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. The Odysseus Complex

    teaserImage In their latest book “The Odysseus Complex” Ifo President Clemens Fuest and Johannes Becker, Professor at the University of Münster, develop a plan to reform the Eurozone, which would make the currency union less prone to crises and would mitigate conflicts among its member states. “The Odysseus Complex” has been published on 20 February 2017 by the Hanser Verlag. Details

  1. 7th Workshop on Labour Market and Social Policy

    teaserImage The 7th “Labour market and social policy” workshop jointly organised by the Dresden Branch of the Ifo Institute and the Technical University of Dresden will take place on 23 and 24 March 2017. The workshop aims to facilitate networking among young scientists and enable them to exchange their latest research results in the fields of labour economics and social policy. Details

  2. Germany’s Small Investor Protection Act Doesn’t Curb Crowdfunding

    teaserImage The Small Investor Protection Act has had no negative impact on crowdfunding in Germany. This is the key finding of a new study conducted by the Ifo Institute together with external economists and legal experts on behalf of the German Federal Ministry of Finance. Critics had feared that the new law would compromise crowdfunding and hamper social and non-profit projects. In reality, however, hardly any social and non-profit projects are regulated by the law, which is why the legal exemption clauses for such projects are of little relevance. Details

  3. Essays on International Trade and the Gains from Globalization

    teaserImage In her dissertation, Inga Heiland looks at aspects of international trade and factor movements, including trade in goods, trade in value added, international movement of labor and capital, and trade in risk. Heiland's findings were published as ifo Beiträge zur Wirtschaftsforschung 74. Details

  4. CESifo Area Conference on Applied Microeconomics

    teaserImage Leading economists in the fields of applied microeconomics will meet on 17 and 18 March 2017 under the supervision of Christian Gollier, Toulouse School of Economics, to present and discuss their latest research results. The keynote lecture will be given by Ariel Pakes, Harvard University. As part of the conference, selected junior economists will also present their work and compete for the CESifo Young Affiliate Award. The event will take place at the Ifo Institute. Details

  5. Federalism in Wonderland: on Fiscal Autonomy and the Property Transfer Tax

    teaserImage For many German Länder there is a strong fiscal incentive to increase the property transfer tax, as this not only generates higher tax revenues, but also gives them higher allocations when it comes to fiscal equalisation. If, however, Länder decide not to increase the property transfer rate, a paradoxical situation can arise in some cases. Every additional euro in property tax is linked to a decrease in allocations, which is greater than the increase in tax revenues. These are the findings of a recent Ifo Working Paper by Ifo reseach professor Thiess Büttner and Ifo researcher Manuela Krause. Details

  1. Randstad Ifo Personnel Manager Survey for Quarter 4 2016

    Retirement at 63 Impacts Majority of Companies

    Mar 9, 2017: The latest Randstad Ifo Personnel Manager Survey analyses how many companies have employees who have already taken early retirement at 63, their positions and whether companies generally struggle to fill the positions left vacant. The survey results show that over half of the companies surveyed are already affected by retirement at 63, with 52% of companies reporting employees taking early retirement. More companies were affected in manufacturing (62%) than in distribution (53%) and the service sector (44%). A further 12% of all firms reported that although none of their employees have taken early retirement at 63 to date, they expect them to do so in the next two years. Details

  2. Results of the Ifo Investment Survey for German manufacturing in Autumn 2016

    German Manufacturers: Willingness to Invest Increases

    Mar 9, 2017: Investment by German manufacturers rose by 3% in 2016, according to the results of the latest Ifo Investment Survey. In 2017 manufacturers plan to increase their spending on investment by 5% (almost 5% in real terms). The key factors driving investment are fairly balanced, with investment in expansion and in replacement procurement accounting for a third of expenditure in 2017 respectively. Details

  3. Regional evaluation for Saxony of the Ifo Business Survey in February 2017

    Ifo Business Climate Index for Saxony Declines Again

    Mar 7, 2017: The Ifo Business Climate for trade and industry in the Free State of Saxony cooled down marginally in February. This was due to poorer business expectations on the part of survey participants. The business situation, by contrast, improved slightly. In Eastern Germany the business climate index also edged downwards, while it rose somewhat in Germany overall. Details

  4. Results of the Ifo Business Survey for February 2017

    Ifo Business Climate Index for Eastern Germany Declines

    Feb 27, 2017: Unlike in Germany as a whole, the Business Climate Index for eastern German trade and industry fell significantly in February and deteriorated from 109.8 points to 109.4 points this month. Although survey participants’ assessments of the current business situation improved slightly, the six-month business outlook clouded over markedly. Details

