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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: The causes and lessons of the financial crisis,
by Hans-Werner Sinn.
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Newest at
CESifo
August 19th, 2010
Your favourite newsletter is back. After a long hiatus caused by your editor having been diverted to other duties, the CESifo Newsletter will again bring you its customary mix of working paper reviews, economic data, the latest developments at CESifo and more. Enjoy.
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I guess I'd better go hunt for a paycheck |
Why Do Scandinavians Work?
Good question, if you consider the high taxes on labour and the generosity of Scandinavian unemployment benefit schemes. While in other comparably generous welfare states social safety nets essentially pay people for not working, leading to uncomfortable numbers of long-term unemployed, in Scandinavia employment levels are remarkably high, matching those in America. Torben Andersen solves the puzzle.
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Natural Resources: Curse or Blessing?
Goodies buried underground would seem like a sure ticket to prosperity. And yet, some countries appear to be cursed by their natural riches, forever mired in poverty and violence, while other resource-poor ones manage to climb to enviable affluence. Rick van der Ploeg explains what makes a country benefit from its natural wealth.
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I feel something is keeping us apart |
The Invisible Wall
Twenty years can be a long time. No teenagers in Germany, for instance, date from before the fall of the Berlin Wall. And yet, the old intra-German border still makes itself felt in intra-German trade patterns. But given that all administrative barriers have long since been removed, what is still at work here? Volker Nitsch and Nikolaus Wolf explain what, and how long it will take for such effects to disappear.
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Ifo Climate Index for the Euro Area: Still Climbing
Not quite there yet, but still headed upwards. With Germany roaring ahead, the Ifo Climate Index for the Euro Area suggests that the economic recovery will continue in the second half of the year, but at a slower pace. At the same time, the Ifo World Economic Climate clouded over slightly in the third quarter of 2010, with lower economic expectations for the coming six months, hinting at a slower pace of recovery of world economic activity in the second half of the year.
Environmentally Unfriendly
Ever wonder why so many environmental projects never materialise? Many flounder after being subjected to cost-and-benefit analyses. But, as Philip E. Graves shows, such analyses are fatally flawed. The solution is fairly simple.
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Other Papers of Interest
From Chinese exchange rates to the evolution of obesity in the US, differences in savings patterns between men and women to the impact of paternity leave: the latest CESifo Working Papers contain research findings for nearly every field of interest, from the historical to the most current. As it is not possible to explore each paper in detail in this issue, we provide here a quick overview complete with download links.
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Video Lecture
Christian Leuz, of the University of Chicago Booth School of Business, delivered a series of three lectures on
"Disclosure and Transparency in Capital Markets". You can watch all three online here.
Further video lectures
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Looking for hard data to support your research?
Visit 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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