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News Archive June 2014

  1. Professor Stefanie Kleimeier Visits Ifo Institute

    teaserImage Jun 30, 2014: Stefanie Kleimeier, Associate Professor of Finance at the Maastricht University, will visit the Ifo Institute from 30 June to 2 July 2014. Her latest research focuses on project finance, syndicated loans, retail banking, banking geography, financial market linkages and integration. Details

  2. Financing Conditions in Germany Remain Very Good

    teaserImage Jun 30, 2014: German companies continue to enjoy very easy access to bank loans. After falling to a historical low in May, credit constraints for German industry rose slightly to 18.3 percent in June from 17.4 percent last month. Financing conditions for German business were already excellent prior to the base rate drop by the ECB and remain so. Details

  3. Investment Protection – a Contentious Issue: Pros and Cons of Investment Protection in the TTIP Agreement

    teaserImage Jun 27, 2014: The negotiations between the USA and the EU on the Transatlantic Trade and Investment Partnership (TTIP) have attracted growing public attention in recent months. Controversy mainly surrounds the investment section of the agreement, which, in addition to the liberalisation of investment, also features regulations on investment protection and rules on the implementation of these provisions. Are concerns that US investors could challenge European legislation related to the environment and the social sector via this section of the agreement justified? This question is discussed in the ifo Schnelldienst 12/2014 by Peter Draper, Tutwa Consulting, Pretoria, and Andreas Freytag, University of Jena, Frank Schorkopf, University of Göttingen, Christian Bellak, Vienna University of Economic Sciences, Stormy-Annika Mildner, Christoph Sprich, Federation of German Industries (BDI), and Elizabeth Johnson, Robert Bosch Foundation, as well as Stefan Beck and Christoph Scherrer, University of Kassel. Details

  4. Ifo Business Climate for Eastern Germany Improves

    teaserImage Jun 27, 2014: Contrary to developments in Germany, the Ifo Business Climate Index for Eastern German trade and industry rose slightly in June to 110.1 index points from 109.9 points in May. Eastern German companies assessed their current business situation as more favourable than last month. They were also less pessimistic about future business developments. The Eastern German economy is bracing itself against the effects of the crisis in the Ukraine and in Iraq. Details

  5. German Companies More Sceptical About Recruiting

    teaserImage Jun 27, 2014: German companies have become more sceptical about recruiting, but are still looking for additional staff. The Ifo Employment Barometer for German industry, including the service sector, dropped to 106.1 index points in June from 106.9 points in the previous month. The increase in employment consequently continued to slow down. Companies, however, are still willing to recruit staff, especially in the service sector. Details

  6. German Energy Turnaround – a Blueprint for the World

    teaserImage Jun 27, 2014: “The German energy turnaround – a blueprint for the world” is the title of the lecture to be given by Dr. Hans-Wilhelm Schiffer, World Energy Council, Chairman of the World Energy Resources, on 30 June 2014 as one of the Munich Seminars. Dr. Schiffer will explain the aims and implications of the German energy turnaround and discuss them in the light of European energy and climate policy. The lecture will take place at 6.00 p.m. in the Ludwig-Erhard-Saal of the Ifo Institute and will be livestreamed on the internet. Details

  7. Prizes Awarded to Ifo Staff

    teaserImage Jun 26, 2014: Several Ifo Institute staff members were awarded prizes as part of Ifo’s Annual Meeting held on 26 June 2014. The prize for outstanding academic achievement in the field of empirical economic research went to Prof. Niklas Potrafke. His exceptionally successful research in 2013 led to the publication of eight articles in international, peer-reviewed journals. The prize for special achievement in third-party project management went to a team of authors that included Marc Piopiunik, Prof. Guido Schwerdt and Prof. Ludger Wößmann and supported by Anita Fichtl and Franziska Kugler. Details

  8. Ifo Economic Forecast 2014/2015: Upturn in German Economy Continues

    teaserImage Jun 26, 2014: The upturn in the German economy is continuing. Real gross domestic product (GDP) is expected to increase by 2.0% this year and by 2.2% in 2015. As in 2013, the upturn is driven by domestic demand. Growth in equipment investment will accelerate due to high capacity utilisation rates, necessitating investments in replacements and expansion. Construction investment will also continue to rise significantly, driven by a reluctance to invest abroad and low interest rates. Private consumption is expected to increase at a similar pace as real disposable income levels. Export growth will accelerate thanks to an improvement in the world economy. Imports, however, will grow at an even faster rate due to the strong expansion of domestic demand. Details

