A paper about the Hofbräuhaus 🍻, the TÜV 🚗 and the KfW 🏦.
Sounds like a rather random combination 🤯 but it's not. Why?
Find out what Gregor Laudage and colleagues from OBFA-Transform found out and beautifully mapped.
1/What do the KTF, the autobahn and the chimney sweepers' pension fund have in common? They are all part of the wide landscape of off-balance-sheet fiscal agencies (OBFA) in Germany and therefore part of our new working paper with @agutersandu.bsky.social @steffenmurau.bsky.social and Armin Haas.