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. Credit Constraints Fall Slightly, Financial Conditions for the German Economy Remain Favourable

    teaserImage German firms can still finance themselves very well with bank credit. The credit constraints for German trade and industry fell to 17.7 percent in October from 18.4 percent in the previous month. The extent to which the ECB’s bank stress tests will influence further developments remains to be seen. Details

  2. The Psychic Cost of Migration

    teaserImage Oliver Falck, Jens Ruhose, both from the Ifo Institute, and Alfred Lameli, University of Marburg, have succeeded for the first time in quantifying the psychic cost of a move to a culturally different location. Their calculations link historical data on dialects from the 19th century with administrative social insurance data and find a wage premium of at least 1 percent on average for overcoming one standard deviation in cultural dissimilarity. The study was published as CESifo Working Paper No. 4992. Details

  3. Ifo Business Climate Index for Eastern Germany Continues To Slide

    teaserImage The Ifo Business Climate for Eastern German trade and industry deteriorated considerably once again in October. Eastern German companies are no longer as satisfied with their current business situation as last month. Moreover, pessimism about future business developments continued to grow. After a strong first six months in terms of the business cycle, positive overall economic developments in Eastern Germany are coming under increasing pressure. Details

  4. Different types of Uncertainty

    teaserImage Uncertainty about the future course of the economy is a possible driver of aggregate fluctuations. In CESifo Working Paper No. 4991 Steffen Henzel, Ifo Institute, and Malte Rengel, University of Göttingen, break down uncertainty into general uncertainty related to the business cycle and uncertainty related to oil and commodities prices. Both types of uncertainty foreshadow a decline in output. Surprise increases in oil and commodity price uncertainty appear to be more important for fluctuations in real activity. Details

  5. German Service Providers Plan to Recruit More Staff

    teaserImage German companies intend to recruit more staff. The Ifo Employment Barometer rose to 107.0 index points, after 106.1 in September. As in August, the main driver of this development was the service sector, which does not seem to be deeply affected by negative business fluctuations. Details

  1. Credit Constraint Indicator - From the Ifo Business Survey for October 2014

    Credit Constraints Fall Slightly, Financial Conditions for the German Economy Remain Favourable

    Oct 31, 2014: German firms can still finance themselves very well with bank credit. The credit constraints for German trade and industry fell to 17.7 percent in October from 18.4 percent in the previous month. The extent to which the ECB’s bank stress tests will influence further developments remains to be seen. Details

  2. Results of the Ifo Business Survey for October 2014

    Ifo Business Climate Index for Eastern Germany Continues To Slide

    Oct 30, 2014: The Ifo Business Climate for Eastern German trade and industry deteriorated considerably once again in October. Eastern German companies are no longer as satisfied with their current business situation as last month. Moreover, pessimism about future business developments continued to grow. After a strong first six months in terms of the business cycle, positive overall economic developments in Eastern Germany are coming under increasing pressure. Details

  3. Ifo Export Climate for September 2014

    Ifo Export Climate Improves

    Oct 29, 2014: The Ifo Export Climate declined to 0.11 index points in August from 0.34 index points in July. The sharp decrease was due to waning corporate and consumer confidence abroad. Price competitiveness improved, thus curbing the deterioration in the export climate. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for October 2014

    German Service Providers Plan to Recruit More Staff

    Oct 29, 2014: German companies intend to recruit more staff. The Ifo Employment Barometer rose to 107.0 index points, after 106.1 in September. As in August, the main driver of this development was the service sector, which does not seem to be deeply affected by negative business fluctuations. Details

  5. Results of the October 2014 Ifo Business Survey

    Ifo Business Climate Index Continues to Fall

    Oct 27, 2014: The Ifo Business Climate Index for industry and trade in Germany fell in October to 103.2 points from 104.7 points in the previous month. Assessments of the current business situation were once again less favourable than last month. Expectations with regard to the six-month business outlook continued to cloud over. The outlook for the German economy deteriorated once again. Details

