June 2016

More information improves the quality of decision-making, or at least according to one of the principles of economics. A new CESifo Working Paper by Nikolaus Schweizer and Nora Szech confronts us with the limitations of this rule: When life-changing information is revealed, people often refuse to get informed. Learn why less is sometimes more.

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Working Paper Submission Form

"The decision by British voters in favour of a Brexit marks the defeat of common sense. Politics now has to do everything it can to limit the damages. That means ensuring that Britain remains integrated in the internal market as far as possible. Negotiations to that end should be concluded very quickly, so that the phase of uncertainty over future economic relations remains as short as possible."

Sentiment in the German economy improved significantly ahead of the Brexit referendum. Satisfaction levels with the current business situation were only slightly higher, but the short-term business outlook improved significantly. In manufacturing and wholesaling the business climate improved, while the record high reached by the business climate in construction was shattered again in June. The German economy remains buoyant.

Other Economic Indicators:
Eurozone Economic Outlook: Recovery Continues Amid Huge Political Risks
Ifo Business Climate Index for Eastern Germany Rises
Credit Constraints Edge Upwards
Export Expectations Rise
Hiring by German Companies Continues Unabated

A special issue of the CESifo Forum is devoted to the achievements of Hans-Werner Sinn, former Ifo President. Internationally renowned economists like Nobel prize-winners Edmund Phelps and Robert Solow, German Federal Finance Minister Wolfgang Schäuble and Bundesbank President Jens Weidmann present their personal view of debates led by Sinn on key economic policy topics.

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

The robust upturn seen in the German economy since 2014 will continue. That is the main take-away from Ifo's latest economic forecast. The Ifo Institute expects real gross domestic product to grow by 1.8% this year and by 1.6% in 2017. Buoyant domestic demand is a key driver of growth. Within a context of positive overall economic developments, the positive basic trend in the German labour market will continue, although the dynamic may not remain quite as strong as in recent months.

Other Ifo News
Changes to Ifo's Supervisory Bodies

In cooperation with the Venice International University, CESifo's seventeenth Venice Summer Institute will take place from 18 to 23 July 2016. Five different workshops will cover a variety of topics ranging from income redistribution to migration and the economics of peace and war. In each of these workshops junior and senior economist come together and have the opportunity to present and discuss their recent research.

Submission Deadlines for Conferences
24 September 2016    10th Workshop on Political Economy

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Other Forthcoming Academic Conferences