  9. CESifo Group Journals Published as E-Paper

    teaserImage Jun 25, 2014: The journals ifo Schnelldienst, CESifo Forum and CESifo DICE Report are now also available in the ePub format. This will enhance existing electronic access to the journals as a pdf file by enabling mobile reading. The English language publications will be available free-of-charge as pdf files and in the ePub format (as of 3/2013). A fee is charged for the four issues of ifo Schnelldienst published to date this year, which will be available in the ePub format. Details

  10. Top 40 under 40 Years Old: Professor Niklas Potrafke among Top Talents

    teaserImage Jun 25, 2014: Niklas Potrafke, head of the Ifo Center for Public Finance and Political Economy and Professor of Public Finance at the Ludwig Maximilian University of Munich (LMU), has been named as one of the top talents in the “Top 40 unter 40” ranking published by the German business magazine “Capital”. The 34 year-old has built up a reputation as a young expert in the field of science. Potrafke has been working at the Ifo Institute since 2012. His main research interests include the political economy, applied econometrics and public finance. Details

  11. 65th Annual Meeting: Safeguarding Prosperity with Energy – Update

    teaserImage Jun 24, 2014: The 65th Annual Meeting of the Ifo Institute will take place on 26 June in Munich. The main theme for the public part of the event is: “Safeguarding prosperity with energy“. The keynote address will be given by Prof. Christoph Buchal, Forschungszentrum Jülich. In a panel discussion Prof. Buchal, Prof. Aldo Belloni, Board Member of Linde AG, Jochen Homann, President of the German Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway, and Prof. Hans-Werner Sinn will debate various aspects of the meeting’s main theme. Details

  12. Ifo Business Climate Index Falls

    teaserImage Jun 24, 2014: The Ifo Business Climate Index for industry and trade in Germany fell to 109.7 points in June from 110.4 points last month. Assessments of the current business situation remained good, but companies were less optimistic about future business developments. The German economy fears the potential impact of the crises in the Ukraine and Iraq. Details

  13. German Service Sector: Ifo Business Climate Improves Considerably in German Service Sector

    teaserImage Jun 24, 2014: The Ifo Business Climate for the German service sector rose to 25.2 balance points in June from 21.5 points last month. Assessments of the current business situation soared to their highest level since spring 2007. Service providers are also more optimistic about future business developments and plan to recruit additional staff. Details

  14. Professor Jesse Rothstein is Guest at the Ifo Institute

    teaserImage Jun 24, 2014: Jesse Rothstein, an associate professor at the University of California, Berkeley, will be visiting the Ifo Institute from June 24 to 27, 2014. His research focuses on the areas of education and labour economics. During his stay at the Ifo institute, Mr Rothstein will be continuing his research on the role played by the length of student tests – and the associated fatigue – on the actual test results. Details

  15. Professor Carol McAusland Guest at the Ifo Institute

    teaserImage Jun 23, 2014: Carol McAusland, associate professor at the University of British Columbia, will be a guest at the Ifo Institute from June 23 to July 5, 2014. Her main research interests are in the areas of environmental economics and foreign trade. During her stay at the Ifo Institute, she will deal with the taxation of CO2 emissions. Details

  16. Professor Iwan Barankay Guest at CES

    teaserImage Jun 22, 2014: Iwan Barankay, Associate Professor an der Wharton School der University of Pennsylvania, ist vom 22. Juni bis 9. Juli 2014 am Center for Economic Studies (CES) zu Gast. Sein Forschungsfeld umfasst Personalökonomik, Verhaltensökonomik, Feldexperimente und politische Ökonomie. Details

  17. Professor Simeon Djankov: Eyewitness to the Euro Crisis

    teaserImage Jun 20, 2014: On June 24, 2014, Professor Simeon Djankov, visiting researcher at the Peterson Institute for International Economics and former Finance Minister and Deputy Prime Minister of Bulgaria (2009–13) will give a Munich Seminar lecture on his new book: Inside the Euro Crisis: An Eyewitness Account. Professor Djankov provides a behind-the-scenes look at the decision-making processes in the EU in recent years. The lecture, in English, will take place at 18:00 hrs in the Ludwig-Erhard Hall of the Ifo Institute and can be followed via livestream at the Ifo Website. Details

  18. Wage Differences between Eastern and Western Germany: New Findings

    teaserImage Jun 19, 2014: Twenty-five years after the fall of the Berlin Wall, substantial wage differences still exist between eastern and western Germany. A new quantitative study by the Dresden Branch of the Ifo Institute identifies the most important cause: the influence of the difference in pay according to work experience. Employees in eastern Germany only manage to increase their wage levels slightly in the course of their working lives in comparison to workers in western Germany. Details