  6. Results of the October 2014 Ifo Business Survey

    German Service Sector: Ifo Business Climate for Service Sector Improves Clearly

    Oct 27, 2014: The Ifo Business Climate Indicator for the German service sector rose in October to 23.8 balance points, from 19.0 points in the previous month. Service providers were far more satisfied with their current business situation. They were also more optimistic about future business developments and plan to recruit additional staff. Details

  7. Regional evaluation for Saxony of the Ifo Business Survey in September 2014

    Economic Development in Free State of Saxony Cools Down Slowly

    Oct 10, 2014: The Ifo Business Climate Index for German trade and industry fell to 104.7 points in September from 106.3 points in the previous month. The climate indicators for Eastern Germany, as well as for the free state of Saxony, also clouded over markedly. Saxon survey participants are far less optimistic about their six-month business outlook, but assess their current business situation as marginally better than last month. Lasting geopolitical tensions are increasingly undermining the positive underlying trend in the economy. Details

  8. Ifo Export Climate for August 2014

    Ifo Export Climate Deteriorates Significantly

    Oct 1, 2014: The Ifo Export Climate declined to 0.11 index points in August from 0.34 index points in July. The sharp decrease was due to waning corporate and consumer confidence abroad. Price competitiveness improved, thus curbing the deterioration in the export climate. Details

  9. Credit Constraint Indicator - From the Ifo Business Survey for September 2014

    Credit Constraints Increase Slightly, But Financing Conditions for German Companies Remain Very Favourable

    Sep 30, 2014: German companies continue to enjoy very good access to bank loans. Credit constraints for German industry and trade rose slightly to 18.4 percent from 17.9 percent. Financing conditions for German firms remain excellent. Details

  10. Results of the Ifo Business Survey for September 2014

    Ifo Business Climate for Eastern Germany Continues to Cloud Over

    Sep 29, 2014: The Ifo Business Climate Index for Eastern German trade and industry fell for the third consecutive month in September to just 107.3 points. While assessments of the current business situation in Eastern Germany remained almost unchanged compared to August, survey participants are clearly less optimistic about future business developments over the next six months. Geopolitical tensions are increasingly weakening the impetus of the Eastern German economy. Details

New Online Course: “Solution and Innovation Skills”

New Online Course: “Solution and Innovation Skills”

The European Union research project “LLLightinEurope”, in which the Ifo Institute is a participating institution, is offering a comprehensive, open online course (MOOC) entitled “Solution and Innovation Skills” in conjunction with the Digital School of Leuphana University of Lüneburg and the Zeppelin University in Friedrichshafen. The course starts on October 8th this year. With this online-course, the partner universities take up the topic of innovation and participants learn how to develop and implement new ideas. The ten-week course is taught in English and is free of charge and open to everyone. Researchers from such institutions as the Harvard Business School, the MIT Media Lab, the Harvard Kennedy School, and the University of Luxembourg have helped to develop the ideas for this course. read on New Online Course: “Solution and Innovation Skills”

ifo Branchen-Dialog (Ifo Industry Colloquium) 2014

ifo Branchen-Dialog (Ifo Industry Colloquium) 2014

5th November 2014, IHK Akademie München, Orleansstrasse 10–12.
The Ifo Industry Colloquium is conducted by the Ifo Institute in cooperation with the Chamber of Commerce and Industry for Munich and Upper Bavaria, and with the support of the Bavarian Ministry of Economic Affairs and Media, Energy and Technology. It is held in German. read on ifo Branchen-Dialog (Ifo Industry Colloquium) 2014

Next Events

  1. tba

    • 03.11.2014, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • Bénédicte Apouey
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH B 037

  2. Internal Seminar of the CESifo Group

    • 03.11.2014, 12:00 PM - 01:00 PM
    • Internal Seminar of the CESifo Group
    • Thomas Lambert, Université catholique de Louvain
    • CES, Schackstr. 4/II, seminar room (207)

