Season's Greetings
It is that time of year again: a time for looking back and taking stock of what has happened over the past twelve months, but also for looking ahead to what is coming up in 2019. We would like to take this opportunity to wish our readers all the very best for the festive season!
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Featured Paper
It is a well-established tradition that every CESifo Newsletter features one of the numerous Working Papers published by CESifo. This year’s features covered a broad range of topics including a reliable method for estimating UK’s potential Brexit bill (no. 6780), an efficiency analysis of performance targets in public unemployment schemes (no. 7200), as well as a useful tool to evaluate the optimal level of taxes when different types of income or spouses have to be taxed (no. 7248). A special highlight was the contribution of three Norwegian researchers who studied why the children of wealthy parents tend to be well off themselves (no. 6955). These and many more featured papers are available here.
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Viewpoint
Politically, 2018 was an eventful year. As a result, this year’s Viewpoint section covers a diverse spectrum of topics. CESifo President Clemens Fuest took a stance on German tax policies (no. 195), European fiscal policies (here), as well as Trump’s protectionist policies (no. 197 and no. 198). If you want to look back on 2018’s highlights, a full list of all Viewpoints can be accessed on our website.
More from and about Clemens Fuest
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 EconPol Europe
EconPol Europe is now about to enter its second calendar year and the network has already produced a significant deal of work. Overall, network members published 9 Opinions, 7 Policy Briefs, 5 Policy Reports and 13 Working Papers, making a major contribution to the European policy debate. The highlight of the year was EconPol’s annual conference on “International Trade and Protectionism” in Brussels held in November. A series of videos of the event is available on EconPol’s website.
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ifo Business Climate Index Falls
Concern is growing among German businesses. The ifo Business Climate Index fell to 101.0 points in December from 102.0 points in November. Companies were less satisfied with their current business situation. Their business expectations also continued to deteriorate. The German economy faces a lean festive season.
Other Economic Indicators:
ifo Employment Barometer
ifo Export Expectations
ifo World Economic Survey
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Publications of Interest
CESifo was very active in 2018 too. By far the largest amount of research output was generated by our network members, who published over 550 CESifo Working Papers, 9 of which were featured in this newsletter. Peer-reviewed studies were published in 4 issues of CESifo Economic Studies, including an issue on inequality and public policies, as well as on the use of geo-coded data in economic research. The CESifo Forum offered quarterly reports on scientific research within the CESifo Group encompassing controversial topics like the introduction of an unconditional basic income and an analysis of EU cohesion policies. We will be keeping up the good work next year - so watch out for CESifo’s publications in 2019!
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Past and Forthcoming Events
Every year has its highlights that make it special. In 2018 these included the ifo Annual Meeting, the Richard Musgrave Lecture given by Michael P. Devereux and the Munich Lecture in Economics delivered by Torsten Persson. Visit our media library for on-demand videos of these and many other CESifo events. In addition, CESifo also focused heavily on policy-oriented events, including the Chiemsee Conference to celebrate Hans-Werner Sinn’s 70th Birthday and the Munich Economic Summit entitled "Reshaping Europe".
Looking ahead, the 20th anniversary of CESifo’s foundation will be celebrated in 2019 at several special events. In co-operation with the Venice International University, the 20th Venice Summer Institute will take place in June, emphasising CESifo’s strong European ties.
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A few dates for your diary
28 March 2019
Richard Musgrave Lecture 2019 with Roger Gordon (UCSD)
03 – 08 Jun 2019
Venice Summer Institute 2019 with 5 attractive workshops
06 Jun 2019
ifo Annual Meeting 2019 on Lessons from 70 Years of Social Market Economy and Economic Research
21 – 23 Aug 2019
2019 IIPF Annual Congress on “Taxation and Mobility” in Glasgow
19 – 21 Nov 2019
Munich Lectures in Economics with Amy Finkelstein (MIT)
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People
In August, CESifo was delighted to welcome its 1,500th network member, Michèle Tertilt. Her research mainly covers the areas of macroeconomics, family and development economics and she was recently awarded the highly prestigious Gottfried Wilhelm Leibniz Prize 2019. The network now has 1,525 members from 43 countries; 70 of which visited Munich in 2018 to exchange ideas with researchers at CES and CESifo. Find out more about the network and the guest programme on CESifo’s website.
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Guests
CESifo is hosting guest researchers from Belgium, Chile, Italy, and the UK in January 2019. Learn a bit about what they are working on, and about who they are:
Hylke Vandenbussche, KU Leuven, will be visiting CESifo 7 to 19 January 2019.
Stef Proost, KU Leuven, will be visiting CESifo 21 to 25 January 2019.
Roberto Ricciuti, University of Verona, will be visiting CESifo 7 to 19 January 2019.
Martin Besfamille, Pontificia Universidad Católica de Chile, will be visiting CES19 January 2019 to 20 February 2019.
John Ryan, The London School of Economics and Political Science, will be visiting CESifo 21 January to 2 February 2019.
Erwin Ooghe, KU Leuven, will be visiting CESifo 28 January to 1 February 2019.
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 Call for Papers: Dynamics of Inequality Across the Life-course (DIAL) Conference 6–8 June 2019, University of Turku, Finland
The DIAL programme is focused on understanding the dynamics of inequalities as they unfold over the life course, causal processes and drivers in relation to these inequalities, and the impact of these inequalities on social cohesion. The organizing committee welcomes submissions that address the themes of the research programme from both researchers working in DIAL projects as well as other scholars working on these topics. Abstract submission is open until 11 January 2019. The keynotes will be delivered by Karl Ulrich Mayer on “The Contribution of Life Course Research to the Study of Inequality – More Questions than Answers?”, Jo Blanden on “New Dimensions of Intergenerational Economic Mobility” as well as Florencia Torche on “The Effects of Early-life Exposures on Health, Cognitive, and Educational Outcomes over the Life Course”. For more information and to submit your abstract visit the conference website.
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For new postings on the Bulletin Board, please contact us at services@cesifo.de.
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