UK’s Brexit Bill
Some months ago we presented a paper investigating who voted for Brexit to better understand how the Leave vote actually happened. A recent CESifo Working Paper contributes to the debate by analysing the economic consequences, i.e. the costs of Brexit, and coming up with a reliable method for estimating the potential Brexit bill. Both a summary and the full working paper are available online.
Other CESifo Working Papers
Working Paper Submission Form
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Three-Step Plan for a Better European Monetary Fund
In his latest viewpoint Clemens Fuest takes up the European Commission’s proposal to further develop the ESM into a European Monetary Fund. He outlines a three-step plan to improve the proposal focusing on measures to prevent crises and protect taxpayers from liability for the debts of other states or insolvent banks. Read the full text here.
More from and about Clemens Fuest
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 A Trumpian Turn in EU Trade Politics and the Silence of Germany
As of 2018, this newsletter will feature a new rubric presenting the latest research output from the EconPol Europe network. The latest EconPol Opinion takes a closer look at reforming the EU’s trade defence instruments and how a political agreement was reached. Surprisingly, Germany’s voice did not resound in the debate. Does this position signal a new and worrying stance towards free trade? Find out more on EconPol’s website.
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Tax Credits in the US
Self-employed workers in the US adjust their income if government welfare and aid programmes provide incentives to do so. Although some make this adjustment legally by working longer or shorter hours, other self-employed workers choose to illegally misreport their income. Follow the link to find out more about the study conducted by ifo researcher Andreas Peichl and co-authors.
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ifo Business Climate Index Rises
Sentiment among German businesses was very strong going into the year. The ifo Business Climate Index rose to 117.6 points in January from 117.2 points in December. This was due to far better assessments of the current business situation, with the sub-indicator hitting a record high. Business expectations for the next six months, by contrast, were slightly scaled back, but remain at a high level. The German economy made a dynamic start to the year.
Other Economic Indicators:
ifo Employment Barometer
ifo Export Expectations
ifo Business Survey Service Sector
ifo World Economic Survey
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CESifo Forum 4/2017: Digitalisation and the Welfare State
The winter issue of CESifo Forum focuses on digitalisation and the welfare state. The articles featured analyse the implications of digitalisation for the labour market and the social security system. Read these insightful articles, as well as special contributions on the German housing market and the costs of Trump’s protectionism free online.
Other Publications of Interest:
CESifo Economic Studies
ifo DICE Report
ifo World Economic Survey
CESifo Working Papers
Economic Policy
EconPol Publications
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CESifo Area Conferences
The deadlines for the CESifo Area Conferences on Public Sector Economics and on Employment and Social Protection are approaching fast. All CESifo network members are invited to submit their papers which may deal with any topic in public economics, employment or social protection respectively. The Public Sector conference will take place at the ifo Institute in Munich on 12-14 April 2018. The highlight will be the annual Richard Musgrave Lecture with Michael Devereux. The following week (20-21 April 2018), CESifo will host the area conference on Employment and Social Protection. Please visit our website for an overview and more details of forthcoming events.
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Submission Deadlines for Conferences
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Guests and Locals
CESifo is hosting guest researchers from France and Germany in February 2018. Learn a bit about what they are working on, and about who they are:
Matthias Neuenkirch, University of Trier, will be visiting CESifo from 19 February to 22 February 2018.
Helene Ollivier, Paris School of Economics – CNRS , will be visiting CESifo from 26 February to 02 March 2018.
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University of Aberdeen launches new MSc in Law & Economics of Oil and Gas
Managing oil and gas exploration takes place in a complex environment: regulation and taxation by governments play an important role. The oil price is also influenced by various factors including demand from China, unconventional supply from the US and other political events. The MSc in Law & Economics of Oil and Gas explains how to deal with this environment: contracting between states and commercial actors, how to understand the global crude oil market, licensing, upstream taxation, environmental regulation, decision-making criteria and the role of uncertainty. In short, this unique programme offers both a legal and an economic perspective on the industry. Students benefit from the expertise of experts in both the Business School and the Law School. All information about this MSc can be found here.
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For new postings on the Bulletin Board, please contact Yvonne Maldener.
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