Press releases of the CESifo Group.
Latest press releases
Ifo Business Climate Germany - Results of the November 2014 Ifo Business Survey
Nov 24, 2014: 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
Nov 19, 2014: The US economist Kenneth Rogoff of Harvard University has declared himself in favour of phasing out paper currency. “This would make it easier for central banks to implement negative rates to stimulate the economy”, he said on Tuesday evening at a lecture 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
Nov 13, 2014: The Ifo Index for the world economy fell to 95.0 points from 105.0 points in the previous quarter, reaching its lowest level since the third quarter of 2013. It is now below its long-term average of 95.5 points. Assessments of the current economic situation deteriorated only slightly. Economic expectations, however, were strongly downwardly revised. The upswing in the world economy is suffering a setback. Details
Nov 13, 2014: Der französische Ministerpräsident Valls und sein italienischer Kollege Renzi haben erklärt, dass sie den 2012 neu vereinbarten Fiskalpakt nicht einhalten und wieder mehr Schulden machen wollen. Daran ändern auch neue Vorschläge nichts. Ihre Erklärung sollte daher Anlass sein, über die Konstruktion der Europäischen Währungsunion nachzudenken. Details
Nov 7, 2014: The Center for Economic Studies (CES) in Munich has made Professor Kenneth Rogoff, Harvard, 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”. This series of lectures is traditionally given by the “Distinguished CES Fellow”. Details