In the Ifo Viewpoint releases we present the Ifo perspective on topical issues in economic policy.
Munich, 9. June 2015 Game theorists know that a Plan A is never enough. One must also develop and put forward a credible Plan B – the implied threat that drives forward negotiations on Plan A. Greece’s finance minister, Yanis Varoufakis, knows this very well. As the Greek government’s anointed Details
Munich, 3 June 2015 The capital markets have greeted the European Central Bank’s (ECB) loose monetary policy with euphoria. The prices of shares and property are shooting up to dizzying heights. The ECB seems to have stumbled across a magic formula for creating wealth from nothing. However, will this magic Details
Munich, 01 June 2015 There are some things that Germany’s unions can be praised for. Although they got carried away with excessive pay claims in the 1970s and 80s, leading to mass unemployment that turned Germany into the sick man of Europe, they subsequently contributed to the turnaround with Agenda 2010 – when, Details