Öffentliche Planungs-und Steuerungsinstrumente sollen eine ganzheitliche und wirkungsorientierte Verwaltungsführung unterstützen. Im vorliegenden Beitrag werden die Grenzen und Herausforderungen dieser Instrumente im Kontext der Schweizer Kantone vertieft betrachtet. Die Ergebnisse zeigen, dass die Kantone Steuerungsinstrumente in unterschiedlichem Ausmass einsetzen und dass die Instrumente begrenzt aufeinander abgestimmt sind. Dies lässt sich erklären durch die politische, institutionelle und kulturelle Prägung der Planung und Steuerung. Darauf aufbauend diskutiert der Beitrag, wie Steuerungssysteme weiterentwickelt werden können, um dem «Zeitgeist» des 21. Jahrhunderts zu entsprechen.

Ponta et al: Devisenreserven der SNB zur Finanzierung der AHV? 32 Cela pourrait avoir un impact négatif sur l'économie suisse. En outre, le financement de l'AVS ne serait pas durablement assuré avec cette proposition. Par conséquent, un couplage de la politique monétaire et de la politique sociale pour financer l'AVS n'est pas à préconiser.Mots clés: réserves monétaires; AVS; BNS; Wechselkurs; stabilité des prix; politique monétaire; Politique sociale As part of its rigorous minimum exchange rate policy, the Swiss National Bank (SNB) has accumulated a considerable amount of foreign exchange in recent years, reaching a level of over 850 billion Swiss francs at the end of 2020 and thus exceeding the Swiss GDP. As a result of, there have increasingly been demands to use at least part of the foreign exchange reserves in the interest of the Swiss population. A study from 2019 suggests those reserves to be transferred to a special fund, using its annual interest income to finance the old-age and survivors' insurance (AHV): for some years, there has been an imbalance between those paying and those receiving AHV contribution. Hence, in the long term, the contributions of the insured and the public sector can no longer cover current pension payments. This underpins the urgency of securing the financing of the AHV in the long run. This study aims to answer the question whether the use of the SNB's foreign exchange reserves to finance the AHV is to be endorsed. To this end, it examines the potential impact of a transfer of foreign exchange reserves to finance the AHV on the SNB's monetary policy mandate, the Swiss economy, and the financial situation of the AHV. Based on a comprehensive literature review, an empirical analysis is conducted using problem-centered interviews with five experts. The analysis shows that the transfer of foreign exchange reserves to a special fund could give rise to various challenges that would complicate the SNB's monetary policy mandate. This in turn could have a negative impact on the Swiss economy. Moreover, the financing of the AHV would not be sustainably secured with this proposal. Against this background, a coupling of monetary and social policy to finance the AHV is not recommended.