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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. Further decline in the Credit Constraint Indicator

    teaserImage The credit hurdle for industry and trade in Germany fell to 15.7% in May, following a level of 16.0% in the previous month. This is again a historic low. The already extremely favourable financing environment for businesses has improved again. Details

  2. Expansive personnel policies continue

    teaserImage German businesses intend to hire additional new employees. The Ifo Employment Barometer rose slightly in May to 108.2 from 108.1. The greatest willingness to hire more staff is among companies in the service sector. Details

  3. Marked decline in the Ifo Business Climate Index for Eastern Germany

    teaserImage The Ifo Business Climate Index for industry and trade in eastern Germany fell from 109.2 index points last month to 107.3 in May. This is the strongest decline since the middle of 2013. The eastern German survey respondents no longer assessed their current business situation as favourably as a month ago. In addition, pessimism regarding the future course of business has increased noticeably. Uncertainty about the German domestic labour disputes and the crisis in Greece has put the eastern German economy strong under pressure. Details

  4. Ifo Business Climate Index Declines Marginally

    teaserImage The Ifo Business Climate Index for German trade and industry edged downwards to 108.5 points in May from 108.6 points last month. Companies were once again more satisfied with their current business situation, but expressed slightly less optimism about the months ahead. The German economy remains on track. Details

  5. German Service Sector: Ifo Business Climate Indicator for Services Rises Sharply

    teaserImage The Ifo Business Climate Indicator for the German service sector increased to 25.8 balance points in May from 22.9 points last month. Service providers’ assessments of their current business situation rose to their highest level since June 2014. Their business expectations were also more optimistic. Service providers still intend to recruit more employees. Details

  1. Credit Constraint Indicator - From the Ifo Business Survey for May 2015

    Further decline in the Credit Constraint Indicator

    May 27, 2015: The credit hurdle for industry and trade in Germany fell to 15.7% in May, following a level of 16.0% in the previous month. This is again a historic low. The already extremely favourable financing environment for businesses has improved again. Details

  2. Ifo Employment Barometer - Results of the Ifo Business Survey for May 2015

    Expansive personnel policies continue

    May 26, 2015: German businesses intend to hire additional new employees. The Ifo Employment Barometer rose slightly in May to 108.2 from 108.1. The greatest willingness to hire more staff is among companies in the service sector. Details

  3. Results of the Ifo Business Survey for May 2015

    Marked decline in the Ifo Business Climate Index for Eastern Germany

    May 26, 2015: The Ifo Business Climate Index for industry and trade in eastern Germany fell from 109.2 index points last month to 107.3 in May. This is the strongest decline since the middle of 2013. The eastern German survey respondents no longer assessed their current business situation as favourably as a month ago. In addition, pessimism regarding the future course of business has increased noticeably. Uncertainty about the German domestic labour disputes and the crisis in Greece has put the eastern German economy strong under pressure. Details

  4. Results of the May 2015 Ifo Business Survey

    Ifo Business Climate Index Declines Marginally

    May 22, 2015: The Ifo Business Climate Index for German trade and industry edged downwards to 108.5 points in May from 108.6 points last month. Companies were once again more satisfied with their current business situation, but expressed slightly less optimism about the months ahead. The German economy remains on track. Details

  5. Results of the May 2015 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator for Services Rises Sharply

    May 22, 2015: The Ifo Business Climate Indicator for the German service sector increased to 25.8 balance points in May from 22.9 points last month. Service providers’ assessments of their current business situation rose to their highest level since June 2014. Their business expectations were also more optimistic. Service providers still intend to recruit more employees. Details

  6. Results of the Ifo World Economic Survey (WES) of 2nd quarter 2015 (12 May 2015)

    Ifo World Economic Climate Continues to Brighten

    May 12, 2015: The Ifo Index for the world economy rose to 99.5 points from 95.9 points last quarter. Both assessments of the current economic situation and the economic outlook improved. WES experts forecast world economic growth of 2.3 percent this year. The world economy is slowly gaining impetus. Details

