Main Content

CESifo Group Munich

The CESifo Group, consisting of the Center for Economic Studies (CES), the Ifo Institute and the CESifo GmbH (Munich Society for the Promotion of Economic Research) is a research group unique in Europe in the area of economic research. read on CESifo Group Munich

  1. News
  2. Survey results
  3. Upcoming events
  4. New Publications
  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. 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

  3. 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

  4. 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

  5. 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

  1. Ifo Manager Survey

    Ifo Manager Survey April 2016

    May 23, 2016: The Ifo Managers Survey was introduced in 1988 as a supplement to the other surveys of the Ifo Institute. This survey proved to be an important instrument for exploring particularly sensitive topics. The results of the survey, conducted in co-operation with the business weekly, WirtschaftsWoche, of managers in manufacturing, construction, wholesaling and retailing, as well as the service sector are published in WirtschaftsWoche and in ifo Schnelldienst. Details

  2. Results of the Ifo World Economic Survey (WES) of 2nd quarter 2016 (11 May 2016)

    Ifo World Economic Climate Brightens Slightly

    May 11, 2016: 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

  3. Regional evaluation for Saxony of the Ifo Business Survey in April 2016

    Ifo Business Climate Index for Saxony Rises

    May 10, 2016: The Ifo Business Climate for Saxon trade and industry brightened significantly in April. The Ifo Business Climate Index for Germany, by contrast, edged downwards from 106.7 points in March to 106.6 points in April, whereas it rose somewhat in eastern Germany. Saxon survey participants assessed their current business situation equally as favourably as last month and were far less pessimistic overall about their business expectations than in March. Details

  4. Advance results of the Ifo World Economic Survey (WES) of 2nd quarter 2016 (03 May 2016)

    Ifo Economic Climate in the Euro Area Continues to Cloud Over

    May 3, 2016: Economic sentiment in the euro area weakened. The Ifo Index for the economic climate in the euro area continued to fall, declining from 118.9 points to 112.7 points in the second quarter. The index nevertheless remains above its long-term average. The economic climate deteriorated due to both less favourable assessments of the current economic situation and slightly more sceptical business expectations. According to the survey results, economic growth will reach 1.6 percent this year. There are still no signs of a sweeping economic recovery in the euro area. Details

  5. Credit Constraint Indicator - From the Ifo Business Survey for April 2016

    Credit Constraints Hit Historic Low

    Apr 29, 2016: The credit constraints for industry and trade plunged to a historic low of 14.2 percent in April from 15.2 percent last month. Credit constraints dropped in all sectors, marking a further improvement in the financing environment for German companies. This was mainly due to the European Central Bank flooding the markets with money. Details

  6. Results of the Ifo Business Survey for April 2016

    Ifo Business Climate Index for Eastern Germany Rises Slightly

    Apr 28, 2016: The Ifo Business Climate Index for the eastern German Länder rose again slightly in April after three consecutive decreases. Eastern German survey participants’ assessments of their current business situation were marginally better than last month. Their business expectations also brightened slightly. Details

  7. Ifo Employment Barometer - Results of the Ifo Business Survey for April 2016

    German Companies Plan to Recruit More Staff

    Apr 27, 2016: German companies are planning to recruit more staff. After three consecutive decreases, the Ifo Employment Barometer rose to 108.1 points in April from 107.4 points in March and the employment dynamic gained impetus. Details

  8. Ifo Export Expectations - Ifo Business Survey for April 2016

    Export Expectations Fall

    Apr 26, 2016: German companies are less confident in export growth. Export expectations fell to 4.0 balance points in March from 6.3 points in April. The flagging dynamic in the world economy is continuing to curb growth in German exports. Details

  9. Results of the April 2016 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator Rises

    Apr 25, 2016: Sentiment firmed in the services sector this month. After three consecutive decreases, the indicator rose to 27.8 balance points from 24.1 balance points last month. Service providers’ assessments of the current business situation improved significantly. Their business expectations improved compared to March. Service providers are planning to recruit a slightly higher number of staff than in recent months. Details

  10. Results of the April 2016 Ifo Business Survey

    Ifo Business Climate Edges Downwards

    Apr 25, 2016: The mood in the German economy remains positive. The Ifo Business Climate Index for German industry and trade dropped to 106.6 points in April from 106.7 points in March. Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again. The moderate upturn in the German economy continues. Details

15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

This year’s Summit will deal with the ramifications of the largest migration wave in the post-war period, which is putting a serious strain on the European community. It threatens to create a new fault line splitting the EU, in addition to the one that yawned during the euro crisis. The Summit will not only discuss the causes of the current refugee crisis, but most crucially how the currently challenging state of affairs can be turned into a win-win situation for both the newcomers and Europe’s ageing societies. How can a comprehensive integration of refugees and migrants be best accomplished? How can Europe contribute to solving the causes of the refugee crisis? How are the source countries being affected by the massive exodus, and how can such countries be effectively integrated into a dialogue? read on 15th Munich Economic Summit: “Migration – Challenge or Opportunity?"

