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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 Business Climate Index for Eastern German Länder Rises Sharply

    teaserImage The Ifo Business Climate for trade and industry in eastern Germany improved clearly in March. Eastern German survey participants remain very satisfied with their current business situation, although no longer to the same extent as last month. In addition, they were far more optimistic about future business developments in March. The eastern German economy continues to expand rapidly. Details

  2. German Firms Plan to Recruit More Staff

    teaserImage German firms proved more willing to recruit additional staff in March. The Ifo Employment Barometer rose to 108.1 index points, up from 106.8 in February. Service providers and manufacturers in particular reported plans to expand their staff bases. Details

  3. Euro Crisis: Should Flexible Exchange Rates between the Euro Countries Be Possible Within Clearly Defined Ranges?

    teaserImage Can the euro only survive in the long run if flexible exchange rates are introduced between the euro countries in a transitional phase? This issue is discussed in the ifo Schnelldienst 6/2015 by Helmuth Jordan, Jordan & Wagner Rechtsanwaltsgesellschaft mbH, and Thomas Mayer, Flossbach von Storch Research Institute, Cologne. Details

  4. Export Outlook Continues to Improve for Manufacturing

    teaserImage German manufacturing can look forward to a continued rise in exports. The Ifo Export Expectations rose to 12.2 balance points in March from 11.8 points in February. The robust U.S. economy and the low euro exchange rate are benefiting German exporters. Details

  5. Ifo Business Climate Index Rises

    teaserImage The Ifo Business Climate Index for German trade and industry rose to 107.9 points in March from 106.8 points last month. The index reached its highest level since July 2014. Companies were more satisfied with their current business situation. They also expressed far greater optimism about future business developments. The German economy continues to expand. Details

  1. Results of the Ifo Business Survey for March 2015

    Ifo Business Climate Index for Eastern German Länder Rises Sharply

    Mar 27, 2015: The Ifo Business Climate for trade and industry in eastern Germany improved clearly in March. Eastern German survey participants remain very satisfied with their current business situation, although no longer to the same extent as last month. In addition, they were far more optimistic about future business developments in March. The eastern German economy continues to expand rapidly. Details

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

    German Firms Plan to Recruit More Staff

    Mar 27, 2015: German firms proved more willing to recruit additional staff in March. The Ifo Employment Barometer rose to 108.1 index points, up from 106.8 in February. Service providers and manufacturers in particular reported plans to expand their staff bases. Details

  3. Results of the March 2015 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator Rises Slightly

    Mar 25, 2015: The Ifo Business Climate Indicator for the German service sector rose to 23.1 balance points in March from 22.8 points last month. Service providers were markedly more satisfied with their current business situation. They were somewhat less optimistic, however, about future business developments. Service providers intend to recruit more employees. Details

  4. Results of the March 2015 Ifo Business Survey

    Ifo Business Climate Index Rises

    Mar 25, 2015: The Ifo Business Climate Index for German trade and industry rose to 107.9 points in March from 106.8 points last month. The index reached its highest level since July 2014. Companies were more satisfied with their current business situation. They also expressed far greater optimism about future business developments. The German economy continues to expand. Details

  5. Results of the Ifo Architects Survey of 1st quarter 2015

    Ifo Architects Survey: Order Backlogs for Six Months

    Mar 12, 2015: The business climate improved at the beginning of the first quarter of 2015, according to the results of the Ifo Institute’s survey of freelance architects. This was entirely due to a more optimistic assessment of developments over the next six months. Assessments of the current business situation clouded over significantly. Details

  6. Regional evaluation for Saxony of the Ifo Business Survey in February 2015

    Upswing in Saxon Economy Continues, but Uncertainty Grows

    Mar 10, 2015: The Ifo Business Climate Index for German trade and industry rose to 106.8 points in February from 106.7 points in January. The rise in both the Eastern German and Saxon climate indicators, by contrast, was far greater. Saxon survey participants once again assessed their current business situation as better than last month. They were, however, slightly more pessimistic about future business developments. Although the Saxon economy continued its strong start to the year in February, uncertainty remains high due to geopolitical tensions. Details

