” and benefiting from government subsidies has been brought to heel. you can view the findings of these studies on the financial stability board's website. 4 transparency and the public consultations carried out as part of the evaluations are indeed crucial. this is because supervisory authorities and central banks are public institutions that serve the common good and must, accordingly, be held accountable for their actions. evaluations based on scientific standards are already good practice in many other fields, such as labour market policy, family policy, development aid, or medicine. there are also numerous examples of evidence - based policy such as “ what works? ” centres in the united kingdom and the use of cost - benefit analyses for policy initiatives in the united states. 5 this is why the bundesbank and the leopoldina, the german national academy of sciences in halle an der saale, hosted a workshop in may of this year to set up an interdisciplinary dialogue between academics and practitioners ( buch and riphahn seite 7 von 11 deutsche bundesbank, directorate general communications wilhelm - epstein - strasse 14, 60431 frankfurt am main, germany, tel : + 49 ( 0 ) 69 9566 3511 or 3512, fax : + 49 ( 0 ) 69 9566 3077 presse @ bundesbank. de, www. bundesbank. de reproduction permitted only if source is stated. 2018 ). there is more to come ; you are invited to “ stay tuned ” and keep following our progress. despite the fact that expert knowledge is often met with scepticism, the outlook for evidence - based policy discourse is in fact bright. on the one hand, there are undoubtedly increasingly populist trends. some 83 % of individuals responding to a eurobarometer survey regard “ fake news ” and online disinformation as a threat to democracy. 6 on the other hand, public trust in science remains high. according to a survey conducted in the united states by the pew research center, public confidence in the scientific community has remained unchanged at its high level since the 1970s ( funk 2017 ). research also shows that, in both europe and the united states, the general public often trusts scientific experts more than the government ( osman et al. 2018 ). furthermore, objective and transparent decision - making processes are important to the public ( oecd 2017 ). 80, 000 hours but back to you : around 80, 000 working hours lie ahead of you. there are a great

##er, steven ( 2018 ). enlightenment now : the case for reason, science, humanism, and progress. s. fischer. frankfurt am main. rosling, hans, ola rosling, and anna rosling ronnlund ( 2018 ). factfulness – ten reasons we ’ re wrong about the world – and why things are better than you think. london. stevenson, betsey, and justin wolfers ( 2008 ). economic growth and subjective wellbeing : reassessing the easterlin paradox. brookings papers on economic activity 39 ( 1 ) : 1 - 102. seite 10 von 11 deutsche bundesbank, directorate general communications wilhelm - epstein - strasse 14, 60431 frankfurt am main, germany, tel : + 49 ( 0 ) 69 9566 3511 or 3512, fax : + 49 ( 0 ) 69 9566 3077 presse @ bundesbank. de, www. bundesbank. de reproduction permitted only if source is stated. sunstein, cass r. ( 2018 ). the cost - benefit revolution. the mit press. cambridge ma. i would like to thank christoph weißermel, manuel buchholz, rachel hand, and emma lyle for their valuable contributions and comments on an earlier version of this text. all remaining errors and inaccuracies are the sole responsibility of the author. rosling, rosling, and rosling ronnlund ( 2018 ) document these trends in their new book “ factfulness ” and the accompanying website www. gapminder. org. see http : / / www. muk. uni - frankfurt. de / 72980617 / jahrbuch _ 2017 _ deutsch. pdf, pp. 74 f. see http : / / www. fsb. org. see https : / / www. gov. uk / guidance / what - works - network or sunstein ( 2018 ). see https : / / ec. europa. eu / digital - single - market / en / news / final - results - eurobarometer - fake - news - and - onlinedisinformation. see https : / / 80000hours. org. seite 11 von 11 deutsche bundesbank, directorate general communications wilhelm - epstein - strasse 14, 60431 frankfurt am main, germany, tel : + 49 ( 0 ) 69 9566 3511 or 3512, fax : + 49 (