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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. Visual Storytelling: Press Freedom

    teaserImage The Press Freedom Index published by Reporters Without Borders gauges freedom of the press within a country. Developments in the index are illustrated graphically in DICE database using Visual Storytelling. While the degree of press freedom varies in many countries over the years, China consistently scores lowest in this respect. Details

  2. Guest Researchers in March

    teaserImage Andrei A. Levchenko, University of Michigan, will visit the Ifo Institute in March. The Center for Economic Studies (CES) will welcome Oguzhan Dincer, Illinois State University, Thomas Gresik, University of Notre Dame, Roland Hodler, University of St. Gallen, and Stephen Yeaple, The Pennsylvania State University. Details

  3. Capital Flight from Greece Accelerates Dramatically

    teaserImage Capital flight from Greece accelerated dramatically in January. Last month Greece’s Central Bank asked the other central banks in the Eurozone, as well as the ECB head office, to fill foreign bank accounts with a net sum of almost 27 billion euros. The Eurosystem thus effectively granted Greece over a billion euros per working day in additional overdraft credit. This was revealed by the latest figures released by the Greek central bank. Details

  4. Credit Constraints Hit Historic Low Once Again

    teaserImage Credit constraints for German companies fell to 16.2 percent in February from 17.1 percent last month, taking them 0.9 percentage points below the historic low reached in January. The flood of money expected from the European Central Bank seems to be encouraging banks to further ease their already loose credit constraints. Details

  5. Europe in Crisis

    teaserImage What can be done in Europe to achieve an upwards revision in EU growth forecasts and to restore Europe’s competitiveness? This issue is discussed in ifo Schnelldienst 4/2015 by Werner Hoyer, President of the European Investment Bank, and Dirk Niepelt, Studienzentrum Gerzensee and University of Bern. Details

  1. Credit Constraint Indicator - From the Ifo Business Survey for February 2015

    Credit Constraints Hit Historic Low Once Again

    Feb 27, 2015: Credit constraints for German companies fell to 16.2 percent in February from 17.1 percent last month, taking them 0.9 percentage points below the historic low reached in January. The flood of money expected from the European Central Bank seems to be encouraging banks to further ease their already loose credit constraints. Details

  2. Results of the Ifo Investment Survey for German manufacturing in Fall 2014

    German Manufacturing: Willingness to Invest Rises

    Feb 26, 2015: German manufacturers invested around 55 billion euros in new fixed assets, according to the results of the latest Ifo Investment Survey. This figure was only 3% higher than the previous year’s level. The real increase was of around the same magnitude due to the relatively stable price of capital goods in 2014. Original investment plans featured a 9% increase. Details

  3. Results of the Ifo Business Survey for February 2015

    Ifo Business Climate Index for Eastern German Länder Remains on the Rise

    Feb 26, 2015: The Ifo Business Climate for the Eastern German Länder improved for the third month in succession. The satisfaction of Eastern German companies with their current business situation rose markedly this month. Survey participants in Eastern Germany are also no longer as pessimistic about future business developments as previously. The pace of positive developments in the Eastern German economy picked up. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for February 2015

    German Firms Recruit Fewer Staff

    Feb 25, 2015: German firms proved slightly less willing to recruit new staff this month. The Ifo Employment Barometer fell to 106.8 index points in February from 108.1 index points in January. There were setbacks in the service sector and a growing number of bright spots in manufacturing. Details

  5. Results of the February 2015 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator for the Service Sector Falls

    Feb 23, 2015: The Ifo Business Climate Indicator for the German service sector fell to 22.7 balance points in February, from 24.6 points last month. Service providers were clearly less satisfied with their current business situation, but expressed greater optimism about future business. Firms still plan to recruit additional staff, although to a lesser extent than in January. Details

  6. Results of the February 2015 Ifo Business Survey

    Ifo Business Climate Index Edges Upwards

    Feb 23, 2015: The Ifo Business Climate Index for industry and trade in Germany rose to 106.8 points in February from 106.7 points last month. Satisfaction with the current business situation decreased somewhat, but companies expressed greater confidence in future business developments. The German economy is proving robust in the face of geopolitical uncertainty. Details

  7. Regional evaluation for Saxony of the Ifo Business Survey in January 2015

    Saxony’s Economy Makes a Dynamic Start to 2015

    Feb 13, 2015: The Ifo Business Climate Index for German trade and industry rose to 106.7 points in January from 105.5 points in the previous month. The Saxon climate indicator also showed a similarly sharp increase; while the improvement in the Eastern German business climate, by contrast, was more moderate. Saxon survey participants assessed their current business as significantly better than last month. There was no change in the overall six-month business outlook. The Saxon economy entered the New Year still riding on the back of the recent upswing seen in the fourth quarter of 2014. Details