  19. New Issue of ifo Dresden berichtet (03/2014)

    teaserImage Jun 19, 2014: The latest issue of ifo Dresden berichtet (03/2014) deals with the innovation grant, the economic and industrial region of Lusatia, the German economy, status consumption in eastern and western Germany, the evaluation of the accuracy of the Ifo Dresden economic forecasts and the wage gap between eastern and western Germany. Details

  20. Ukraine Conflict Dampens German Business Confidence

    teaserImage Jun 17, 2014: The conflict over Ukraine has dampened the business confidence of German companies in recent months. This is the result of a special survey in the manufacturing sector by the Ifo Institute. “Since the beginning of the year, for companies that have relations to Russia, the business outlook in particular has worsened more so than for companies that have no dealings with Russia. This is clearly evident in our analysis”, comments Timo Wollmershäuser, acting head of business cycle analysis and surveys at the Ifo Institute. Details

  21. Professors Kathy Baylis and Don Fullerton as CES Guest Researchers

    teaserImage Jun 17, 2014: Don Fullerton, Gutgsell Professor of Finance at the University of Illinois, and Kathy Baylis, Assistant Professor of Agricultural and Consumer Economics at the University of Illinois will be guests at the Center for Economic Studies (CES) from June 16 to July 13, 2014. During their research stay, they will continue their work on a general equilibrium model to evaluate carbon policies. Details

  22. Ifo President Hans-Werner Sinn Mourns the Death of Frank Schirrmacher

    teaserImage Jun 16, 2014: Ifo President Hans-Werner Sinn mourns the death of Frank Schirrmacher, one of the editors of Frankfurter Allgemeine: "Frank Schirrmacher reinvented the cultural section of German newspapers by incorporating the major social and scientific issues of our time. The debate he touched off on the Internet is fresh in our memories. He succeeded in linking recent research in natural and social sciences with the tradition of the European humanities. He also included topics from economics, an area that European intellectuals are normally reluctant to approach...." Details

  23. ifo-GfK-Konsumreport May 2014

    teaserImage Jun 13, 2014: The May issue of the ifo-GfK-Konsumreport focuses on the market for audio and hifi products. The home audio market in Germany developed positively in both 2013 and in the first quarter of 2014. The monthly German-language newspaper is a joint publication by the Ifo Institute amd GfK Marktforschung, Nuremberg, in which the latest results of the GfK consumer climate report and the Ifo Business Survey are published and analysed. Details

  24. Ifo Architects Survey: Improved Business Climate

    teaserImage Jun 12, 2014: According to the results of the Ifo Institute’s survey of freelance architects, the business climate improved at the beginning of the second quarter of 2014. In the past twenty years, it has never been so favourable. Details

  25. Special Fee for All Car Drivers: A Useful Instrument for Financing the German Transport Infrastructure?

    teaserImage Jun 12, 2014: In April this year, Torsten Albig, Minister-President of Schleswig-Holstein, made the surprise proposal of a special fee on all car drivers to finance the necessary infrastructure repairs. Whether this proposed special fee is a useful financial tool is discussed in the current ifo Schnelldienst (11/2014) by Gernot Sieg, University of Münster, Bernhard Wieland, Technical University of Dresden, Günter Knieps, University of Freiburg, Thomas Puls, Institute of the German Economy, Cologne, Klaus J. Beckmann, ProStadt – Municipal Research, Consulting, Facilitation and Communication, Berlin, Tobias Bernecker, Heilbronn University and Torsten Böger, VIFG Transport Infrastructure Funding Company. Details

  26. Does Nepotism have No Consequences?

    teaserImage Jun 11, 2014: The nepotism affair in Bavaria’s State parliament outraged its citizens when it emerged that some Bavarian State parliament members had employed their spouses, parents or children from 2000 onwards. Interestingly, as Professor Niklas Potrafke and Dr. Björn Kauder, Ifo Institute, show in their latest CESifo Working Paper, this had no impact on election results and voter turnout in the state elections of September 2013. The authors offer three possible explanations for this result: firstly, that the election was seen as a test run for the federal elections, secondly, that the state government effectively communicated its strategy for dealing with the affair, and thirdly that a very heavy bout of flooding in June 2013 eclipsed the political scandal. Details

  27. Ifo Viewpoint: German Gerontocracy

    teaserImage Jun 10, 2014: Germany’s demographic time bomb is ticking. The baby boomers born in 1964 are now 50 years old and plan to claim their retirement benefits in 15 or even 13 years’ time. Moreover, the combination of a growing number of pensioners and far fewer younger people is leading to an almost unsolvable and very foreseeable generational conflict, warns Ifo president Hans-Werner Sinn. Details