  7. Ifo Export Climate for January 2015

    Ifo Export Climate Rises Considerably

    Mar 4, 2015: The Ifo Export Climate rose significantly to 0.51 index points in January from 0.27 points last month. This was due to the sharp improvement in Germany’s price competitiveness. Corporate and consumer confidence abroad, by contrast, fell slightly versus last month. Details

  8. Credit Constraint Indicator - From the Ifo Business Survey for February 2015

    Credit Constraints Hit Historic Low Once Again

    Feb 27, 2015: Credit constraints for German companies fell to 16.2 percent in February from 17.1 percent last month, taking them 0.9 percentage points below the historic low reached in January. The flood of money expected from the European Central Bank seems to be encouraging banks to further ease their already loose credit constraints. Details

  9. Results of the Ifo Investment Survey for German manufacturing in Fall 2014

    German Manufacturing: Willingness to Invest Rises

    Feb 26, 2015: German manufacturers invested around 55 billion euros in new fixed assets, according to the results of the latest Ifo Investment Survey. This figure was only 3% higher than the previous year’s level. The real increase was of around the same magnitude due to the relatively stable price of capital goods in 2014. Original investment plans featured a 9% increase. Details

  10. Results of the Ifo Business Survey for February 2015

    Ifo Business Climate Index for Eastern German Länder Remains on the Rise

    Feb 26, 2015: The Ifo Business Climate for the Eastern German Länder improved for the third month in succession. The satisfaction of Eastern German companies with their current business situation rose markedly this month. Survey participants in Eastern Germany are also no longer as pessimistic about future business developments as previously. The pace of positive developments in the Eastern German economy picked up. Details

Seminar series

Wirtschaftspolitik aus dem Labor

Wirtschaftspolitik aus dem Labor

Dresdner Vortrag zur Wirtschaftspolitik am 15.04.2015 mit Prof. Dr. Joachim Weimann, Professor für Volkswirtschaftslehre an der Otto-von-Guericke-Universität Magdeburg, mit dem Titel "Wirtschaftspolitik aus dem Labor: Warum wir Staatsverschuldung zustimmen, Steuern nicht richtig wahrnehmen und falsche Klimaverhandlungen führen". read on Wirtschaftspolitik aus dem Labor

The Role of Financial Stability in Monetary Policy

The Role of Financial Stability in Monetary Policy

Munich Seminar on Wednesday, 25 March 2015, with Dr. Jens Weidmann, President of the Deutsche Bundesbank
Location: Ludwig Maximilians University Munich
Room: B101 (1st floor) read on The Role of Financial Stability in Monetary Policy

Next Events

  1. Regional Income Inequality Reduces Life Satisfaction: A Macroeconomic Empirical Analysis

    • 13.04.2015, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • Christine Kalenborn
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH B 037

  2. Internal Seminar of the CESifo Group

    • 13.04.2015, 12:00 PM - 01:00 PM
    • Internal Seminar of the CESifo Group
    • Isabel Schnabel, University of Mainz
    • CES, Schackstr. 4/II, seminar room (207)

  3. Supply Security and System Stability in the Transition to a Renewable Electrical Energy Supply

    • 13.04.2015, 06:00 PM - 07:30 PM
    • Munich Seminar
    • Prof. Dr.-Ing. Harald Weber, Institut für Elektrische Energietechnik, University of Rostock
    • Ifo Institute, Ludwig-Erhard-Hall, Poschingerstr. 5, 81679 Munich

  4. International Trade, Monopolistic Competition and Gravity

    • 14.04.2015, 10:15 AM - 11:45 AM
    • CES Lecture
    • Dennis Novy, University of Warwick
    • Schackstr. 4/II, seminar room (207)