Next Events

  1. Zur Baukonjunktur in Europa: Die Prognosen des EUROCONSTRUCT-Netzwerks

    • 25.05.2016, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Ludwig Dorffmeister
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

  2. Vision, Rules and Leadership

    • 30.05.2016, 06:00 PM - 07:30 PM
    • Munich Seminar
    • Anna Diamantopoulou, President of DIKTIO – Network for Reform in Greece and Europe, Richard von Weizsäcker Fellow at the Robert Bosch Academy in Berlin
    • Ifo Institute, Ludwig-Erhard-Hall, Poschingerstr. 5, 81679 Munich

  3. Collusion in Auctions with Constrained Bids: Theory and Evidence from Public Procurement

    • 31.05.2016, 05:00 PM - 06:15 PM
    • Hans Möller Seminar
    • Sylvain Chassang, Princeton University
    • International Economics, Ludwigstr. 28/II, Library (room 221)

  4. Geodaten – Landesamt für Statistik, Bayern

    • 01.06.2016, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Herr Scheugenpflug / Herr Schweitzer
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

  5. Avoiding Taxes: Banks' Use of Internal Debt

    • 02.06.2016, 12:00 PM - 02:00 PM
    • Public Economics Seminar
    • Franz Reiter, LMU Munich
    • CES, Schackstr. 4/II, seminar room (207)

Just released

  1. Cover Image Felbermayr, Gabriel, Meinhard Knoche and Ludger Wößmann (Hrsg.), Hans-Werner Sinn und 25 Jahre deutsche Wirtschaftspolitik, Hanser, München, 2016, 281 , Information | Details

  2. Cover Image Sinn, Hans-Werner, Der Euro: Von der Friedensidee zum Zankapfel, Hanser Verlag, 2015, 480 , Information | Details


  1. Cover Image "CESifo World Economic Survey May 2016", Ifo Institute, Munich, 2016 | Details | PDF Download

  2. Cover Image "ifo Schnelldienst 09/2016", ifo Institut, München, 2016, 03-48 | Details | PDF Download | EPUB Download

  3. Cover Image "CESifo DICE Report 1/2016 (Spring): Taxation of Pensions", Ifo Institute, Munich, 2016, 01-80, Section: Forum | Details | PDF Download

  4. Cover Image "ifo-GfK-Konsumreport 04/2016", ifo Institut; GfK Marktforschung, München; Nürnberg, 2016 | Details | PDF Download

  5. Cover Image "ifo Konjunkturperspektiven 04/2016", ifo Institut, München, 2016 | Details

  6. Cover Image "CESifo Forum 1/2016 (Spring): An Economic Agenda for Croatia", Ifo Institute, Munich, 2016, 03-97 | Details | PDF Download | EPUB Download

  7. Cover Image "ifo Schnelldienst 08/2016", ifo Institut, München, 2016, 03-59 | Details | PDF Download | EPUB Download

Working Paper

  1. Cover Image Cinnirella, Francesco and Ruth Maria Schueler, "The Cost of Decentralization: Linguistic Polarization and the Provision of Education", CESifo Working Paper No. 5894, May 2016 | Details | PDF Download

  2. Cover Image Gouda, Moamen and Niklas Potrafke, "Gender Equality in Muslim-Majority Countries", CESifo Working Paper No. 5883, May 2016 | Details | PDF Download

  3. Cover Image Felbermayr, Gabriel, "Economic Analysis of TTIP", Ifo Working Paper No. 215, 2016 | Details | PDF Download

  4. Cover Image Potrafke, Niklas and Markus Reischmann, "How to Handle the Crisis in Greece? Empirical Evidence Based on a Survey of Economics Experts", CESifo Working Paper No. 5860, April 2016 | Details | PDF Download

  5. Cover Image Apps, Patricia and Ray Rees, "Optimal Taxation, Income Inequality and the Household", CESifo Working Paper No. 5845, April 2016 | Details | PDF Download

  6. Cover Image Karmann, Alexander, Felix Rösel and Markus Schneider, " Produktivitätsmotor Gesundheitswirtschaft: Finanziert sich der medizinisch-technische Fortschritt selbst?", Ifo Working Paper No. 214, 2016 | Details | PDF Download

  7. Cover Image Felbermayr, Gabriel, Jasmin Gröschl and Thomas Steinwachs, "The Trade Effects of Border Controls: Evidence from the European Schengen Agreement", Ifo Working Paper No. 213, 2016 | Details | PDF Download

  8. Cover Image Sen, Suphi, Bertrand Melenberg and Herman R. J. Vollebergh, "Identification and Estimation of the Environmental Kuznets Curve: Pairwise Differencing to Deal with Nonlinearity and Nonstationarity", CESifo Working Paper No. 5837, March 2016 | Details | PDF Download

  9. Cover Image Butz, Alexander and Klaus Wohlrabe, "Die Ökonomen-Rankings 2015 von Handelsblatt, FAZ und RePEc: Methodik, Ergebnisse, Kritik und Vergleich", Ifo Working Paper No. 212, 2016 | Details | PDF Download

  10. Cover Image Qian, Xingwang and Andreas Steiner, "International Reserves, External Debt Maturity, and the Reinforcement Effect for Financial Stability", Ifo Working Paper No. 211, 2016 | Details | PDF Download