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CESifo Group Munich

The CESifo Group, consisting of the Center for Economic Studies (CES), the Ifo Institute and the CESifo GmbH (Munich Society for the Promotion of Economic Research) is a research group unique in Europe in the area of economic research. read on CESifo Group Munich

  1. News
  2. Survey results
  3. Upcoming events
  4. New Publications
  1. ifo Konjunkturperspektiven for April 2016 Published

    teaserImage The business climate indicator rose in manufacturing, construction and the services sector in April, while the business climate clouded over in wholesaling and retailing. Details

  2. Ifo President Clemens Fuest Opposes Abolition of 500 Euro Banknotes

    teaserImage Ifo’s President Clemens Fuest opposes the abolition of the 500 euro bank note: "The abolition of the 500 euro note undermines confidence in the European Central Bank (ECB). It will inevitably create the impression that the main reason for abolishing the banknote is to push negative interest rates even lower.” Details

  3. New in the DICE Database

    teaserImage The DICE database features new overviews and assessments of venture capital Investments, the Environmental Performance Index (EPI), the Environmental Democracy Index (EDI), expenditure on social security and the financing of the social security systems. New contents have also been added to the Visual Storytelling interactive graphics application. Details

  4. Ifo Economic Climate in the Euro Area Continues to Cloud Over

    teaserImage Economic sentiment in the euro area weakened. The Ifo Index for the economic climate in the euro area continued to fall, declining from 118.9 points to 112.7 points in the second quarter. The index nevertheless remains above its long-term average. The economic climate deteriorated due to both less favourable assessments of the current economic situation and slightly more sceptical business expectations. According to the survey results, economic growth will reach 1.6 percent this year. There are still no signs of a sweeping economic recovery in the euro area. Details

  5. The Sovereign Default Problem in the Eurozone

    teaserImage The issue of sovereign default has been an unresolved problem in the Eurozone for several years. In her thesis, which was published in the ifo Beträge zur Wirtschaftsforschung series, Nadjeschda Arnold explains that a commitment problem to no bailouts on the part of the European Monetary Union may have banished interest rate risk premiums, inducing its member states to ignore a part of their original repayment obligation in their debt decision. Insurance could be used as a means of restoring optimal incentives of debt accumulation by replacing the interest rate risk premiums with insurance premiums. Details

  1. Advance results of the Ifo World Economic Survey (WES) of 2nd quarter 2016 (03 May 2016)

    Ifo Economic Climate in the Euro Area Continues to Cloud Over

    May 3, 2016: Economic sentiment in the euro area weakened. The Ifo Index for the economic climate in the euro area continued to fall, declining from 118.9 points to 112.7 points in the second quarter. The index nevertheless remains above its long-term average. The economic climate deteriorated due to both less favourable assessments of the current economic situation and slightly more sceptical business expectations. According to the survey results, economic growth will reach 1.6 percent this year. There are still no signs of a sweeping economic recovery in the euro area. Details

  2. Credit Constraint Indicator - From the Ifo Business Survey for April 2016

    Credit Constraints Hit Historic Low

    Apr 29, 2016: The credit constraints for industry and trade plunged to a historic low of 14.2 percent in April from 15.2 percent last month. Credit constraints dropped in all sectors, marking a further improvement in the financing environment for German companies. This was mainly due to the European Central Bank flooding the markets with money. Details

  3. Results of the Ifo Business Survey for April 2016

    Ifo Business Climate Index for Eastern Germany Rises Slightly

    Apr 28, 2016: The Ifo Business Climate Index for the eastern German Länder rose again slightly in April after three consecutive decreases. Eastern German survey participants’ assessments of their current business situation were marginally better than last month. Their business expectations also brightened slightly. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for April 2016

    German Companies Plan to Recruit More Staff

    Apr 27, 2016: German companies are planning to recruit more staff. After three consecutive decreases, the Ifo Employment Barometer rose to 108.1 points in April from 107.4 points in March and the employment dynamic gained impetus. Details

