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  1. Fuest Welcomes ECB Decision

    teaserImage Ifo President Clemens Fuest has welcomed the European Central Bank's decision to scale back its purchases of government bonds as of March. “This is a step in the right direction. It would have been even better if the ECB had decided to make bigger cuts to the volume of its purchases, reducing them month by month,” he added. Details

  2. Bundesbank TARGET2 Credit Hits All-Time High

    teaserImage The Bundesbank’s balances within the Eurosystem (TARGET2 balances) hit an all-time high of 754 billion euros in November. Last month alone they rose by 46 billion euros. "The sharp increase was primarily due to growing capital flight from Italy and repurchasing operations by the European Central Bank (ECB),” said Ifo President Clemens Fuest in Frankfurt. "The German federal government should intervene and prompt the ECB to take measures to stem this irregular and excessive use of TARGET2 balances aimed at regrouping assets within the Eurozone," added Fuest. Details

  3. America After the Elections: What Does Donald Trump’s Victory Mean for the USA and Europe?

    teaserImage The surprising election of Donald Trump as US President has given rise to a great deal of uncertainty. The implications of Donald Trump’s victory for the USA and Europe are discussed in ifo Schnelldienst 23/2016 by Harm Bandholz, UniCredit Group, Detlef Junkers, Heidelberg Center for American Studies (HCA), Thomas Jäger, University of Cologne, Holger Schmieding, Berenberg, Josef Braml, German Council on Foreign Relations, as well as Stormy-Annika Mildner and Julia Howald, Confederation of German Industry. Details

  4. How Can the Energy Turnaround Be Networked?

    teaserImage The 7th Energy Policy Workshop that is taking place on 9 December 2016 will look at the key issues of the energy turnaround. Which electricity market design can guarantee a reliable, cost-effective and ecological electricity supply as the share of renewable energies rises? What progress has been made with network expansion to date? These and other questions will be raised at the event, which will be jointly organised by the Ifo Institute, the Hochschule Weihenstephan-Triesdorf and the Technical University of Munich. It will be held at the Ifo Institute. Details

  5. German Companies Less Satisfied with Graduate Recruits

    teaserImage German companies are less satisfied with their newly-recruited graduates than a decade ago. According to the Randstad Ifo Personnel Managers Survey, 32 percent of survey participants were less satisfied with graduate education, while only 2 percent were more satisfied and 43 percent reported no change in their satisfaction level. Details

  6. Munich Seminars: Black June 2016: Brexit, the Refugee Wave and the Euro Disaster – How to Successfully Reshape Europe

    teaserImage In his pre-Christmas lecture Hans-Werner Sinn, former President of the Ifo Institute and professor emeritus of the Ludwig-Maximilian University, will address the major challenges facing Europe. The speech “Black June 2016: Brexit, the Refugee Wave and the Euro Disaster – How to Successfully Reshape Europe” will be given (in German) on 19 December 2016 at 6.00 pm as part of the Munich Seminar series in the Grosse Aula of the Ludwig-Maximilian University. The event will also be livestreamed via the internet. Details

  7. ifo Konjunkturperspektiven November 2016 Published

    teaserImage Manufacturers reported a less favourable business climate in November. Reports from other business sectors were more positive: in construction the business climate hit a new record high this month. Confidence grew in wholesaling, while both retailers and service providers reported an improved and/or more favourable business situation. Details

  8. Ifo President: ECB Should Phase Out Bond Purchases

    teaserImage Ifo President Clemens Fuest has called on the European Central Bank (ECB) to scale back its bond purchases as of April 2017: "The ECB’s argument that the inflation rate in the euro area is too low will no longer be applicable in 2017. According to the Ifo Institute’s latest forecast, the euro inflation rate will automatically rise to an annual rate of 1.5 percent by March and to 1.6 percent by the end of 2017. That is close to the figure of just under 2 percent targeted by the ECB.” Details

  9. Guest Researchers in December

    teaserImage Dietrich Vollrath, University of Houston, Tanika Chakraborty, Indian Institute of Technology (IIT) Kanpur, Wilhelm Kohler, Eberhard Karls University Tübingen, Zeno Enders, University of Heidelberg, and Gernot J. Müller, University of Tübingen, will be guests at the Ifo Institute in December. Jean-Marie Viaene, Erasmus University, and Uwe Dulleck, Queensland University of Technology, will also continue to work the Center for Economic Studies (CES) this month. Details

  10. Ifo Export Climate Continues to Rise

    teaserImage The Ifo Export Climate rose from 0.26 index points in September to 0.37 points in October. This increase was primarily due to an improvement in corporate and consumer confidence abroad. Price competitiveness, by contrast, remained unchanged compared to last month. Details

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