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| Featured Publication |
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EEAG Report 2014
Throughout March, the new EEAG Report on the European Economy 2014 was presented at a number of European capitals to government officials, politicians, academics, business leaders and media representatives. Prepared by the European Economic Advisory Group at CESifo, the report includes a thorough macroeconomic analysis and forecast for 2014, as well as in-depth chapters on what makes Switzerland a worthy example for the European Union to follow, an analysis of the features and effects of austerity in the crisis-stricken countries, and a discussion on the pros and cons of a banking union for the Eurozone. Click on the links below for summary articles on each of these chapters.
Austerity is doing its bit
Banking Union: Could it turn out better than expected?
Europe, the Swiss Way
Download the Macroeconomic Forecast (PDF, 6MB)
CESifo Working Papers
Working Paper Submission Form
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| The Original Sinn |
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You'll need a very long pole |
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Setting the Bar Excessively High
Germany's Constitutional Court pronouncement on the European Stability Mechanism implies that unconstitutionality, as pertains to the bailout operations conducted under the umbrella of the ESM, would not kick in until the Bundestag has entirely lost control over the German budget. It also disregarded some important aspects, says Hans-Werner Sinn.
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| Economic Indicators |
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| From the Editor |
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Either I win, or you lose |
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Come Play the Game
Germany appears to be awkward company when it comes to having it as one of the partners in any joint currency undertaking, be it the Exchange Rate Mechanism or the Eurozone. Germany, it is grumbled, is a tad too competitive: it tends to leave its partners in the dust. But don't worry. The country is doing its bit to curtail its economic prowess. And out of its own volition.
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| The Chart |
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Corruption Ups and Downs
Among the many things that led to the toppling of Viktor Yanukovich in Ukraine was the perception that corruption in his government had become intolerable. Corruption can do that to you. Still, many countries cling to the old habits, while one in particular relapsed from top to near-bottom. DICE has prepared an interesting interactive chart that shows countries from squeakiest to stickiest. Check it out.
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| Events |
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| People |
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Faces of the Month |
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Guests and Locals
The CESifo Group is hosting a number of scholars during March/April. See what they are working on and get to know their research focus and other aspects of interest.
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| Ifo News |
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| Publications of Interest |
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Trapped in the Euro
The euro was supposed to bind Europe more closely together. Instead, it has ended up causing a rift between the Eurozone's southern periphery, caught in a competitive trap, and the so-called core, trapped in a liability spiral. While the crisis that brought the rift to the surface has calmed down in the meantime, it is still smouldering. What brought the currency union to this situation and possible ways to both preserve the euro and overcome the rift is succinctly explained in Hans-Werner Sinn's new book, "Trapped in the Euro". Alas, it is only in German. But do not despair: his new opus in English, "The Euro Trap," is coming out in June.
Other Publications of Interest:
CESifo Forum
CESifo Economic Studies
CESifo DICE Report
CESifo World Economic Survey
CESifo Working Papers |
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© 2013-2014 CESifo GmbH | Poschingerstr. 5, 81679 Munich, Germany
www.cesifo.org
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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Published by CESifo GmbH, Poschingerstraße 5, 81679 Munich, Germany
Tel.: +49 (89) 9224-1425, Fax: +49 (89) 9224-1409
Editor: Julio C. Saavedra
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