  5. Ifo Export Expectations - Ifo Business Survey for April 2016

    Export Expectations Fall

    Apr 26, 2016: German companies are less confident in export growth. Export expectations fell to 4.0 balance points in March from 6.3 points in April. The flagging dynamic in the world economy is continuing to curb growth in German exports. Details

  6. Results of the April 2016 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator Rises

    Apr 25, 2016: Sentiment firmed in the services sector this month. After three consecutive decreases, the indicator rose to 27.8 balance points from 24.1 balance points last month. Service providers’ assessments of the current business situation improved significantly. Their business expectations improved compared to March. Service providers are planning to recruit a slightly higher number of staff than in recent months. Details

  7. Results of the April 2016 Ifo Business Survey

    Ifo Business Climate Edges Downwards

    Apr 25, 2016: The mood in the German economy remains positive. The Ifo Business Climate Index for German industry and trade dropped to 106.6 points in April from 106.7 points in March. Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues. Details

  8. Ifo Export Climate for March 2016

    Export Climate Improves Significantly

    Apr 25, 2016: The Ifo Export Climate rose from -0.06 points in February to 0.25 index points in March, more than compensating for February’s decline. The increase was due to a surge in confidence on the part of foreign companies, as well as an improvement in price competitiveness. Details

  9. Regional evaluation for Saxony of the Ifo Business Survey in March 2016

    Ifo Business Climate Index for Saxony Falls

    Apr 10, 2016: After three successive declines, the Ifo Business Climate Index for German trade and industry rose to 106.7 points in March from 105.7 points in February. The business climate in eastern Germany and the Free State of Saxony, by contrast, clouded over. Saxon survey participants were slightly less satisfied with their current business situation than last month. They also scaled back their business outlook considerably. Details

  10. Credit Constraint Indicator - From the Ifo Business Survey for March 2016

    Marked Increase in Credit Constraints

    Mar 29, 2016: The credit constraints for industry and trade rose to 15.2 percent in March from 14.5 percent last month – the largest increase since June 2014. This was a result of responses on the credit climate in trade, whereas manufacturers again reported an easier access to credit. For the German economy, bank financing continues to be not a problem. The recent rate cut by the European Central Bank has had no visible impact on the German market for business loans. Details

15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

This year’s Summit will deal with the ramifications of the largest migration wave in the post-war period, which is putting a serious strain on the European community. It threatens to create a new fault line splitting the EU, in addition to the one that yawned during the euro crisis. The Summit will not only discuss the causes of the current refugee crisis, but most crucially how the currently challenging state of affairs can be turned into a win-win situation for both the newcomers and Europe’s ageing societies. How can a comprehensive integration of refugees and migrants be best accomplished? How can Europe contribute to solving the causes of the refugee crisis? How are the source countries being affected by the massive exodus, and how can such countries be effectively integrated into a dialogue? read on 15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

Next Events

  1. The Politics of Education Policy: An International Perspective

    • 05.05.2016, 09:00 AM - 06.05.2016, 05:00 PM
    • Ifo Workshop
    • Harvard University

    This workshop will be held at Harvard University and is a cooperation between the Program on Education Policy and Governance (PEPG) at Harvard University and the Ifo Institute for Economic Research at the University of Munich. The keynote lecture will be delivered by Robert Shapiro (Columbia University). Details

  2. Explaining heterogeneity in estimates of U.S. factor substitution: Concepts and methods

    • 09.05.2016, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • P. Zwerschke, M. Knoblach, M. Rößler
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH B 037

  3. International Spillovers and Local Credit Cycles: What do firm-bank-loan level data tell us?

    • 10.05.2016, 05:00 PM - 06:15 PM
    • Hans Möller Seminar
    • Julian di Giovanni, Universitat Pompeu Fabra
    • International Economics, Ludwigstr. 28/II, Library (room 221)

  4. From Strategic Policy Interaction to the Effectiveness of Carbon Taxation in the Energy Sector

    • 11.05.2016, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Suphi Sen
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

