Main Content

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. Euro Crisis: Topical Comments of Ifo President Hans-Werner Sinn

    teaserImage In Sinn’s Corner, the Ifo President’s articles and comments on current political topics are grouped together under various topics. Read more on the euro crisis. Details

  1. Credit Constraint Indicator Falls to New Historic Low

    teaserImage German companies have fewer problems financing themselves with money from the banks. The credit constraint indicator for industry and trade in Germany fell to 15.0 percent in August, after 15.4 percent in the previous month. This is a new historic low. With the huge amounts of money pumped into the banks, the ECB is enticing them to an unprecedented nonchalance in lending. Details

  2. Globalisation and Regional Integration: Economic Developments, Prospects and Limitations

    teaserImage A central thesis of economics is that a lifting of restrictions on trade and capital flows increases welfare worldwide. International agreements and customs unions pursue the goal of free trade. Within the EU, this is supplemented by the European Monetary Union. The financial and euro crises have led to additional debate over the enlargement and deepening of the EU, including the EMU. The planned transatlantic free trade agreements also raise fundamental questions on the limits of economic integration. From 10 to 12 July 2015, a conference took place at the Academy for Political Education in Tutzing that looked more closely at these issues. Some of the conference lectures are published in ifo Schnelldienst 16/2015. Details

  3. German Manufacturing: Clear Increase in Investments in 2015

    teaserImage According to the results of the latest Ifo Investment Survey, in 2014 the German manufacturing sector increased its investment in nominal terms by 55 billion euros, or just over 3%. The real rate of change was slightly lower than the nominal, since the prices of capital goods stagnated in 2014. Most of the investments in the manufacturing sector were for the purchase of new capital goods (86%). The share of construction investments, whose prices increased slightly in the past year, amounted to 14%. Smaller companies tended to reduce their investments in the past year; larger companies, on balance, invested somewhat more than in the previous year. Details

  4. Renewed Increase in the Ifo Business Climate for Eastern Germany

    teaserImage The Ifo Business Climate for eastern German industry and trade improved in August. The surveyed eastern German firms are again more satisfied with their current business than last month. In the business expectations for the coming six months, there was no change over July. The eastern German economy is moving along a solid growth path. Details

  5. German Firms Plan to Hire Additional Staff

    teaserImage German companies intend to hire more people. In August, the Ifo Employment Barometer rose to 108.3 points from 107.2 in the previous month. In all sectors except manufacturing, more companies plan to hire additional employees. The robust economy in Germany is having a positive effect on the labour market. Details

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

    Credit Constraint Indicator Falls to New Historic Low

    Aug 28, 2015: German companies have fewer problems financing themselves with money from the banks. The credit constraint indicator for industry and trade in Germany fell to 15.0 percent in August, after 15.4 percent in the previous month. This is a new historic low. With the huge amounts of money pumped into the banks, the ECB is enticing them to an unprecedented nonchalance in lending. Details

  2. Results of the Ifo Business Survey for August 2015

    Renewed Increase in the Ifo Business Climate for Eastern Germany

    Aug 27, 2015: The Ifo Business Climate for eastern German industry and trade improved in August. The surveyed eastern German firms are again more satisfied with their current business than last month. In the business expectations for the coming six months, there was no change over July. The eastern German economy is moving along a solid growth path. Details

  3. Ifo Employment Barometer - Results of the Ifo Business Survey for August 2015

    German Firms Plan to Hire Additional Staff

    Aug 27, 2015: German companies intend to hire more people. In August, the Ifo Employment Barometer rose to 108.3 points from 107.2 in the previous month. In all sectors except manufacturing, more companies plan to hire additional employees. The robust economy in Germany is having a positive effect on the labour market. Details

  4. Ifo Export Expectations - Ifo Business Survey for August 2015

    German Industry Expects Slower Export Growth

    Aug 26, 2015: In terms of exports, German industry has become more pessimistic, export expectations having clouded over in August. In an Ifo survey, they fell to 7.4 balance points compared to 7.7 in July. The companies still expect growth in exports, however, but to a lesser extent. The difficult economic situation in emerging markets and China continues to have a dampening effect on exporters. Details

  5. Results of the August 2015 Ifo Business Survey

    Renewed Increase in the Ifo Business Climate Index

    Aug 25, 2015: The Ifo Business Climate Index for German industry and trade rose in August to 108.3 points from 108.0 in the previous month. Satisfaction with the current situation has again increased significantly. However, the companies were somewhat less optimistic regarding future business. The German economy continues to be a rock in turbulent waters. Details

  6. Results of the August 2015 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator for the Service Sector Rises to New Record Level

    Aug 25, 2015: The Ifo Business Climate indicator for the German service sector has risen from 26.0 to 30.6 balance points in August. This is a new historic peak. The assessments of the current situation given by the service providers have never been so good. In addition, they expect business to improve further. Correspondingly, they plan to hire additional staff. Details

