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

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  1. Economists Panel May 2016: The Consequences of a Brexit

    teaserImage In the May survey of the Economists Panel of Ifo and the FAZ, professors for economics at German universities were polled on the upcoming referendum on a possible exit of Britain from the European Union. This referendum will be carried out in the United Kingdom on 23 June 2016. An absolute majority of 85% of the professors surveyed rejects a UK exit from the EU. Only 10% favour a UK withdrawal; 4% are undecided. In case of a Brexit, the survey participants expect economic disadvantages in the long term – for both the British and the German economy. Details

  2. 165 Violations of the EU Deficit Criterion

    teaserImage In 165 instances, EU states have violated the three-percent hurdle for budget deficits. In only 51 cases was this permissible because the respective countries were in recession, the Ifo Institute reported. In 114 cases it was not permissible. For its calculations, the Ifo Institute evaluated figures of the EU Commission ranging from 1999 to 2015. Details

  3. The Hidden Costs of Decentralisation

    teaserImage In decentralised systems, different preferences can lead to a lower provision of public goods. In the specific case of expenditures for primary schools, Ifo researchers Francesco Cinnirella and Ruth Maria Schueler show that linguistic polarisation in Prussia had a negative impact on spending on locally-funded primary education. The researchers use unique county-level data on education expenditures for their analysis, which has been published in a new CESifo Working Paper. Details

  4. Bailout Programmes for Greece from an International Perspective

    teaserImage Does the economic situation of a country influence the opinion of the resident economic experts on the rescue programmes for Greece? As part of the CESifo World Economic Survey, Ifo researchers Niklas Potrafke and Markus Reischmann polled economists in 113 countries on how to handle the crisis in Greece. The majority was not in favour of Greece leaving the euro area, and particularly those experts from countries with a high national debt. This and other results have been published in CESifo Working Paper No. 5860. Details

  5. CESifo DICE Report 1/2016: Pension Taxation

    teaserImage Pension taxation has economic implications not only for the pensioners, but also for society as a whole. How does upstream or downstream taxation influence savings decisions, future rental income and the government budget? The institutional framework varies significantly within and between OECD countries, and taking a look over the borders can be useful when contemplating future reform. In the 1/2016 issue of the CESifo DICE Report, experts analyse pension taxation in different countries. Details

  6. CESifo Forum: An Economic Reform Agenda for Croatia

    teaserImage An economic policy reform agenda for Croatia drafted by the Ifo Institute on behalf of the Croatian Statehood Foundation is the focus of the latest issue the CESifo Forum. It summarises the analysis and recommendations made in the agenda and complements them with further scientific and methodological developments. Details

  7. CESifo Area Conference on the Global Economy

    teaserImage Leading academics in international economics will gather at the Ifo Institute from 13 to 14 May 2016 to present and discuss their latest research results. The keynote speech will be delivered by Peter Neary, Oxford University. As part of the conference, selected junior economists will also present their work and compete for the CESifo Young Affiliate Award. Peter Egger, ETH Zurich, and John Whalley, University of Western Ontario, will be responsible for the academic supervision of the event. Details

  8. ifo Schnelldienst 9/2016: Event Report

    teaserImage The farewell ceremony to mark the retirement of Hans-Werner Sinn, former Ifo President, and to commemorate the 25th anniversary of the founding of the Center for Economic Studies was celebrated on 22 January 2016 with an international scientific symposium and a farewell ceremony in the Great Hall of the University of Munich, as well as a gala dinner in Munich’s Residenz palace. Several of the speeches and statements given at the event are published in the ifo Schnelldienst 9/2016. Details

  9. Ifo President Opposes Brexit

    teaserImage Ifo President Clemens Fuest has voiced his opposition to Britain's exit from the European Union: "A Brexit would be highly detrimental to all involved. Germany would be the EU's biggest loser since Britain is a key market for its exports. Germany would also lose a key ally within the EU in terms of promoting free trade. As for Britain, it would damage itself with a Brexit, as the EU is its biggest export market." Details

  10. Ifo World Economic Climate Brightens Slightly

    teaserImage The world economic climate improved slightly this quarter. The Ifo Index for the world economy rose from 87.8 points to 90.5 points, thus approaching its long-term average of 96.0 points. Although assessments of the current economic situation deteriorated marginally, economic expectations were more positive than last quarter. Experts expect the world economy to grow by 2.0 percent in 2016 and its recovery remains moderate. Details


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