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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 pros and cons of financial
liberalization in developing countries.
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Newest at
CESifo
June 25th, 2006
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Bringing my export revenues to the foreign exchange kitty |
Yuan Better Watch Out
With China's ballooning trade and current account surpluses, coupled with its gigantic foreign exchange hoard, calls from the US are becoming ever louder for Beijing to revalue its currency. Only so can the US's equally ballooning fiscal and trade deficits, plus its deep-red current account balance, be cured. Or can they?
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Increased efficacy if applied with synergy |
A
More Intelligent Approach to Curing the Unemployment Malaise
If you are too short to reach an apple on a tree and your friend is too short as well, then let her climb on your shoulders: the combined "you" will be tall enough to pluck the coveted apple. That's what you call synergy. That's what labour market reforms need: climb on the shoulders of product market reforms to reach the coveted apple of reducing unemployment.
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The Ifo Institute: Fluorishing again, and with an even sunnier future |
Ifo Institute with Flying Colours
Munich's Ifo Institute, one of the pillars of the CESifo Group, was evaluated by the Leibniz Association's Senate, together with several other German economic research think-tanks, on behalf of Germany's research promotion body. The Senate's pronouncement on Ifo, based on the findings of the evaluation carried out last October, was made public this week. Much was at stake. And Ifo passed the test with flying colours.
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keep at it |
Improvement of the Ifo Index
The Ifo Business Climate Index for industry and trade in Germany rose in June after having fallen slightly in the previous month. The surveyed firms appraised their current business situation clearly more favourably than in the previous month. This is the seventh time in succession that the current business situation has been assessed more positively. The decline of the business expectations did not continue; this time slightly more firms expect further improvement over the next six months. The economic recovery continues to be robust.
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CESifo's DICE
Database for free-of-charge data
on country basics, education, labour markets, public finance,
social policy, health, business and much more.
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