    Monopolistic Competition and International Trade

  5. Ausländische Direktinvestitionen: aktuelle Herausforderungen

    • 14.04.2015, 11:45 AM - 09:00 PM
    • Ifo Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    Ausländische Direktinvestitionen (FDI) sind eine bedeutende Quelle für die Förderung der wirt-schaftlichen Entwicklung nicht nur in Schwellen- und Entwicklungsländern, sondern ebenso in Industrienationen. Wenn Unternehmen durch grenzüberschreitende Investitionen neue Märkte erschließen oder im Rahmen ihrer Bestrebung nach Kosteneffizienz internationale Produktions-netzwerke gründen, ergeben sich positive ökonomische Effekte in den jeweiligen Zielländern. Seit der Finanzkrise in 2008 hat sich die FDI Aktivität von Unternehmen deutlich verlangsamt. Eine Stagnation ist insbesondere in Schwellen und Entwicklungsländern bis heute zu beobachten und hat vielschichtige wirtschaftliche Folgen. Eine wesentliche Ursache für diese Entwicklung ist in der anhaltenden globalen wirtschaftlichen Unsicherheit zu finden. Zudem entstehen weltweit neue regionale Handels- und Investitionsabkommen, die eine starke Wirkung auf das inter-nationale Investitionsverhalten von Unternehmen haben. Wie kann in diesen herausfordernden Zeiten ein nachhaltiges Investitionsklima erreicht werden? Was sind die gegenwärtigen Heraus-forderungen für international agierende Unternehmen? Welche Möglichkeiten haben Regierun-gen, um bessere Rahmenbedingungen für FDI zu schaffen? Diese und weitere Fragen werden auf dieser Veranstaltung mit Vertretern der UNCTAD, des BMWi, des ifo Instituts und mit Un-ternehmensvertretern im Rahmen von Fachreferaten analysiert und diskutiert.

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 "ifo Schnelldienst 06/2015", ifo Institut, München, 2015, 03-47 | Details

  2. Cover Image "ifo Schnelldienst 05/2015", ifo Institut, München, 2015, 01-56 | Details

  3. Cover Image "ifo-GfK-Konsumreport 02/2015", ifo Institut; GfK Marktforschung, München; Nürnberg, 2015 | Details | PDF Download

  4. Cover Image "ifo Konjunkturperspektiven 02/2015", ifo Institut, München, 2015 | Details

Working Paper

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

  2. Cover Image Curuk, Malik and Suphi Sen, "Oil Trade and Climate Policy", CESifo Working Paper No. 5285, March 2015 | Details | PDF Download

  3. Cover Image Becker, Sascha O, and Ludger Woessmann, "Social Cohesion, Religious Beliefs, and the Effect of Protestantism on Suicide", CESifo Working Paper No. 5288, March 2015 | Details | PDF Download

  4. Cover Image Bastgen, Andreas and Christian Holzner, "Employment Protection and the Market for Innovations", CESifo Working Paper No. 5275, March 2015 | Details | PDF Download

  5. Cover Image Meya, Johannes, Panu Poutvaara and Robert Schwager, "Pocketbook Voting and Social Preferences in Referenda", CESifo Working Paper No. 5267, March 2015 | Details | PDF Download

  6. Cover Image Falck, Oliver, Constantin Mang and Ludger Woessmann, "Virtually No Effect? Different Uses of Classroom Computers and their Effect on Student Achievement", CESifo Working Paper No. 5266, March 2015 | Details | PDF Download

  7. Cover Image Holzner, Christian and Makoto Watanabe, "Labor Market Equilibrium with Public Employment Agency", CESifo Working Paper No. 5245, March 2015 | Details | PDF Download

  8. Cover Image Ruhose, Jens and Guido Schwerdt, "Does Early Educational Tracking Increase Migrant-Native Achievement Gaps? Differences-In-Differences Evidence Across Countries", CESifo Working Paper No. 5248, March 2015, Also published as: IZA Discussion Paper No. 8903 (PDF) | Details | PDF Download

  9. Cover Image Lehmann, Robert, "Survey-based indicators vs. hard data: What improves export forecasts in Europe?", Ifo Working Paper No. 196, 2015 | Details | PDF Download

  10. Cover Image Calzolari, Giacomo, Leonardo Felli, Johannes Koenen, Giancarlo Spagnolo and Konrad O. Stahl, "Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers", CESifo Working Paper No. 5229, February 2015 | Details | PDF Download