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  1. Ifo Business Climate Index Rises

    teaserImage The Ifo Business Climate Index for industry and trade in Germany rose in November to 104.7 points from 103.2 points in October. The business climate previously deteriorated six times in a row. Assessments of the current business situation are slightly more favourable than last month. Expectations with regard to the months ahead are also brighter. The downturn in the German economy has ground to a halt for the moment at least. Details

  2. German Service Sector: Ifo Business Climate Indicator for Service Sector Falls

    teaserImage The Ifo Business Climate Indicator for the German service sector fell in November to 19.3 balance points, from 23.8 points in the previous month. Service providers slightly scaled back their assessments of the current business situation, which nevertheless remained very good. They are also somewhat less optimistic about future business developments. Service providers still plan to recruit additional staff, but their willingness to do so fell to its lowest level in over a year. Details

  3. Kenneth Rogoff Favours Phasing Out Paper Money

    teaserImage Professor Kenneth Rogoff, Harvard University, has declared himself in favour of phasing out paper currency. “This would make it easier for central banks to implement/apply negative rates to stimulate the economy”, he said at the Munich Lectures in Economics 2014 in Munich. “It would also make it easier to fight tax evasion and drug-related crime”, he added. “Paper currency is the main barrier to further reductions in central bank interest rates. Phasing it out would be a very simple and elegant solution to this problem.” During the height of the crises the US Federal Reserve contemplated introducing temporarily negative rates of four or five percent but could not because people were hoarding additional cash. Details

  4. 9th Workshop on Macroeconomics and the Business Cycle

    teaserImage The 9th Workshop on macroeconomics and the business cycle will take place from 20 to 21 November 2014 in the Dresden Branch of the Ifo Institute, Einsteinstraße 3. It will be jointly organised by Ifo Dresden and the Helmut-Schmidt University of Hamburg. Professor Michael Berlemann, Helmut-Schmidt University of Hamburg, together with Robert Lehmann and Michael Weber, both Ifo Dresden, will be responsible for the academic supervision of the workshop. Details

  5. Center for Economic Studies (CES) Honours Kenneth Rogoff

    teaserImage The Center for Economic Studies (CES) has made Professor Kenneth Rogoff, Harvard University, a "Distinguished CES Fellow". Rogoff was awarded the prize for his outstanding work in the field of economic and monetary policy and on the international finance system. The awards ceremony will take place on 18 November 2014 at 6.00 p.m. in the Great Hall of the University of Munich. Following on from the ceremony, Rogoff will give the first of three “Munich Lectures in Economics 2014”. Details

  6. Link between Area Structure and the Local Business Tax Burden

    teaserImage Is there a link between a city’s local business tax rate and the area structure of its agglomeration? This question is investigated by Björn Kauder, Ifo Institute, in Ifo Working Paper No. 191. According to his findings, the greater a city’s share of an agglomeration, the higher the local business tax burden; while a higher number of surrounding municipalities lowers the tax rate. Area structure reforms could enable cities to raise the local business tax. This paper will be published in the Journal of Regional Science. Details

  7. Professor Niklas Potrafke Is One of Top 40 Under 40

    teaserImage For the “Welt am Sonntag” newspaper Niklas Potrafke, aged 34, is one of the 40 Germans under the age of 40, who will shape Germany’s future. The research interests of the Director of Ifo’s Center for Public Finance and Political Economy cover the links between party politics and economic policy decisions, an area that the newspaper expects to remain a hot topic in the future. In June Potrafke was also named one of the “Top 40 under 40” talents by the German business magazine “Capital”. Details

  8. CEPAR & CESifo Workshops on Pension Taxation, Population Ageing and Globalisation

    teaserImage The first of two workshops on pension taxation, population ageing and globalisation will take place on 17 and 18 November in Sydney. The event will be jointly organized by CEPAR and CESifo under the supervision of Professor John Piggott, Professor Robert Holzmann, both from the University of New South Wales, and Professor emeritus Bernd Genser, University of Constance. A second 2-day workshop will take place in Munich in September 2015. Details

  9. Guest Researchers in November

    teaserImage The Ifo Institute will welcome Professor Eric A. Hanushek and Dr. Essi Eerola as guests in November. Hanushek is a professor at Stanford University-Hoover Institution and works closely with the Ifo Center for the Economics of Education as a research professor. Eerola is an economist at the Government Institute for Economic Research (VATT) in Helsinki and works with the Ifo Center for International Institutional Comparisons and Migration Research as a member of the CESifo research network. Details

  10. Guest Researchers at CES

    teaserImage Professor Dirk Niepelt and Professor Gylfi Zoëga will both visit the Center for Economic Studies (CES) in the week ahead. Niepelt is Director of the Study Center Gerzensee, Professor of Economics at the University of Bern and a fellow of the CESifo research network. Zoëga is professor of economics at Birkbeck College in London. Details

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