  7. Results of the Ifo World Economic Survey (WES) of 3rd quarter 2015 (13 August 2015)

    Ifo World Economic Climate Cools Down

    Aug 13, 2015: After recovering somewhat in the first half of the year, the Ifo Index for the world economy fell. The indicator’s present level of 95.9 points is now slightly below its long-term average of 96.1 points. While assessments of the current economic situation deteriorated compared to last quarter, expectations emained positive. There was still no major upswing in the world economy in the third quarter. Details

  8. Advance results of the Ifo World Economic Survey (WES) of 3rd quarter 2015 (06 August 2015)

    Ifo Economic Climate in the Euro Area Clouds Over Slightly

    Aug 6, 2015: The Ifo Index for the economic climate in the euro area edged downwards in the third quarter of 2015 and dropped to 124.0 points from 129.2 points last quarter. While assessments of the current economic situation brightened slightly, the six-month economic outlook clouded over markedly. The economic recovery in the euro area economy will lose momentum. Details

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

    Credit Constraints Edge Upwards

    Jul 30, 2015: Credit constraints for German companies rose to 15.4 percent in July from 15.1 percent last month. This put a stop to the trend towards undercutting seen in recent months. Companies, however, still have virtually no problems accessing bank credit. Details

  10. Results of the Ifo Business Survey for July 2015

    Ifo Business Climate for Eastern German Companies Brightens Considerably

    Jul 29, 2015: The Ifo Business Climate Index for Eastern German trade and industry rose sharply in July to 107.4 points from 105.8 index points in June, almost compensating for the declines of the past two months. The marked increase in the eastern German climate indicator was due to better assessments of the current business situation. At the same time, assessments of the six-month business outlook were less pessimistic. The agreement reached in principle on Greece is expected to boost the Eastern German economy. Details

ifo Branchen-Dialog (Ifo Industry Colloquium) 2015

ifo Branchen-Dialog (Ifo Industry Colloquium) 2015

28th October 2015, IHK Akademie München, Orleansstrasse 10–12.

The Ifo Industry Colloquium is conducted by the Ifo Institute in cooperation with the Chamber of Commerce and Industry for Munich and Upper Bavaria, and with the support of the Bavarian Ministry of Economic Affairs and Media, Energy and Technology. It is held in German.
read on ifo Branchen-Dialog (Ifo Industry Colloquium) 2015

Next Events

  1. Tutzinger Sommerakademie: „25 Jahre Deutsche Einheit: Eine wirtschaftliche und soziale Bilanz“

    • 01.09.2015, 02:00 PM - 04.09.2015, 12:00 PM
    • Conference
    • Akademie für politische Bildung, Tutzing

    Demokratie und Freiheit, aber auch materieller Wohlstand, waren die zentralen Hoffnungen der ostdeutschen Bevölkerung, als es darum ging, die Wende zu erkämpfen und die Mauer niederzureißen. Der Traum von blühenden Landschaften blieb aber zunächst unerfüllt. Vor allem die hohe Arbeitslosigkeit führte zu Frustrationen und Ernüchterung. Erhebliche Transferleistungen aus dem Westen konnten jedoch die sozialen Härten abfedern. Zudem ermöglichten gewaltige Investitionen eine bemerkenswerte Runderneuerung der Infrastruktur, Industrie und Bausubstanz. 25 Jahre deutsche Wiedervereinigung bieten Anlass, Bilanz zu ziehen und die Frage zu stellen, ob die Hoffnung auf „Wohlstand für alle“ in Ostdeutschland sich erfüllt hat.

  2. East Side Story: Historic Pollution and Neighborhood Segregation

    • 02.09.2015, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Stephan Heblich
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

  3. CEPAR & CESifo Workshops: Pension Taxation, Population Ageing, and Globalisation (Part 2, Munich)

    • 03.09.2015, 09:00 AM - 04.09.2015, 05:00 PM
    • CESifo Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    This conference will take the form of two inter-related and sequential workshops on Pension Taxation, Population Ageing, and Globalisation, organised jointly by CEPAR and CESifo. The first workshop will be a 2-day event in Sydney on November 17-18 2014, at which first drafts of selected papers will be presented and the Australian perspective will get more attention. A second 2-day workshop will take place in Munich on September 3-4, 2015, where revised and further papers with a European/international perspective will be presented. Please refer to the call for papers for further details. Details

  4. 5th "Regional Economics" Workshop

    • 10.09.2015, 11:00 AM - 11.09.2015, 02:00 PM
    • Ifo Workshop
    • Ifo Institute, Dresden Branch

    This year’s workshop on „Regional Economics“ is hosted by the Dresden branch of the ifo Institute and jointly organized with the Technische Universität Braunschweig. The two-day workshop is supposed to provide a forum for the discussion of current research findings. Especially, it addresses itself to young scientists that are working in the field of regional economics. Details

