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  Newsletter February 2016
Featured Paper From the Editor Economic Indicators
The Original 
Publications of Interest
The Chart Forthcoming Event People Ifo News Bulletin Board
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  Featured Paper

Make me rich

 My Home is my Fort Knox

The Irish, Britons and Americans do it, Germans not so much and the Swiss almost not at all: invest in a house as a store of value and wealth. Does it actually pay off? At first sight yes, but it is actually not very easy to find out. A new CESifo Working Paper cut through the thicket and found that, surprisingly, it does not. Check out why.


Other CESifo Working Papers
Working Paper Submission Form

  The Original Sinn

Brothers in arms

 Those Who Stand Together Stay Together

The European Union is fraying at the edges. And riven down the middle too. All kinds of solutions have been put forth, from deeper fiscal integration through EU economic governance to a United States of Europe some time down the road. But what Hans-Werner Sinn proposes, together with Michael Hüther, is what you may truly call out-of-the-box thinking: a common European army. How would that help? Just click on.

More from and about Hans-Werner Sinn
   Economic Indicators

Low energy prices are not really helping

 Ifo Business Climate Index Plummets

It's now three times in a row that the index has retreated. And for the first time in over half a year, the majority of companies were pessimistic about their business outlook. But at least assessments of the current business situation were slightly better than last month. Not all is lost.

Other Economic Indicators:
Credit Constraints Edge Upwards
German Companies Adopt More Cautious Approach to Hiring
Only Seven Percent of German Companies Employ Refugees
Manufacturers Expect Slowdown in Export Growth
German Service Sector: Ifo Business Climate Indicator Falls
Germany's Net Capital Exports Hit New Record High
Ifo World Economic Climate Continues to Cloud Over

   From the Editor

Not feeling well...

 Our Child Is Unwell

We were so delighted when she took her first steps. And she truly looked so robust for a while, destined to grow ever larger and stronger. But now our poor European Union is looking ill, exhausted, bewildered and hurt. No cure appears suitable, while ever more plagues threaten her from abroad... and from within. May you overcome it all and walk tall again, our dear child.

  Forthcoming Event

 CESifo Area Conference on Applied Microeconomics

With a keynote lecture by Johannes Hörner, this CESifo-family conference will once again bring budding researchers in contact with seasoned scholars to exchange the latest in their field of research. Watch out for the resulting papers.

Check out also:
Other Forthcoming Academic Conferences

  The Chart

We can manage. Hopefully

 Asylum applicants, January 2008 ‒ November 2015

Germany and Sweden are feeling a bit swamped by the inflow of refugees. Other places want nothing to do with accommodating the newcomers. How has the number of asylum applicants evolved over the past seven years? DICE has an interesting visual story on the issue. Check it out.

   Publications of Interest

EEAG Report 2016

 EEAG Report 2016

The 2016 EEAG Report on the European Economy offers an in-depth look on Intergenerational Fairness, examining aspects related to pensions and other issues that stretch over more than one generation. It also takes a look at how Tuning Secondary Education could improve employment chances for the young in the EU, before dissecting a country that seems to be doing everything right: Denmark - Too good to be true?. Finally, it looks at the prospects of the last chunk of the European Mediterranean coast yet to become a part of the Union, the Western Balkans: Coming Together. All chapters of the Report are free to download. The corresponding links are posted in the articles listed above.

Other Publications of Interest:
Economic Policy
CESifo Forum
CESifo DICE Report
CESifo World Economic Survey
CESifo Working Papers

   Ifo News

 Economists Sceptical About Inflow of Asylum-Seekers

The newly-established Economists Panel by Ifo and the Frankfurter Allgemeine Zeitung finds that the majority of German economics professors is sceptical about the putative positive effects of the current flood of asylum-seekers to Germany. The Panel will regularly poll a representative group of economics professors at German universities on topical economic policy issues. The results will be published by the Frankfurter Allgemeine Zeitung.

Other Ifo News:
Controls on Persons Lower Economic Output by 17 to 41 Euros per Capita
Ifo Institute Cautions Against Brexit
Border Controls Will Come at a Low Price for Austrians

   People

Faces of the Month

 Guests and Locals

The CESifo Group is hosting a number of scholars during March. See what they are working on and get to know their research focus and other aspects of interest.

  Bulletin Board

 

 News and things of interest to CESifo Network members

We have a conference in Bern and a summer school in Barcelona for you this time. Check them out. For new postings on the Bulletin Board, please contact Yvonne Maldener.

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All texts are the responsibility of the editor and do not necessarily represent the opinion of Ifo, CES or CESifo, or of the researchers mentioned
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Editor: Julio C. Saavedra
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