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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. Brexit – Information on the Current Debate

    teaserImage In a referendum held on 23 June 2016 the citizens of Britain voted in favour of leaving the European Union. The Ifo Institute examined the implications of a Brexit back in 2015 in a study conducted on behalf of the Bertelsmann Foundation. The various scenarios and current assessments by Ifo staff are now bundled in our Brexit topic. Details

  1. The Effectiveness of Climate Policies

    teaserImage In his thesis Julian Dieler analyses climate policy measures and their effectiveness. In addition to monitoring gasoline and diesel taxes in Europe, he provides a methodological extension of existing literature on estimating fuel demand and introduces a new climate policy indicator that makes it possible to compare the stringency of climate policies in the OECD countries. His research results were published as ifo Beiträge zur Wirtschaftsforschung 68. Details

  2. Ifo President: 8% Inheritance Tax Flat Rate

    teaserImage Ifo President Clemens Fuest favours an inheritance tax flat rate of 8% in Germany: “That would be the simplest and fairest solution. Personal tax allowances can stay at their present levels. Fairness and economic viability can only be achieved if tax rates are cut dramatically and the exceptions made for company assets are abolished.” Details

  3. CESifo Venice Summer Institute 2016

    teaserImage CESifo's seventeenth Venice Summer Institute, organised in co-operation with the Venice International University, will take place from 18 to 23 July 2016. In five workshops entitled: The Economics of Philanthropy, Disrupted Economic Relationships: Disasters, Sanctions, and Dissolutions, Political Economy Aspects of Income (Re-)Distribution, The Economics of Peace and War, and Climate Change and Migration, researchers will discuss the latest findings in these fields. Details

  4. Causes and Consequences of Low Interest Rates: Are Savers Being Expropriated?

    teaserImage The European Central Bank has dropped its base rate to zero and is now demanding negative interest rates from banks who park funds with it. The financial world seems to be out of joint. Who is responsible for the low interest rates and what are the implications of the low-interest-rate policy for savers and insurance fund clients? This issue is discussed in the ifo Schnelldienst 13/2016 by Gunther Schnabl, University of Leipzig, Georg Fahrenschon, Deutscher Sparkassen- und Giroverband e.V., Markus Demary and Judith Niehues, Institut der deutschen Wirtschaft Köln, Olaf Stotz, Frankfurt School of Finance & Management, and Hans-Peter Burghof, University of Hohenheim. Details

  5. CESifo DICE Report 2/2016: Crowdfunding

    teaserImage Crowdfunding, a new way of financing made possible by the digital revolution, allows raising small amounts of money from a large number of investors. It has experienced rapid growth in recent years, developing into a multi-billion dollar industry worldwide. The growing pool of capital generated by crowdfunding has attracted lively political and regulatory interest. In the 2/2016 issue of the CESifo DICE Report, experts explain the nature of crowdfunding, the opportunities and risks that it offers and different approaches to its regulation. Details

  1. Regional evaluation for Saxony of the Ifo Business Survey in June 2016

    Ifo Business Climate Index for Saxony Falls

    Jul 10, 2016: Ahead of the Brexit Referendum the Ifo Business Climate in Saxony clouded over. The Ifo Business Climate Index for German and Eastern German trade and industry, by contrast, rose. In the Free State of Saxony survey participants downwardly corrected their assessments of their current business situation and their business expectations slightly after recent sharp increases. Details

  2. Results of the Ifo Business Survey for June 2016

    Ifo Business Climate Index for Eastern Germany Rises

    Jun 30, 2016: Ahead of the Brexit referendum, the Ifo Business Climate Index for trade and industry in the eastern German Länder rose marginally in June. Eastern German companies assessed their current business situation as somewhat better than last month and the six-month business outlook deteriorated only negligibly. Overall, sentiment remains positive. Details

  3. Credit Constraint Indicator - From the Ifo Business Survey for June 2016

    Credit Constraints Edge Upwards

    Jun 29, 2016: Credit constraints for German trade and industry crept up to 14.5 percent from 14.2 percent last month. This figure represents the share of companies reporting problems accessing bank credit. German firms still have no problems obtaining bank loans and this climate is not expected to change in the months ahead. Details