  5. 2015 CESifo Area Conference on Economics of Education

    • 11.09.2015, 09:00 AM - 12.09.2015, 05:00 PM
    • CESifo Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    The 2015 CESifo Area Conference on the Economics of Education, organised by Eric A. Hanushek (Stanford University, Area Director) and Ludger Woessmann (Ifo Institute), aims to bring together Network members to discuss their recent research and to encourage broader interactions, particularly on both sides of the Atlantic. All CESifo research network members are invited to submit their papers, which may deal with any topic within the broad domain of the Economics of Education. The Jacobs Foundation Lecture will be delivered by Richard Freeman (Harvard University & NBER). The deadline for submission of papers, or a 2-3 page abstract, is 17 May 2015. Notification of acceptance will be provided no later than 1 June 2015. Details

Just released

  1. Cover Image Sinn, Hans-Werner, "The Greek Tragedy", CESifo Forum 16 Special Issue 2015 (June), 2015, 5-35, Updated graphs and figures | Deutsche Version | Details | PDF Download | EPUB Download

  2. Cover Image Sinn, Hans-Werner, "Die griechische Tragödie ", ifo Schnelldienst 68 (Sonderausgabe Mai), 2015, 03-33, (Update) | Aktualisierte Grafiken und Tabellen | English version | Details | PDF Download | EPUB Download

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

Journals

  1. Cover Image "ifo Schnelldienst 16/2015", ifo Institut, München, 2015, 03-73 | Details

  2. Cover Image "ifo Dresden berichtet 4/2015", ifo Institut, Dresden, 2015 | Details | PDF Download

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

  4. Cover Image "ifo Schnelldienst 15/2015", ifo Institut, München, 2015, 03-51 | Details

  5. Cover Image "CESifo Forum 2/2015 (Summer): Foreign Direct Investments: Current Challenges", Ifo Institute, Munich, 2015, 03-56 | Details | PDF Download | EPUB Download

  6. Cover Image "ifo-GfK-Konsumreport 07/2015", ifo Institut; GfK Marktforschung, München; Nürnberg, 2015 | Details | PDF Download

  7. Cover Image "CESifo DICE Report 2/2015 (Summer): Pensions and the Financial Crisis", Ifo Institute, Munich, 2015, 01-76, Section: Forum | Details | PDF Download | EPUB Download

  8. Cover Image "ifo Konjunkturperspektiven 07/2015", ifo Institut, München, 2015 | Details

  9. Cover Image "ifo Schnelldienst 14/2015", ifo Institut, München, 2015 | Details

Books

  1. Cover Image Beermann, Christian, Climate Policy and the Intertemporal Supply of Fossil Resources, ifo Beiträge zur Wirtschaftsforschung 62, ifo Institut, 2015 | Details | PDF Download

Working Paper

  1. Cover Image Rath, Katharina and Klaus Wohlrabe, "Recent Trends in Co-Authorship in Economics: Evidence from RePEc", CESifo Working Paper No. 5492, August 2015 | Details | PDF Download

  2. Cover Image Gartner, Hermann and Christian Holzner, "Wage Posting as a Positive Selection Device: Theory and Empirical Evidence", CESifo Working Paper No. 5494, August 2015 | Details | PDF Download

  3. Cover Image Meier, Volker and Ioana Cosmina Schiopu, "Why Academic Quality in Higher Education Declines", CESifo Working Paper No. 5480, August 2015 | Details | PDF Download

  4. Cover Image Berg, Tim Oliver, "Forecast Accuracy of a BVAR under Alternative Specifications of the Zero Lower Bound", Ifo Working Paper No. 203, 2015 | Details | PDF Download

  5. Cover Image Henderson, Michael B., Philipp Lergetporer, Paul E. Peterson, Katharina Werner, Martin R. West and Ludger Woessmann, "Is Seeing Believing? How Americans and Germans Think about their Schools", Ifo Working Paper No. 202, 2015 | Details | PDF Download

  6. Cover Image Bietenbeck, Jan, Marc Piopiunik and Simon Wiederhold, "Africa's Skill Tragedy: Does Teachers' Lack of Knowledge Lead to Low Student Performance?", CESifo Working Paper No. 5470, August 2015 | Details | PDF Download

  7. Cover Image Nagler, Markus, Marc Piopiunik and Martin R. West, "Weak Markets, Strong Teachers: Recession at Career Start and Teacher Effectiveness", CESifo Working Paper No. 5454, July 2015 | Details | PDF Download

  8. Cover Image Krieger, Tim, Laura Renner and Jens Ruhose, "Genetic Distance and International Migrant Selection", CESifo Working Paper No. 5453, July 2015 | Details | PDF Download

  9. Cover Image Reischmann, Markus, "Creative Accounting and Electoral Motives: Evidence from OECD Countries", Ifo Working Paper No. 201, 2015 | Details | PDF Download

  10. Cover Image Reinhart, Carmen M. and Christoph Trebesch, "Sovereign Debt Relief and its Aftermath", CESifo Working Paper No. 5422, June 2015 | Details | PDF Download