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News from Ifo Institute, CESifo and the Center for Economic Studies (CES)

Latest news


  1. Ifo Economic Climate in the Euro Area Improves Significantly

    teaserImage The Ifo Index for the economic climate in the euro area rose sharply to 129.2 points in the second quarter of 2015 from 112.7 points last quarter. The index rose to a level last seen prior to the outbreak of the world financial crisis and significantly above its long-term average of 106.1 points. Both assessments of the current economic situation and the six-month economic outlook brightened considerably. According to the experts surveyed, economic growth will amount to 1.5 percent this year. The euro area’s economy is experiencing a clear upturn. Details

  2. Local Transport Strikes Cost Commuters 4.8 Million Euros Per Day

    teaserImage Local public transport strikes lead to an increased use of cars, a higher number of traffic accidents, more injuries and higher levels of air pollution. These are the results of a new study by researchers at the Ifo Institute and the University of Passau on strikes in five major German cities. Travel times to and from the workplace rose by 9.3 percent on average on strike days. Details

  3. 66th Ifo Institute Annual Meeting

    teaserImage The 66th Annual Meeting of the Ifo Institute will take place on Friday, 12 June 2015 at the University of Munich. The main theme of the event will be economic policy and policy advice since German reunification and the guest speaker will be German Federal Minister for Economic Affairs and Energy Sigmar Gabriel. Hans-Werner Sinn, Harold James, Princeton University, Georg Milbradt, former Minister President, and Wolfgang Wiegard, former Chairman of the German Economic Council of Experts on Economic Developments, will exchange their views on “Basic questions of economic policy and policy advice in Germany” in an expert panel discussion. Details

  4. Interaction between Oil Supply and Return on Investment: Market Power in the Oil Industry Revisited

    teaserImage In a recently published Ifo Working Paper Waldemar Marz and Johannes Pfeiffer, both from the Ifo Institute, consider a resource monopoly in a general equilibrium model consisting of the resource, capital and consumer goods markets. They show that the supply behaviour of a monopolist in this framework depends on his knowledge of the resource supply’s influence on the capital market. In different scenarios they identify supply motives that have been ignored to date. In particular, they explore the impact that so called Sovereign Wealth Funds and other capital assets of resource-rich countries with resource market power can have on their supply behaviour. Details

  5. Guest Researchers in May

    teaserImage Lorenzo Caliendo, Yale University, and Henrik Jordahl, Research Institute of Industrial Economics, will visit the Ifo Institute in May. The Center for Economic Studies (CES) will welcome Assaf Razin, Tel Aviv University & Cornell University, Thorsten Koeppl, Queen's University, Calin G. Arcalean and Ioana Cosmina Schiopu, both ESADE Business School, Konstantinos Angelopoulos, University of Glasgow, Theresa Kuchler and Johannes Stroebel, both New York University. Details

  6. Erdal Yalçın Discusses Macroeconomic Imbalances

    teaserImage Dr. Erdal Yalçın, Deputy Director of the Ifo Center for International Economics, will participate in the Think20 (T20) Conference: “Prioritizing International Monetary and Financial Cooperation” in Ottawa from 3 to 5 May 2015. Yalçın will speak in a panel on global macroeconomic imbalances and macroprudential regulation. The conference will be co-hosted by the CIGI (Centre for International Governance Innovation) and TEPAV (The Economic Policy Research Foundation of Turkey) and will focus on Turkey’s G20 Agenda in the fall of 2016. Details

  7. The ECB’s Crisis Policy

    teaserImage “The ECB – an institution without boundaries: an analysis of the European Central bank‘s ‘unconventional monetary policy’ and the outlook for a new monetary order in Europe” is the title of a lecture to be given by Markus C. Kerber, Professor for Public Finance and Economic Policy at the Technische Universität Berlin, on 4 May 2015 as part of the Munich Seminars. The lecture (to be given in German) will be given at 6.00 p.m. in the Ludwig Erhard Saal of the Ifo Institute and will be livestreamed via the internet. Details

  8. Climate Policy and Oil Trading

    teaserImage When the owners of depletable resources like oil, gas and coal anticipate future environmental policies that promote the development of alternative energy sources, they increase their near-term supply, which, in turn, accelerates climate change and leads to the green paradox. In a recent CESifo Working Paper Suphi Sen, Ifo Institute, and Malik Curuk, Tilburg University, explain higher crude oil exports as a response to the rise in R&D spending in renewable energy technologies in importer countries. Their analysis is based on data on OPEC’s crude oil exports to OECD countries between 2001 and 2010. Details

  9. Credit Constraints Edge Down to Historic Low

    teaserImage Credit constraints for German companies fell to 16.0 percent in April from 16.1 percent last month, marking a fresh historic low. German companies continue to have no problem in accessing credit for investment purposes. Details

  10. Ifo Export Climate Benefits from Improvement in German Competitiveness

    teaserImage The Ifo Export Climate rose from 0.32 index points in February to 0.40 points in March. This was due to a significant improvement in price competitiveness. Corporate and consumer confidence abroad, by contrast, had a slightly negative effect on the export climate. Details


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