  4. Ifo Export Expectations - Ifo Business Survey for June 2016

    Export Expectations Rise

    Jun 28, 2016: German businesses surveyed prior to the Brexit referendum expressed greater confidence in their exports. Export expectations rose to 8.1 balance points in June from 6.2 balance points in May, reaching their highest level since December 2015. German exporters held their ground in a weak global economic climate. Details

  5. Ifo Employment Barometer - Results of the Ifo Business Survey for June 2016

    Hiring by German Companies Continues Unabated

    Jun 27, 2016: German companies still plan to recruit new staff. The Ifo Employment Barometer edged downwards marginally to 108.0 points in June, versus 108.3 points in May. The employment dynamic nevertheless remains expansively oriented. Details

  6. Ifo Export Climate for May 2016

    Ifo Export Climate Indicator Rises

    Jun 27, 2016: The Ifo Export Climate indicator rose from 0.07 index points in April to 0.19 points in May. The increase was due to an improvement in corporate and consumer confidence abroad. The deterioration in price competitiveness, by contrast, had a slightly negative impact. Details

  7. Results of the June 2016 Ifo Business Survey

    Ifo Business Climate Index Rises

    Jun 24, 2016: Sentiment in the German economy improved significantly ahead of the Brexit referendum. The Ifo Business Climate Index rose to 108.7 points in June from 107.8 points in May (seasonally adjusted). Satisfaction levels with the current business situation were only slightly higher, but the short-term business outlook improved significantly. The German economy remains buoyant. Details

  8. Results of the June 2016 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator Rises

    Jun 24, 2016: In the services sector sentiment improved. The business climate indicator rose to 27.2 balance points in June from 25.1 balance points in May. Assessments of the current business situation, already at a very good level last month, continued to improve. Service providers also expressed greater optimism about the months ahead. Expansive personnel plans, by contrast, were scaled back slightly. Details

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

    Ifo Business Climate Index for Saxony Rises

    Jun 10, 2016: The Ifo Business Climate for Saxon trade and industry brightened considerably in May; and the same can be said of the business climate indices for eastern Germany and Germany as a whole. Saxon survey participants assessed their current business situation as markedly more favourable than last month. They also expressed far greater confidence in their six-month business outlook. Details

  10. Results of the Ifo Architects Survey of 2nd quarter 2016

    Ifo Architects Survey: Current Business Situation Is Remarkably Favourable

    Jun 9, 2016: The business climate improved markedly at the beginning of the second quarter of 2016, according to the results of the Ifo Institute’s quarterly survey of freelance architects. The architects have not assessed their current business situation this favourably since the survey’s launch in 1981. Business expectations also continued to rise significantly. The share of fairly optimistic architects rose by 4 percentage points from 14% to 18%. Details

ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

The Ifo Industry Colloquium provides a platform for competent and controversial discussions of economic and structural trends. It also critically discusses the economic analysis provided by the joint forecast of the German research institutes and applies this analysis at an industry level.

9th November 2016, IHK Akademie München, Orleansstrasse 10–12. read on ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

  1. CESifo Venice Summer Institute 2016

    teaserImage CESifo's seventeenth Venice Summer Institute, organised in co-operation with the Venice International University, will take place from 18 to 23 July 2016. In five workshops entitled: The Economics of Philanthropy, Disrupted Economic Relationships: Disasters, Sanctions, and Dissolutions, Political Economy Aspects of Income (Re-)Distribution, The Economics of Peace and War, and Climate Change and Migration, researchers will discuss the latest findings in these fields. Details

Next Events

  1. Venice Summer Institute 2016: Climate Change and Migration

    • 22.07.2016, 09:00 AM - 23.07.2016, 05:00 PM
    • Venice Summer Institute
    • San Servolo, Venice, Italy

    Keynote speakers: Michel Beine, University of Luxembourg and Ilan Noy, Victoria University Wellington Details

  2. Environmental pollution regulation and ecosystem services valuation, Part I

    • 26.07.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Cloé Garnache
    • CES, Schackstr. 4/II, seminar room (207)

    Part I: The economics of water pollution

  3. Environmental pollution regulation and ecosystem services valuation, Part II

    • 27.07.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Cloé Garnache
    • CES, Schackstr. 4/II, seminar room (207)

