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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. Credit Constraints Hit Historic Low

    teaserImage 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

  2. Ifo Business Climate Index for Eastern Germany Rises Slightly

    teaserImage 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

  3. Ifo President Proposes Subordinated Bonds for Euro Countries

    teaserImage Ifo President Clemens Fuest has proposed a new type of bonds for overcoming the debt crisis in the Eurozone: accountability bonds. “For new borrowing in excess of 0.5 percent of annual economic output, which is the upper ceiling agreed in the European fiscal pact, governments should be required to issue subordinated bonds,” Fuest said at the Ifo General Meeting. Details

  4. German Companies Plan to Recruit More Staff

    teaserImage 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. Export Expectations Fall

    teaserImage 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

  1. 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

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

  9. 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

  10. Ifo Export Climate for February 2016

    Business Confidence Abroad Deteriorates

    Mar 29, 2016: The Ifo Export Climate fell to -0.06 points in February from 0.10 points in January. The deterioration was due to waning business confidence abroad, while price competitiveness had a neutral impact. Details

Next Events

  1. Jahrestagung 2016 des ATAP des VfS

    • 29.04.2016, 09:00 AM - 30.04.2016, 02:00 PM
    • Event
    • ifo Institut, Poschingerstr. 5, 81679 München

    Jahrestagung 2016 des Ausschusses für Außenwirtschaftstheorie und -politik der Gesellschaft für Wirtschafts- und Sozialwissenschaften (Verein für Socialpolitik) Details

  2. Make some Noise: Information Garbling and the Elicitation of Sensitive Data

    • 03.05.2016, 05:00 PM - 06:15 PM
    • Hans Möller Seminar
    • Christian Zehnder, Université de Lausanne
    • International Economics, Ludwigstr. 28/II, Library (room 221)

  3. 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

  4. 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

  5. Hans Möller Seminar

    • 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)

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

  2. Cover Image "ifo Schnelldienst 08/2016", ifo Institut, München, 2016, 03-59 | Details

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

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

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

  6. Cover Image "ifo Konjunkturperspektiven 03/2016", ifo Institut, München, 2016 | Details

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

  2. 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

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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

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

  10. Cover Image Hristov, Nikolay, "The Ifo DSGE Model for the German Economy", Ifo Working Paper No. 210, 2016 | Details | PDF Download