  3. ifo Branchen-Dialog (Ifo Industry Colloquium) 2014

    • 05.11.2014, 09:15 AM - 05:30 PM
    • ifo Branchen-Dialog (Ifo Industry Colloquium)
    • IHK-Akademie München, Orleansstraße 10-12, Munich

    This event provides a platform for discussing business-cycle and economic trends from the viewpoint of policymakers and business leaders. The economic outlook as presented in the autumn Joint Economic Forecast will be discussed and analysed at the industry level. This event is in German only.

  4. When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health

    • 05.11.2014, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Timo Hener
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

    The presentation will be given in English.

  5. tba

    • 10.11.2014, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • Robert Marx
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH B 037

Just released

  1. Cover Image Sinn, Hans-Werner, The Euro Trap. On Bursting Bubbles, Budgets, and Beliefs, Oxford University Press, Oxford, 2014, 416 , Information | Details

  2. Cover Image Sinn, Hans-Werner, Gefangen im Euro, Redline Verlag, München, 2014, 224 , Information | Details

Journals

  1. Cover Image "ifo Dresden berichtet 5/2014", ifo Institut, Dresden, 2014 | Details | PDF Download

  2. Cover Image "ifo Schnelldienst 20/2014", ifo Institut, München, 2014, 03-61 | Details

  3. Cover Image "CESifo DICE Report 3/2014 (Autumn): Public-Private Partnerships", Ifo Institute, Munich, 2014, 01-64 | Details | PDF Download

  4. Cover Image "ifo Schnelldienst 19/2014", ifo Institut, München, 2014, 03-48 | Details

  5. Cover Image "ifo-GfK-Konsumreport 09/2014", ifo Institut; GfK Marktforschung, München; Nürnberg, 2014 | Details | PDF Download

  6. Cover Image "ifo Konjunkturperspektiven 09/2014", ifo Institut, München, 2014 | Details

Working Paper

  1. Cover Image Meier, Volker and Helmut Rainer, "Daddy Months", CESifo Working Paper No. 5033, October 2014 | Details | PDF Download

  2. Cover Image Becker, Raphael N., Arye L. Hillman, Niklas Potrafke and Alexander H. Schwemmer, "The Preoccupation of the United Nations with Israel: Evidence and Theory", CESifo Working Paper No. 5034, October 2014 | Details | PDF Download

  3. Cover Image Seiler, Christian and Klaus Wohlrabe, "How Robust are Journal Rankings Based on the Impact Factor? Evidence from the Economic Sciences", CESifo Working Paper No. 5036, October 2014 | Details | PDF Download

  4. Cover Image Battisti, Michele, Gabriel J. Felbermayr, Giovanni Peri and Panu Poutvaara, "Immigration, Search, and Redistribution: A Quantitative Assessment of Native Welfare", CESifo Working Paper No. 5022, October 2014 | Details | PDF Download

  5. Cover Image Felbermayr, Gabriel J., Benedikt Heid, Mario Larch and Erdal Yalcin, "Macroeconomic Potentials of Transatlantic Free Trade: A High Resolution Perspective for Europe and the World", CESifo Working Paper No. 5019, October 2014 | Details | PDF Download

  6. Cover Image Auer, Wolfgang and Natalia Danzer, "Fixed-Term Employment and Fertility: Evidence from German Micro Data", Ifo Working Paper No. 190, 2014 | Details | PDF Download

  7. Cover Image Rösel, Felix, "Co-Partisan Buddies or Partisan Bullies? Why State Supervision of Local Government Borrowing Fails", Ifo Working Paper No. 189, 2014 | Details | PDF Download

  8. Cover Image Kauder, Björn, "Incorporation of Municipalities and Population Growth – A Propensity Score Matching Approach", Ifo Working Paper No. 188, 2014 | Details | PDF Download