  5. Labor Market Consequences of Increased Broadband Availability - Evidence from German Micro Data

    • 12.05.2016, 12:00 PM - 01:00 PM
    • Public Economics Seminar
    • Andreas Bastgen
    • CES, Schackstr. 4/II, seminar room (207)

Just released

  1. Cover Image Felbermayr, Gabriel, Meinhard Knoche and Ludger Wößmann (Hrsg.), Hans-Werner Sinn und 25 Jahre deutsche Wirtschaftspolitik, Hanser, München, 2016, 281 , Information | Details

  2. Cover Image Sinn, Hans-Werner, Der Euro: Von der Friedensidee zum Zankapfel, Hanser Verlag, 2015, 480 , Information | Details

Journals

  1. Cover Image "ifo Konjunkturperspektiven 04/2016", ifo Institut, München, 2016 | Details | PDF Download

  2. Cover Image "CESifo Forum 1/2016 (Spring): An Economic Agenda for Croatia", Ifo Institute, Munich, 2016, 03-97 | Details | PDF Download

  3. Cover Image "ifo Schnelldienst 08/2016", ifo Institut, München, 2016, 03-59 | Details | PDF Download | EPUB Download

  4. Cover Image "ifo Dresden berichtet 2/2016", ifo Institut, Dresden, 2016 | Details | PDF Download

  5. Cover Image "ifo Schnelldienst 07/2016", ifo Institut, München, 2016, 03-76 | Details

  6. Cover Image "ifo-GfK-Konsumreport 03/2016", ifo Institut; Gfk Marktforschung, München; Nürnberg, 2016 | Details | PDF Download

Books

  1. Cover Image Felbermayr, Gabriel, Jasmin Gröschl and Thomas Steinwachs, Handelseffekte von Grenzkontrollen, ifo Forschungsberichte 73, ifo Institut, 2016 | Details | PDF Download

Working Paper

  1. Cover Image Gouda, Moamen and Niklas Potrafke, "Gender Equality in Muslim-Majority Countries", CESifo Working Paper No. 5883, May 2016 | Details | PDF Download

  2. Cover Image Felbermayr, Gabriel, "Economic Analysis of TTIP", Ifo Working Paper No. 215, 2016 | Details | PDF Download

  3. Cover Image Potrafke, Niklas and Markus Reischmann, "How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts", CESifo Working Paper No. 5860, April 2016 | Details | PDF Download

  4. Cover Image Apps, Patricia and Ray Rees, "Optimal Taxation, Income Inequality and the Household", CESifo Working Paper No. 5845, April 2016 | Details | PDF Download

  5. Cover Image Karmann, Alexander, Felix Rösel and Markus Schneider, " Produktivitätsmotor Gesundheitswirtschaft: Finanziert sich der medizinisch-technische Fortschritt selbst?", Ifo Working Paper No. 214, 2016 | Details | PDF Download

  6. Cover Image Felbermayr, Gabriel, Jasmin Gröschl and Thomas Steinwachs, "The Trade Effects of Border Controls: Evidence from the European Schengen Agreement", Ifo Working Paper No. 213, 2016 | Details | PDF Download

  7. Cover Image Sen, Suphi, Bertrand Melenberg and Herman R. J. Vollebergh, "Identification and Estimation of the Environmental Kuznets Curve: Pairwise Differencing to Deal with Nonlinearity and Nonstationarity", CESifo Working Paper No. 5837, March 2016 | Details | PDF Download

  8. Cover Image Butz, Alexander and Klaus Wohlrabe, "Die Ökonomen-Rankings 2015 von Handelsblatt, FAZ und RePEc: Methodik, Ergebnisse, Kritik und Vergleich", Ifo Working Paper No. 212, 2016 | Details | PDF Download

  9. Cover Image Qian, Xingwang and Andreas Steiner, "International Reserves, External Debt Maturity, and the Reinforcement Effect for Financial Stability", Ifo Working Paper No. 211, 2016 | Details | PDF Download

  10. Cover Image Ochsner, Christian and Felix Roesel, "Migrating Extremists", CESifo Working Paper No. 5799, March 2016 | Details | PDF Download