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| Featured Publication |
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Close at your peril |
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Have Skills, Will Travel
While the plight of the boat people drowning before Europe's Mediterranean coast grabs the headlines, a different kind of migration is equally pressing in EU policymakers' minds: that of the highly skilled workers essential for it to sustain its prosperity in years to come. The locals fret that the newcomers will steal their jobs and that the net effect will be zero. How much do immigrants really contribute to per capita GDP growth? A new CESifo Working Paper has the figures.
Other CESifo Working Papers
Working Paper Submission Form
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| The Original Sinn |
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Brotherly love |
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A Parallel Currency for Greece
Over the past five years, Greece has received 325 billion euros in public rescue credit, equivalent to more than 1.8 times its GDP. And yet unemployment has more than doubled and its economy is still in the doldrums. It is time for Greece to reintroduce the drachma and use the euro as a parallel currency, as it would ease the path to restoring its competitiveness, argues Hans-Werner Sinn.
More from and about Hans-Werner Sinn:
Stop the splinter unions
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| Economic Indicators |
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| From the Editor |
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That one looks like a contradiction |
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Lazy Summer Days
A lot of crazy notions chase each other in one's head while lying on the grass, studying the clouds. From Google through Airbus to hidden champions, from Putin's model behaviour to Greece's dream solution. Pity that summer is so fickle here in Germany. Otherwise there would be more opportunity for random musings.
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| The Chart |
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Climbing the ladder |
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The Real Capital
What do countries like Switzerland and Singapore have in common? Quite a lot, actually. They both have tiny domestic markets, lack natural resources, and have cultivated the one resource that can grow with time and, even if deployed in abundance, never becomes depleted: their people. Good education will improve what, in effect, is the real capital of nations, as a new OECD report led by Eric Hanushek and Ludger Woessmann makes clear. A new interactive DICE chart gives deeper insights into the link between education and economic performance. Check it out.
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© 2015 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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