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  Newsletter June 2015
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 Publication
Illustration by Julio Saavedra

Caution: burp ahead

 Stepping on the Gas

Many countries around the world are slashing or ditching energy subsidies. Russia is not. But what if? What would the economic significance of such a step be, both in and out of the country? A new CESifo Working Paper did the maths.

Other CESifo Working Papers
Working Paper Submission Form

  The Original Sinn

Now look me in the eye

 Varoufakis's Plan B

Greek Finance Minister Yanis Varoufakis has been derided as an expert in game theory who actually doesn't know his game. Hans-Werner Sinn disagrees. Varoufakis is playing a fairly subtle, and so far effective, game. The Varoufakis Great Game.

More from and about Hans-Werner Sinn:
Ifo President Supports Orderly Grexit
 Ifo President Warns of IMF’s Exclusion from Greece Negotiations
 Ifo President criticises European Court of Justice

   Ifo News

He's got his work cut out

 Clemens Fuest New Ifo President

After many months of feverish speculation and rumours, white smoke has finally emerged: a successor to Hans-Werner Sinn as Ifo President has been found. Starting on 1 April 2016, Clemens Fuest, hitherto President of the ZEW research institute in Mannheim, will take the helm at Germany's largest and most influential economics research institute. At the same time, he will take up a professorship at the economics faculty of the University of Munich (LMU), which is linked to the Ifo presidency. Read why he's such a good choice.

Other Ifo News:
CESifo distinguished by the Ifo Institute

   Economic Indicators

No need to fasten seat belts just yet

 Ifo Index Drops a Notch

The Ifo Business Climate Index left cruising altitude for what, it is hoped, is just a level adjustment and not the start of a descent. It fell to 107.4 points in June from 108.5 points last month. Business expectations, while still slightly optimistic, clouded over for the third consecutive month. The German economy might be approaching a bit of turbulence.

Other Economic Indicators:
Credit Constraints Hit Successive Historic Lows
Ifo Business Climate for Eastern Germany Clouds Over
German Companies Scale Back Recruitment Plans Slightly
Export Outlook for Manufacturing Somewhat Less Optimistic
German Service Sector: Ifo Business Climate Indicator for the Service Sector Continues to Rise
Ifo Economic Forecast 2015: German Economy on the Upturn
Ifo Survey Signals Rising Revenues in German Manufacturing

   From the Editor

Now give me a minute here!

 Peanut Rage

There was much hullabaloo in Germany about the cost of the recent G7 summit. Ninety-thousand euros per minute! Some went livid. Outrageous. Irresponsible. Utterly unthinkable, they fumed. Really? It's actually peanuts, people. Get real.

  The Chart

You've gotta be fit to climb down that ladder

 The Race Goes to the Fittest

Much has been said about how the euro made the countries in the Eurozone's southern fringe uncompetitive. Only by regaining their competitiveness can they restore their finances. The message implied is that competitiveness and economic prosperity go hand in hand. How do countries around the world fare in the competitiveness league? A new interactive DICE chart has the data. Check it out.

   Publications of Interest

The printed version is also portable

 CESifo Economic Studies

The latest issue of CESifo's scholarly journal is out. Devoted to the portability of social benefits, it has enlisted a clutch of scholars to deliver a weighty analysis of an issue that has an impact on migration, taxation and insurance, among many other aspects. Review the contents here.

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

  Forthcoming Events

Time for romantic econometric regressions

 Venice Summer Institute 2015

CESifo's most romantic series of conferences, the Venice Summer Institute, will be held from 20 to 25 July on a small, wooded island in the Bay of Venice. Well, the romantic bit, being all participants practitioners of the dismal science, will be rather microscopic, but there you have it. Check out the topics this year here.

Check out also:
Forthcoming Academic Conferences
Munich Seminar, 13 July, Leszek Balcerowicz: Economic Growth in the EU in a Comparative Perspective

   People

Faces of the Month

 Guests and Locals

The CESifo Group is hosting a number of scholars during July. 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

Just like last year and the year before last, CESifo will be throwing a party, I mean a reception, a little reception, that is, on the margins of this year's meeting of the European Economics Association. Small it may be, but booze and chow will be for free. Just drop by. For new postings on the Bulletin Board, please contact Yvonne Maldener.

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   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
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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