  7. Regional evaluation for Saxony of the Ifo Business Survey in April 2015

    Saxon Economy Makes a Dynamic Start to the Second Quarter of 2015

    May 10, 2015: The Ifo Business Climate Index for trade and industry rose to 108.6 points in April from 107.9 points last month. The climate indicators for Eastern Germany and Saxony rose on a similar scale in April. The improvement in the Saxon business climate is mainly due to a better six-month business outlook. Saxon survey participants are clearly more optimistic about their future business developments and assessed them as more favourable on the whole. In their assessment of their current business situation, survey participants, by contrast, were slightly more cautious. Overall, however, firms remain very satisfied with their current business situation. The Saxon economy is showing a strong spring upturn, which promises a robust first half of 2015. Details

  8. Advance results of the Ifo World Economic Survey (WES) of 2nd quarter 2015 (06 May 2015)

    Ifo Economic Climate in the Euro Area Improves Significantly

    May 6, 2015: The Ifo Index for the economic climate in the euro area rose sharply to 129.2 points in the second quarter of 2015 from 112.7 points last quarter. The index rose to a level last seen prior to the outbreak of the world financial crisis and significantly above its long-term average of 106.1 points. Both assessments of the current economic situation and the six-month economic outlook brightened considerably. According to the experts surveyed, economic growth will amount to 1.5 percent this year. The euro area’s economy is experiencing a clear upturn. Details

  9. Credit Constraint Indicator - From the Ifo Business Survey for April 2015

    Credit Constraints Edge Down to Historic Low

    Apr 29, 2015: Credit constraints for German companies fell to 16.0 percent in April from 16.1 percent last month, marking a fresh historic low. German companies continue to have no problem in accessing credit for investment purposes. Details

  10. Ifo Export Climate for March 2015

    Ifo Export Climate Benefits from Improvement in German Competitiveness

    Apr 29, 2015: The Ifo Export Climate rose from 0.32 index points in February to 0.40 points in March. This was due to a significant improvement in price competitiveness. Corporate and consumer confidence abroad, by contrast, had a slightly negative effect on the export climate. Details

  1. Development of Economic Policy in the Federal Republic of Germany

    teaserImage Prof. Hans Möller was one of Germany’s great economists, who devoted himself to the theory of economic policy and practical policy advisory work. This year he would have turned 100 years old. In his honour the Economics Faculty of the University of Munich and the Ifo Institute are jointly organizing a symposium to be held on 11 June 2015. Details

  2. 66th Ifo Institute Annual Meeting

    teaserImage The 66th Annual Meeting of the Ifo Institute will take place on Friday, 12 June 2015 at the University of Munich. The main theme of the event will be economic policy and policy advice since German reunification and the guest speaker will be German Federal Minister for Economic Affairs and Energy Sigmar Gabriel. Hans-Werner Sinn, Harold James, Princeton University, Georg Milbradt, former Minister President, and Wolfgang Wiegard, former Chairman of the German Economic Council of Experts on Economic Developments, will exchange their views on “Basic questions of economic policy and policy advice in Germany” in an expert panel discussion. Details

Next Events

  1. Credit Ratings

    • 28.05.2015, 10:15 AM - 11:45 AM
    • CES Lecture
    • Thorsten Koeppl, Queen's University
    • Schackstr. 4/II, seminar room (207)

    Policy – How should regulation look like?

  2. CEMIR Junior Economist Workshop on Migration Research

    • 29.05.2015, 09:00 AM - 30.05.2015, 05:00 PM
    • Ifo Workshop
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    The Ifo Center of Excellence for Migration and Integration Research (CEMIR) is organising a junior economist workshop on migration research to be held on 29 & 30 May 2015 at the Ifo Institute in Munich, Germany. The keynote lecture will be given by Matz Dahlberg, Uppsala University. Interested Ph.D. students, post docs and assistant professors in economics with a firm interest in the field of migration are invited to submit a research paper they would like to present (plus a CV) to nikolka@ifo.de by 31 March 2015. Decisions on acceptance are made by 15 April. The chair of the programme committee is Panu Poutvaara. There are no participation fees and travel expenses (economy) are covered. For further information on this workshop, please contact Till Nikolka (nikolka@ifo.de). Details

  3. Internal Seminar of the CESifo Group

    • 01.06.2015, 12:00 PM - 01:00 PM
    • Internal Seminar of the CESifo Group
    • Davide Tomio, Copenhagen Business School
    • CES, Schackstr. 4/II, seminar room (207)

