In the Berner Zeitung, Johannes Reichen reports about planned maintenance work on Lake Gerzensee’s overflow. The Study Center (which owns the lake located on the territory of three communities) is portrayed as an institution that could have given more money …
Interested parties are welcome to inquire if they wish to know more.
Jointly with the Journal of Economic Dynamics and Control, the St. Louis Fed, the University of Bern and the Swiss National Bank, the Study Center Gerzensee organises a conference on International Economics. The program can be viewed here.
On the blog insideparadeplatz, Marc Meyer criticizes the Swiss National Bank’s policies. He also proposes to convert the Study Center into a home for asylum seekers (since the academic staff and visitors are useless anyway) and to pay a large lump sum to each refugee. The motivation and the line of argument remain somewhat unclear.
On the occasion of the tenth anniversary of the Swiss “Debt Brake,” the Study Center Gerzensee organized a conference on fiscal institutions, joint with the Swiss Society of Economics and Statistics, the Federal Finance Administration and the Universities of Lucerne and St. Gallen. The program can be viewed here (PDF).
A few tidbits: Eveline Widmer-Schlumpf (President of the Swiss Confederation) emphasized the importance of “rigor and flexibility” as well as democratic legitimacy for the success of the Swiss debt brake rule.
Against the background of his experience at the Congressional Budget Office, Barry Anderson (National Governors Association) stressed the importance of the personality of the head of an independent fiscal institution: What is needed, in his view, is a low key technician who avoids the limelight.
Guido Tabellini (Bocconi University) argued that a successful budgetary framework needs to be consistent with the political system. Rules on the local level can be stricter and simpler because of transfers on the national level and national enforcement possibilities. Enforcement requires public support and thus, understanding by voters.
Similarly, Joakim Sonnegård (Swedish Fiscal Policy Council) argued in favor of self-enforcing mechanisms and institutionalized memory of bad times.
The history of the “New Castle,” the home of the Study Center Gerzensee, goes back to 1700 when a belvedere – built in French baroque style on the slopes of the Belpberg in the community of Gerzensee – was raised by Samuel Morlot. Over the centuries, many families owned the property before the Swiss National Bank acquired it in 1980. Four years later, the foundation Study Center Gerzensee was established and the Swiss National Bank transferred the manor house and surrounding real estate to the foundation. The first courses at the Study Center took place in 1986.
A brochure (in German) that was published on the occasion of the 25th anniversary of the opening of the Study Center reviews the history of the “New Castle.”