  28. Professor Mark Skidmore Visits Ifo Institute

    teaserImage Jun 10, 2014: Mark Skidmore, Professor of Economics at Michigan State University, will be a guest at the Ifo Institute from 10 to 21 June 2014. His research focuses on public economics and urban/regional economics. His current research interests include state and local government tax policy, intergovernmental relations, the interrelationship between public sector decisions and economic activity as well as the economics of natural disasters. Details

  29. 65th Annual Meeting: Safeguarding Prosperity with Energy

    teaserImage Jun 6, 2014: The 65th Annual Meeting of the Ifo Institute will take place on 26 June in Munich. The main theme for the public part of the event is: “Safeguarding prosperity with energy“. The keynote address will be given by the Bavarian State Minister of Finance, State Development and Heritage, Markus Söder. In a panel discussion Prof. Christoph Buchal, Forschungszentrum Jülich, Prof. Aldo Belloni, Board Member of Linde AG, Jochen Homann, President of the German Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway, and Prof. Hans-Werner Sinn will debate various aspects of the meeting’s main theme. Details

  30. Ifo President Hans-Werner Sinn criticizes ECB’s decisions

    teaserImage Jun 5, 2014: Ifo President Hans-Werner Sinn has criticised the ECB's decisions. "This is a desperate attempt to use even cheaper credit and punitive interest rates on deposits to divert capital flows to southern Europe and stimulate their economies," says Sinn. "It cannot succeed because the economies of southern Europe must first improve their competitiveness through labour market reforms. Long-term investors, in other words savers and life insurance policy holders, will now foot the bill," warned Sinn. Details

  31. Justin Tumlinson Places Article in Top-Journal

    teaserImage Jun 5, 2014: The paper entitled: “Does Social Proximity Enhance Business Partnerships? Theory and Evidence from Ethnicity's Role in U.S. Venture Capital” by Ifo researcher Justin Tumlinson, Ph.D., and Professor Deepak Hegde, Stern School of Business, New York University, has been accepted for publication by the journal Management Science and is already available online. Management Science is one of the world’s leading business administration journals. Details

  32. Ifo Export Climate Rises: German Export Opportunities Improve

    teaserImage Jun 4, 2014: The export opportunities for German companies have improved. The Ifo Export Climate increased to 0.32 balance points in April from 0.19 balance points in March. This increase was driven by an improvement in company and consumer confidence in international business. The signs are good that German exports may increase moderately in the second quarter. Details

  33. Professor Ismael Mourifié Visits Ifo Institute as Guest

    teaserImage Jun 4, 2014: Ismael Mourifié, Assistant Professor at the University of Toronto, will be visiting the Ifo Institute from 4 to 12 June 2014. The main focus of his research is microeconomic theory, which he primarily applies to policy evaluation. During his visit Professor Mourifié will also give a lunchtime lecture on LATE assumptions. Details

  34. Ukraine Crisis Unsettles German Manufacturers

    teaserImage Jun 3, 2014: The crisis in the Ukraine is unsettling German manufacturers, according to the results of a special online survey of nearly 2,500 Ifo Business Survey participants conducted in May. Almost 17 percent of respondents are already feeling the impact of the crisis on their business. A third of companies even fear that the crisis, should it continue, will negatively impact their business, especially in terms of exports to Russia. Almost a third of the 2,500 firms surveyed stated that they have either direct or indirect business relations with Russia. Details

  35. ifo Konjunkturperspektiven May 2014: Business Climate Clouds Over

    teaserImage Jun 3, 2014: The business climate indicator fell in manufacturing, construction, wholesaling, retailing and the service sector in May. With the exception of manufacturing, assessments of the current business situation in other sectors were less favourable than last month. The majority of companies were less optimistic about future business developments. Only service providers were slightly more confident about their six-month business outlook than in April. Details

  36. Professor Barış K. Yörük Visits CES as Guest Researcher

    teaserImage Jun 2, 2014: Barış K. Yörük, Assistant Professor of Economics at the University at Albany, State University of New York, will visit the Center for Economic Studies (CES) from 2 to 15 June. As an applied microeconomist his research interests include public and health economics. During his stay at CES he will look at the effect of the restrictions on Sunday alcohol sales on crime. Details

  37. Professor Peter Grajzl Visits CES

    teaserImage Jun 2, 2014: Peter Grajzl, Associate Professor of Economics at the Washington and Lee University, will visit the Center for Economic Studies (CES) from 2 to 15 June 2014. His research focuses on the economics of institutions and governance, political economy, law and economics. He analyses decision-making in courts, the incentives of judges and the implications for legal reform in post-socialist countries. Details


Annette Marquardt

Ifo Institute
Press, Publications, Conferences
Phone: +49(0)89/9224-1604
Fax: +49(0)89/9224-1267
Email: marquardt @

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