on their side. Scientific evidence shows that the actions they wish to discourage are harmful and that government...

The Asia-Pacific region was the first to be hit by the COVID-19 pandemic; it put a strain on its people and economies, and policymaking became exceptionally difficult. This departmental paper contains the assessment of the key challenges facing Asia at this critical juncture and policy advice to...

We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. Starting with the seminal paper of Robert Barro (1990) we show that an understanding of the core results of the ensuing contributions can be gained from the study...

Arguably, one of the most important developments in the field of applied economics during the last decades has been the emergence of systematic policy evaluation, with its distinct focus on the establishment of causality. By contrast to the natural sciences, the objects of our scientific...

Policy advice can help political actors design and implement institutional reforms through the generation of political and substantial legitimacy. This article clarifies the institutional pre-conditions of effective supply and transfer of policy advice with particular respect to the field of...

Central banks have undertaken a revolution in monetary policy. They reluctantly abandoned conventional wisdom designed to keep them out of political trouble. This paper looks at this revolution through the lens of the divergent perspectives of the IMF and the BIS. The Jeremiahs predicted this...

In this paper I analyze the role of foreign advisors in stabilization programs. I discuss from an analytical perspective why foreigners may help a developing country's government put in place a successful stabilization program. This framework is used to analyze Chile's experience with...

There is now almost universal acceptance that tax law is overly complex and indeterminate; and yet, there has to date been no comprehensive assessment of the role of the tax authority in the current arrangement. If the legislation and case law offer few immediate answers to the taxpayer, then the...

NPF probes into a policy narrative and answers questions about who are the heroes, villains and victims? How does the narrative deploy plot, causal mechanisms and symbolic languages to register meaning and reflect policy realities? Applying NPF to explore four Western European and American think...

How should we govern professional advice given by artificial intelligence (AI)? The traditional professional-client or doctor-patient relationship is governed by a specific set of legal rules that constitute the legal framework of professional advice-giving. The goal of this legal framework is...

This piece provides advice to an aspiring economist about why and how to bring evolutionary thinking into economics and finance. It was written as part of a series, “Advice for an aspiring economist,” for This View of Life. In this series scholars provide their informal perspectives about...

This paper presents a framework to understand the impact of scientific knowledge on the policy-making process, focusing on the conceptual impact. We note the continuing dissatisfaction with the quality and effects of science-policy interactions in both theory and practice. We critique the...

Die von der Bundesregierung eingesetzte Kommission „Verlässlicher Generationenvertrag“ aus Politiker*innen und Expert*innen hat im März 2020 ihren Bericht vorgelegt. Daraus ergeben sich Fragen zum Verhältnis von Wissenschaft und Politik: Welchen Einfluss sollten Wissenschaftler*innen auf...