  5. Ifo Export Expectations - Ifo Business Survey for February 2017

    German Exporters More Optimistic

    Feb 24, 2017: German exporters expressed growing optimism in February. The Ifo Export Expectations rose from 12.1 balance points in January to 14.6 balance points this month. These figures point to a clear upturn in exports in the first quarter, with no sign of any “Trump” effect visible to date. Companies that export to the USA even reported a slightly improved outlook. Details

  6. Ifo Employment Barometer - Results of the Ifo Business Survey for February 2017

    German Companies Marginally Less Keen to Recruit

    Feb 24, 2017: German companies were marginally less keen to expand their staff bases this month, but recruitment levels nevertheless remain high. The Ifo Employment Barometer edged downwards to 110.6 points in February from 110.7 points last month. While the employment dynamic is losing impetus in the service sector, it remains strong in manufacturing. Details

  7. Results of the February 2017 Ifo Business Survey

    Ifo Business Climate Index for the Service Sector Falls

    Feb 23, 2017: Sentiment in the service sector continued to weaken in February. The business climate index fell to 108.5 points this month from 109.3 points in January. While service providers were somewhat more satisfied with their current business situation, they expressed less confidence about their six-month business outlook. They nevertheless plan to recruit additional staff. Details

  8. Results of the February 2017 Ifo Business Survey

    Ifo Business Climate Index Rises

    Feb 22, 2017: Sentiment among German managers improved this month. The Ifo Business Climate Index rose to 111.0 points in February from 109.9 (seasonally adjusted) points last month. Assessments of the current business situation reached their highest level since August 2011. Companies also expressed greater optimism about the months ahead. After making a cautious start to the year, the German economy is back on track. Details

  9. Ifo Export Climate for January 2017

    Ifo Export Climate Begins Year by Rising

    Feb 20, 2017: The Ifo Export Climate rose to 0.72 points in January 2017 from 0.59 index points in December 2016. The improvement in the export climate was due to higher corporate and consumer confidence abroad. Price competiveness in the German economy, by contrast, had a slightly dampening effect. Details

  10. Results of the Ifo World Economic Survey (WES) of 1st quarter 2017 (13 February 2017)

    Ifo World Economic Climate Continues to Brighten

    Feb 13, 2017: The Ifo World Economic climate continued to improve this quarter. The indicator rose to +2.6 balance points from -1.2 points previously. Experts’ assessments of the current economic situation were no longer quite as unfavourable as last quarter. Expectations also brightened somewhat, pointing to a moderate recovery in the world economy. Details

Dresdner Vorträge zur Wirtschaftspolitik

Dresdner Vortrag zur Wirtschaftspolitik am 26. April 2017 mit Prof. Christina Gathmann, Professorin für Arbeitsmarktökonomie und Neue Politische Ökonomik am Alfred-Weber-Institut der Universität Heidelberg, sowie Stellvertretende Vorsitzende des Wissenschaftlichen Beirat beim Bundesministerium für Wirtschaft und Technologie. read on Dresdner Vorträge zur Wirtschaftspolitik

Ricardo@200 – International Trade Theory in Turbulent Times

In cooperation with the Chamber of Commerce and Industry of Munich and Upper Bavaria and the Committee on International Trade Theory and Policy of the Verein für Socialpolitik, the Ifo Institute is organising a conference in honour of David Ricardo, one of the founding fathers of modern economics. read on Ricardo@200 – International Trade Theory in Turbulent Times

Next Events

  1. 7th Ifo Dresden Workshop on Labour Economics and Social Policy

    • 23.03.2017, 09:00 AM - 24.03.2017, 03:00 PM
    • Ifo Workshop
    • Ifo Institute, Dresden Branch, Einsteinstraße 3, Dresden

    The workshop aims to facilitate the networking of young scientists and to promote the exchange of their latest research across the range of labour economics, social policy, education economics, demography and migration. Policy relevant contributions, either theoretical or applied, are highly welcome. We particularly encourage PhD students to submit their latest research. Details

  2. The Dark Side of the Reformation: Research Design, Part I

    • 31.03.2017, 10:00 AM - 12:00 PM
    • CES Lecture
    • Sascha O. Becker, University of Warwick
    • CES, Schackstr. 4/IV, room 406

    This CES Lecture Series will give insights into the process of developing a research design. The course is based on: Becker, Pascali (2016): Religion, Division of Labor and Conflict: Anti-Semitism in German Regions over 600 Years, CAGE Working Paper No. 288.

