of 6 september, 2015 ( https : / / www. socialpolitik. de / docs / vfs - leitlinien _ ex _ postwirkungsanalysen. pdf ) and michael burda, monika schnitzer, bernd fitzenberger, and christoph schmidt ( 2014 ), evidenzbasierte wirtschaftspolitik, thesenpapier zur kerntagung des vereins fur socialpolitik in hamburg 2014 ; https : / / www. socialpolitik. de / en / guidelines - evidence - based - policy. 6. cary funk, meg hefferon, brian kennedy, and courtney johnson ( 2019 ), “ trust and mistrust in americans ’ views of scientific experts ”, pew research center. 2 august, 2019. https : / / www. pewresearch. org / science / 2019 / 08 / 02 / partisanship - influences - views - on - the - roleand - value - of - scientific - experts - in - policy - debates /. 7. oecd ( 2017 ), “ trust and public policy : how better governance can help rebuild public trust ”, oecd public governance reviews, oecd publishing, paris. 8. brachert, matthias, eva dettmann, and mirko titze ( 2018 ), “ public investment subsidies and firm performance – evidence from germany ”. journal of economics and statistics, vol. ( volume ) 238 ( 2 ) : 103 - 124. 9. https : / / www. bundesregierung. de / resource / blob / 975226 / 847984 / 5b8bc23590d4cb2892b31c987ad672b7 / 20 03 - 14 - koalitionsvertrag - data. pdf? download = 1 10. see normenkontrollrat ( 2018 ), „ deutschland : weniger burokratie, mehr digitalisierung, bessere gesetze – einfach machen! jahresbericht 2018, berlin. the normenkontrollrat baden - wurttemberg has recently established a network of academic advisors, which is hosted by the institute for applied economic research ( iaw ) in tubingen ( press release of 5. august 2019 : „ wissenschaftsministerium fordert netzwerk fur gute

##il its mandate, but sets also some limits. germany as the fourth largest shareholder and the bundesbank value the imf as a very important international financial institution. we will continue our attentiveness to imf policy and close cooperation. the bundesbank provides the subscription payments for germany ’ s quota increases, participates in the so - called “ new arrangements to borrow ” process and the financial transaction plan and stands ready for special drawing rights exchanges in the context of the voluntary trading arrangements. bis central bankers ’ speeches moreover, the bundesbank provided – under very specific circumstances – a very significant, temporary bilateral credit line in 2012, and prolonged it twice to its maximum maturity in november 2016. the bundesbank continues to stand ready to cooperate with the fund as needed and appropriate, in the context of a fair global burden sharing that involves all major shareholders. at this stage, we see the imf to be well equipped with resources. however, when the fund demonstrates a clear need for additional resources to pursue its mandate, the bundesbank will remain open minded for contributions. as indicated, the term in office of mr temmeyer has covered many interesting and challenging topics, and i would like to thank mr temmeyer for his dedication and excellent work. he will return to germany as the president of a regional office of the deutsche bundesbank in leipzig, which leaves me to say : “ welcome home ”. most of the issues mentioned fell also in the term of office of dr steffen meyer who served as alternate executive director since june 2011. it is my pleasure to welcome mr meyer as the new executive director for germany. his strong experience in the fund and before in the ministry of finance dealing with imf issues allows us to “ change horses at full speed ” at the helm of the german executive directors office. it is also my pleasure to welcome mr klaus merk as the new alternate executive director for germany. mr merk has lastly served as the head of the representative office of the bundesbank in tokyo and has used the last five months to familiarize himself more closely with imf matters. mr meyer, mr merk, let me wish both of you all the best and good luck for this quite challenging and responsible position. i look forward to a close and trusting cooperation. thank you for your attention. bis central bankers ’ speeches