OBFA-TRANSFORM Working Paper SeriesThe OBFA-TRANSFORM Working Paper Series publishes ongoing research output by the group that applies the Monetary Architecture framework and the OBFA concept on various contemporary and historical subjects.September 2024No. 3-ENSchrödinger's Off-Balance-Sheet Fiscal Agency. The Recovery and Resilience Facility and the Limits to Incremental Fiscal Integration in Europe Friederike Reimer, Andrei Guter-Sandu, Armin Haas, and Steffen MurauAugust 2024No. 2-ENThe Mefo Operation. A Macro-Financial Analysis of Camouflaged Sovereign Borrowing through Off-Balance-Sheet Fiscal Agencies, 1933-1945 Armin Haas, Friederike Reimer, Andrei Guter-Sandu, and Steffen Murau July 2024No. 1-ENState Finance Beyond the Core Budget. Off-Balance-Sheet Fiscal Agencies in Germany's Fiscal Ecosystem Gregor Laudage, Armin Haas, Andrei Guter-Sandu, and Steffen MurauNo. 1-DEStaatsfinanzen jenseits des Kernhaushalts. Bilanzexterne Fiskalagenturen im deutschen fiskalischen ÖkosystemGregor Laudage, Armin Haas, Andrei Guter-Sandu, and Steffen Murau
