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What is CESifo?

CESifo is the international platform of the University of Munich's Center for Economic Studies and Germany's Ifo Institute for Economic Research

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Required reading: CESifo-MIT book on the transparency and credibility of the European Central Bank's decision-making and its decentralized structure.
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Newest at CESifo
May 23rd 2005

Look: no humans

Look: no humans

Environment vs. Development
Mahatma Ghandi said some 50 years ago that Britain had gobbled up half the planet's resources to achieve the prosperity it then enjoyed: he fretted about the number of planets India would need to reach a comparable prosperity. Nowadays, highly-developed USA devours oil voraciously and China hungrily wolfs down staggering amounts of raw materials as it develops. Is there planet enough for the entire world to attain, say, European levels of affluence? A CESifo Working paper points the way to ensuring that the needs of planet and people stop being mutually detrimental.
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NOx begets ozone: not good at ground level

NOx begets ozone: harmful at ground level

Taxing the ObNOXious
Many industries belch nitrogen oxide (NOx) into the atmosphere. NOx, in turn, creates ozone, which provokes asthma and other ailments. Clearly, NOx emissions must be curtailed. The best approach so far is the so-called "cap and trade" system: place a cap on emissions and allow emitters to trade rights to emit. But the late David Bradford and his colleagues at Princeton University found some significant flaws in this approach. They released their findings, and the solutions they propose, in a CESifo Working Paper.
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Are we globalised yet?

Are we globalised yet?

Globalisation Yardsticks
Some countries take pride in riding the crest of the globalisation wave. Others seek to erect barriers to keep that wave from reaching their shores. Yet others are busily throwing life-savers to companies and workers likely to be drowned in the rising tide. The rest swims in between. But exactly where, in between? Many prestigious publications release globalisation rankings, but a new CESifo Working Paper by John Whalley and his colleagues shows the perils of performing such measurements, and points the way to what can actually be measured in terms of establishing the distance to full globalisation.
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A high-level international gathering Lisbon Goals to be Dissected at Munich Economic Summit
High-ranking decision-makers from the world of politics and business will get together with renowned economists and chief editors of major news media at the fourth Munich Economic Summit, to be held on June 9 and 10 in Bavaria's capital, to perform a critical assessment of the achievements attained so far towards the goal of establishing Europe as "the world's most competitive and dynamic economy by 2010".
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On final approach for a soft landing?

On final approach for a soft landing?

Ifo World Economic Climate
The indicator for the world economic climate sank for the fifth time in succession but is still above its long-term average. The most recent survey results continue to indicate a "soft landing" of the world economy and not an imminent sharp decline in economic activity. This is also evident in the fact that the expectations for the next six months —in contrast to the judgements for the current economic situation— have hardly deteriorated. Apparently the majority of WES experts expect the present cooling phase in the world economy to be short term.
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In Brief
CESifo Research Network Surpasses 500-Member Milestone
Four Nobel laureates and scores of other internationally-renowned scholars make up one of Europe's largest and most comprehensive economics research communities.

(left to right) Darío Maldonado, Hans-Werner Sinn, Frederik van der Ploeg, Mathias Trabandt

(left to right) Darío Maldonado, Hans-Werner Sinn, Frederik van der Ploeg, Mathias Trabandt

Distinguished CESifo Affiliates
Darío Maldonado and Mathias Trabandt were awarded the CESifo Prize in Public Economics 2005, instituted to reward young economists, for the scientific originality, policy relevance and quality of exposition of the papers they presented at the 2005 CESifo Area Conference on Public Sector Economics. They thus became Distinguished CESifo Affiliates and joined the growing ranks of young economists in our Research Network who have been variously honoured in the past few weeks. Ludger Woessmann, in turn, was included among the ten most promising German economists under 40 by the economics magazine Wirtschaftswoche. He was the youngest one to be so honoured.




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