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| Newsletter September 2013 | Editor: Julio C. Saavedra |
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| Featured Paper |
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Wait until I talk to my folks back home |
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Go West, Young Man
They used to call it "the Pinochet scholarship": all those exiles during the dictatorship who upon their return contributed to changing the political landscape in the country. But it so happens that emigrés can change voting patterns in the old country even if they do not return — provided that they emigrate to a more democratic sort of place than back home, that is. Christoph Trebesch and colleagues explain why, and how this works, with a real-life example.
Other CESifo Working Papers
Working Paper Submission Form
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| The Original Sinn |
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Life savers, we need more life savers!! |
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Europe's Real Hegemon
The fairly ubiquitous talk of Germany as Europe's hegemon, imposing undue austerity on other Eurozone members and dictating economic policy to the rest, overlooks the fact that another hegemon plays a far bigger role in shaping rescue operations. And is itself in need of rescuing—with possibly dire consequences for Eurozone taxpayers. Hans-Werner Sinn shows why.
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| Economic Indicators |
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The nose does point upwards |
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Ifo Business Climate Continues Its Upward Hike
For the fifth time in a row, the Ifo Business Climate Index for industry and trade in Germany rose over the previous month, albeit slightly this time, to its best level in one-and-a-half years. Although companies assessed their current business situation slightly less favourably, their optimism regarding business expectations for the coming six months was even more buoyant than in September. The German economy has made a confident start into the autumn.
Other Ifo Economic Indicators:
Credit Constraints Remain Unchanged
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| People |
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Faces of the Month |
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Guests and Locals
The CESifo Group is hosting six scholars during October. See what they are working on and get to know their research interests and other aspects of interest.
Other people-related news:
Niklas Potrafke among Top-20
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| Ifo News |
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| Publications of Interest |
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CESifo Economic Studies |
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Whither EMU
The euro crisis appears to be in a lull. A good chance, then, to look forward and see which way the common currency could be headed. This is precisely what CESifo Economic Studies devoted its latest issue to. With articles from Paul de Grauwe, Helge Berger and Volker Nitsch, amongst many other specialists, the journal analyses a wide range of issues, from institutional competitiveness through bilateral imbalances and the ECB to a putative fiscal union for the euro. Definitely a good read.
Other Publications of interest:
CESifo Forum
CESifo Economic Studies
CESifo DICE Report
CESifo World Economic Survey
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| Forthcoming Events |
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| The Chart |
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Opening Up
Financial openness has been derided of late, as a result of the financial crisis and its aftermath. But its benefits are so evident that the trend hardly budged after the crisis. Check out this DICE interactive chart to find out who were the unlikely laggards, and the unlikely achievers, in the openness league.
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| Bulletin Board |
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© 2013 CESifo GmbH | Poschingerstr. 5, 81679 Munich, Germany
www.cesifo.org
All texts are the responsibility of the editor and do not necessarily represent the opinion of Ifo, CES or CESifo, or of the researchers mentioned |
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