  3. Trade and Regional Inequality

    • 05.04.2017, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • André Seidel, Georg Hirte, Christian Lessmann
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH A 03

  4. The Dark Side of the Reformation: Research Design, Part II

    • 07.04.2017, 10:00 AM - 12:00 PM
    • CES Lecture
    • Sascha O. Becker, University of Warwick
    • CES, Schackstr. 4/IV, room 406

    This CES Lecture Series will give insights into the process of developing a research design. The course is based on: Becker, Pascali (2016): Religion, Division of Labor and Conflict: Anti-Semitism in German Regions over 600 Years, CAGE Working Paper No. 288.

  5. What causes differences in labor market outcomes of second generation immigrants?

    • 12.04.2017, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • Antje Fanghänel
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH A 03

  6. Zwischenbilanz

    • 12.04.2017, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Meinhard Knoche, Annette Marquardt, Wolfgang Auer
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

Upcoming publications / just released

  1. Cover Image Becker, Johannes and Clemens Fuest, Der Odysseus-Komplex. Ein pragmatischer Vorschlag zur Lösung der Eurokrise, Hanser Verlag, 2017, 288 , Information | Details

  2. Cover Image Sinn, Hans-Werner, "Der Schwarze Juni. Brexit, Flüchtlingswelle, Euro-Desaster – Wie die Neugründung Europas gelingt", Herder Verlag, 2016, 368 , Information | Details

Journals

  1. Cover Image "ifo Schnelldienst 05/2017", ifo Institut, München, 2017 | Details | PDF Download | EPUB Download

  2. Cover Image "ifo Konjunkturperspektiven 02/2017", ifo Institut, München, 2017 | Details | PDF Download

  3. Cover Image Andersen, Torben M., Giuseppe Bertola, John Driffill, Clemens Fuest, Harold James, Jan-Egbert Sturm and Branko Uroševic, "The EEAG Report on the European Economy 2017: Economics of Populism", CESifo Group Munich, Munich, 2017, 01-110 | Details | PDF Download

  4. Cover Image "CESifo World Economic Survey February 2017", Ifo Institute, Munich, 2017 | Details | PDF Download

Books

  1. Cover Image Heiland, Inga, Five Essays on International Trade, Factor Flows and the Gains from Globalization, ifo Beiträge zur Wirtschaftsforschung 74, Ifo Institute, 2017 | Details | PDF Download

  2. Cover Image Hainz, Christa, Lars Hornuf and Lars Klöhn, Praxiserfahrungen mit den Befreiungsvorschriften des Kleinanlegerschutzgesetzes, ifo Forschungsberichte 78, ifo Institut, 2017 | Details | PDF Download

Working Paper

  1. Cover Image Freyberger, Joachim, Andreas Neuhierl and Michael Weber, "Dissecting Characteristics Nonparametrically", CESifo Working Paper No. 6391, March 2017 | Details | PDF Download

  2. Cover Image Buettner, Thiess and Manuela Krause, "Föderalismus im Wunderland: Zur Steuerautonomie bei der Grunderwerbsteuer", Ifo Working Paper No. 235, 2017 | Details | PDF Download

  3. Cover Image Frei, Xenia, Sebastian Langer, Robert Lehmann and Felix Roesel, "Electoral Externalities in Federations - Evidence from German Opinion Polls", CESifo Working Paper No. 6375, February 2017 | Details | PDF Download

  4. Cover Image Munk, Martin D., Till Nikolka and Panu Poutvaara, "International Family Migration and the Dual-Earner Model", CESifo Working Paper No. 6377, February 2017 | Details | PDF Download

  5. Cover Image Lehmann, Robert and Wolfgang Nagl, "Explaining Spatial Patterns of Foreign Employment in Germany", CESifo Working Paper No. 6356, February 2017 | Details | PDF Download

  6. Cover Image D'Acunto, Francesco, Ryan Liu, Carolin Pflueger and Michael Weber, "Flexible Prices and Leverage", CESifo Working Paper No. 6317, January 2017 | Details | PDF Download

  7. Cover Image Balleer, Almut, Nikolay Hristov and Dominik Menno, "Financial Constraints and Nominal Price Rigidities", CESifo Working Paper No. 6309, January 2017 | Details | PDF Download

  8. Cover Image Kauder, Björn, Niklas Potrafke and Christoph Schinke, "Manipulating Fiscal Forecasts: Evidence from the German States", CESifo Working Paper No. 6310, January 2017 | Details | PDF Download

  9. Cover Image Blesse, Sebastian and Felix Rösel, "Gebietsreformen: Hoffnungen, Risiken und Alternativen", Ifo Working Paper No. 234, 2017 | Details | PDF Download

  10. Cover Image Glomm, Gerhard and Volker Meier, "Modes of Child Care", CESifo Working Paper No. 6287, December 2016 | Details | PDF Download