  4. Does Female Empowerment Promote Economic Development?

    • 02.06.2015, 05:00 PM - 06:15 PM
    • Hans Möller Seminar
    • Michele Tertilt, University of Mannheim
    • International Economics, Ludwigstr. 28/II, Library (room 221)

  5. tba

    • 03.06.2015, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Thomas Triebs
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

Just released

  1. Sinn, Hans-Werner, The Euro Trap (Korean version), Hantee Media Publishing, Seoul, Korea, 2015, Information | Details

  2. Cover Image Sinn, Hans-Werner, The Euro Trap. On Bursting Bubbles, Budgets, and Beliefs, Oxford University Press, Oxford, 2014, 416 , Information | Details

  3. Cover Image Sinn, Hans-Werner, Gefangen im Euro, Redline Verlag, München, 2014, 224 , Information | Details

Journals

  1. Cover Image "CESifo World Economic Survey May 2015", Ifo Institute, Munich, 2015 | Details | PDF Download

  2. Cover Image "ifo Schnelldienst 09/2015", ifo Institut, München, 2015, 03-32 | Details

  3. Cover Image "CESifo Forum 1/2015 (Spring): Disputes about the Piketty’s r>g Hypothesis on Wealth Inequality", Ifo Institute, Munich, 2015, 03-69 | Details | PDF Download | EPUB Download

  4. Cover Image "ifo Konjunkturperspektiven 04/2015", ifo Institut, München, 2015 | Details

  5. Cover Image "ifo-GfK-Konsumreport 04/2015", ifo Institut; GfK Marktforschung, München; Nürnberg, 2015 | Details | PDF Download

Books

  1. Cover Image Hanushek, Eric A. and Ludger Woessmann, The Knowledge Capital of Nations, CESifo Book Series, MIT Press, 2015, Information | Details

Working Paper

  1. Cover Image Angerer, Silvia, Daniela Glätzle-Rützler, Philipp Lergetporer and Matthias Sutter, "Cooperation and discrimination within and across language borders: Evidence from children in a bilingual city", Ifo Working Paper No. 200, 2015 | Details | PDF Download

  2. Cover Image Schulz, Bastian, "Wage Rigidity and Labor Market Dynamics with Sorting", Ifo Working Paper No. 199, 2015 | Details | PDF Download

  3. Cover Image Henzel, Steffen, Robert Lehmann and Klaus Wohlrabe, "Nowcasting Regional GDP: The Case of the Free State of Saxony", CESifo Working Paper No. 5336, April 2015 | Details | PDF Download

  4. Cover Image Kauder, Björn and Niklas Potrafke, "The Growth in Military Expenditure in Germany 1951-2011: Did Parties Matter?", CESifo Working Paper No. 5337, April 2015 | Details | PDF Download

  5. Cover Image Schumacher, Julian, Christoph Trebesch and Henrik Enderlein, "What Explains Sovereign Debt Litigation?", CESifo Working Paper No. 5319, April 2015 | Details | PDF Download

  6. Cover Image Bauernschuster, Stefan, Timo Hener and Helmut Rainer, "When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health", CESifo Working Paper No. 5313, April 2015 | Details | PDF Download

  7. Cover Image Piopiunik, Mark and Jens Ruhose, "Immigration, Regional Conditions, and Crime: Evidence from an Allocation Policy in Germany", CESifo Working Paper No. 5303, April 2015, Also published as: IZA Discussion Paper No. 8962 (PDF) | Details | PDF Download

  8. Cover Image Jochimsen, Beate and Robert Lehmann, "On the political economy of national taxrevenue forecasts – Evidence from OECD countries", Ifo Working Paper No. 198, 2015 | Details | PDF Download

  9. Cover Image Marz, Waldemar and Johannes Pfeiffer, "Resource Market Power and Levels of Knowledge in General Equilibrium", Ifo Working Paper No. 197, 2015 | Details | PDF Download

  10. Cover Image Hillman, Arye L., Kfir Metsuyanim and Niklas Potrafke, "Democracy with Group Identity", CESifo Working Paper No. 5281, March 2015 | Details | PDF Download