    Part II: Markets for greenhouse gas emissions

  4. Environmental pollution regulation and ecosystem services valuation, Part III

    • 28.07.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Cloé Garnache
    • CES, Schackstr. 4/II, seminar room (207)

    Part III: Institutions and value of ecosystem services

  5. CESifo Area Conference on Economics of Education

    • 02.09.2016, 09:00 AM - 03.09.2016, 05:00 PM
    • CESifo Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    The 2016 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 Joseph G. Altonji (Yale University). The deadline for submission of papers, or a 2-3 page abstract, is 15 May 2016. Notification of acceptance will be provided no later than 1 June 2016. Details

  6. The behavioral economics of resource conservation, Part I

    • 05.09.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Lorenz Goette, University of Bonn
    • CES, Schackstr. 4/II, seminar room (207)

    Introduction

  7. The behavioral economics of resource conservation, Part II

    • 06.09.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Lorenz Goette, University of Bonn
    • CES, Schackstr. 4/II, seminar room (207)

    Aggregate consumption feedback

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

Journals

  1. Cover Image "ifo Schnelldienst 13/2016", ifo Institut, München, 2016, 01-72 | Details

  2. Cover Image "CESifo DICE Report 2/2016 (Summer): Crowdfunding", Ifo Institute, Munich, 2016, 01-72, Section: Forum | Details | PDF Download

  3. Cover Image "ifo-GfK-Konsumreport 06/2016", ifo Institut; GfK Marktforschung, München; Nürnberg, 2016 | Details | PDF Download

  4. Cover Image "ifo Konjunkturperspektiven 06/2016", ifo Institut, München, 2016 | Details

  5. Cover Image "ifo Schnelldienst 12/2016", ifo Institut, München, 2016, 03-73 | Details

Books

  1. Cover Image Dieler, Julian, Effectiveness of Climate Policies: Empirical Methods and Evidence, ifo Beiträge zur Wirtschaftsforschung 68, ifo Institut, 2016 | Details | PDF Download

Working Paper

  1. Cover Image Anderberg, Dan, Helmut Rainer and Kerstin Roeder, "Family-Specific Investments and Divorce: A Theory of Dynamically Inconsistent Household Behavior", CESifo Working Paper No. 5996, July 2016 | Details | PDF Download

  2. Cover Image Sen, Suphi and Herman R. J. Vollebergh, "The Effectiveness of Taxing Carbon Content of Energy Consumption", CESifo Working Paper No. 6003, July 2016 | Details | PDF Download

  3. Cover Image Kauder, Björn, Niklas Potrafke and Heinrich Ursprung, "Behavioral Determinants of Proclaimed Support for Environment Protection Policies", CESifo Working Paper No. 5993, July 2016 | Details | PDF Download

  4. Cover Image Fischer, Mira, Björn Kauder, Niklas Potrafke and Heinrich W. Ursprung, "Support for free-market policies and reforms: Does the field of study influence students’ political attitudes?", Ifo Working Paper No. 218, 2016 | Details | PDF Download

  5. Cover Image Benz, Sebastian, Wilhelm Kohler and Erdal Yalcin, "Offshoring and Volatility of Demand", CESifo Working Paper No. 5970, June 2016 | Details | PDF Download

  6. Cover Image Woessmann, Ludger, "The Importance of School Systems: Evidence from International Differences in Student Achievement", CESifo Working Paper No. 5951, June 2016 | Details | PDF Download

  7. Cover Image Sinn, Hans-Werner, "Buffering Volatility: A Study on the Limits of Germany's Energy Revolution", CESifo Working Paper No. 5950, June 2016 | Details | PDF Download

  8. Cover Image Lergetporer, Philipp, Guido Schwerdt, Katharina Werner and Ludger Woessmann, "Information and Preferences for Public Spending: Evidence from Representative Survey Experiments ", CESifo Working Paper No. 5938, June 2016 | Details | PDF Download

  9. Cover Image Battisti, Michele, Gabriel Felbermayr and Sybille Lehwald, "Inequality in Germany: Myths, Facts, and Policy Implications", Ifo Working Paper No. 217, 2016 | Details | PDF Download

  10. Cover Image Hines Jr., James R., Niklas Potrafke, Marina Riem and Christoph Schinke, "Inter Vivos Transfers of Ownership in Family Firms", CESifo Working Paper No. 5923, May 2016 | Details | PDF Download