  8. Results of the Ifo World Economic Survey (WES) of 1st quarter 2015 (12 February 2015)

    Ifo World Economic Climate Remains Almost Unchanged

    Feb 12, 2015: The Ifo Index for the world economy edged upwards to 95.9 points after tumbling to 95.0 points last quarter. The improvement in the world economic climate was entirely due to slightly more positive economic expectations. Assessments of the current economic situation remained at last quarter’s level. Overall, the world economy showed little dynamism, but there are significant regional differences. Details

  9. Advance results of the Ifo World Economic Survey (WES) of 1st quarter 2015 (05 February 2015)

    Ifo Economic Climate in the Euro Area Brightens

    Feb 5, 2015: The Ifo Index for the economic climate in the euro area rose to 112.7 points in the first quarter from 102.3 points last quarter. It is now above its long-term average of 106.1 points. Assessments of both the current economic situation and of the six-month economic outlook brightened. There are signs of an economic recovery in the euro area. Experts expect to see a price increase of 0.7% in 2015 and an annual inflation rate of around 1.6% over the next three to five years. Details

  10. Ifo Export Climate for December 2014

    Corporate Confidence in the USA Constrains Ifo Export Climate

    Feb 4, 2015: The Ifo Export Climate fell to 0.23 index points in December, from 0.37 points in the previous month. Corporate and consumer confidence abroad dropped compared to last month. Germany’s price competitiveness had a slightly constraining effect on the export climate, which deteriorated somewhat in December, after improving for seven consecutive months. Details

Seminar series

Wirtschaftspolitik aus dem Labor

Wirtschaftspolitik aus dem Labor

Dresdner Vortrag zur Wirtschaftspolitik am 15.04.2014 mit Prof. Dr. Joachim Weimann, Professor für Volkswirtschaftslehre an der Otto-von-Guericke-Universität Magdeburg, mit dem Titel "Wirtschaftspolitik aus dem Labor: Warum wir Staatsverschuldung zustimmen, Steuern nicht richtig wahrnehmen und falsche Klimaverhandlungen führen". read on Wirtschaftspolitik aus dem Labor

The Role of Financial Stability in Monetary Policy

The Role of Financial Stability in Monetary Policy

Munich Seminar on 25 March 2015 with Dr. Jens Weidmann, President of the Deutsche Bundesbank read on The Role of Financial Stability in Monetary Policy

Next Events

  1. CESifo Area Conference on Applied Microeconomics

    • 06.03.2015, 09:00 AM - 07.03.2015, 05:00 PM
    • CESifo Area Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    The purpose of the conference is to bring together CESifo members to present and discuss their ongoing research, and to stimulate interaction and co-operation between them. All CESifo research network members are invited to submit their papers, which may deal with any topic within the broad domain of Applied Microeconomics (industrial organisation, experimental and behavioural economics, market regulation, banking and finance, auctions). The keynote lecture will be delivered by Thomas Mariotti from the Toulouse School of Economics.

  2. 5. Workshop 'Arbeitsmarkt und Sozialpolitik'

    • 19.03.2015, 12:00 AM - 20.03.2015, 12:00 AM
    • Ifo Workshop
    • Ifo Institute, Dresden Branch

    Der zweitägige Workshop wird gemeinsam von der Dresdner Niederlassung des ifo Instituts und der Technischen Universität Dresden organisiert. Er soll ein Forum für aktuelle Forschungsergebnisse aus den Bereichen Arbeitsmarkt und Sozialpolitik bieten und gleichzeitig zur besseren Vernetzung von Nachwuchswissenschaftlern beitragen. Willkommen sind Vortragsangebote sowohl mit theoretischer als auch mit empirischer Ausrichtung aus allen Teilgebieten der Arbeitsmarktforschung und Sozialpolitik. Details

  3. The Role of Financial Stability in Monetary Policy

    • 25.03.2015, 06:00 PM - 07:30 PM
    • Munich Seminar
    • Dr. Jens Weidmann, President of the Deutsche Bundesbank
    • Ifo Institute, Ludwig-Erhard-Hall, Poschingerstr. 5, 81679 Munich

  4. International Trade, Monopolistic Competition and Gravity

    • 14.04.2015, 10:15 AM - 11:45 AM
    • CES Lecture
    • Dennis Novy, University of Warwick
    • Schackstr. 4/II, seminar room (207)

    Monopolistic Competition and International Trade

  5. Hans Möller Seminar

    • 14.04.2015, 05:00 PM - 06:15 PM
    • Hans Möller Seminar
    • Efraim Benmelech, Northwestern University
    • International Economics, Ludwigstr. 28/II, Library (room 221)

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 Schnelldienst 04/2015", ifo Institut, München, 2015, 03-51 | Details

  2. Cover Image Bertola, Giuseppe, John Driffill, Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Ákos Valentinyi, "The EEAG Report on the European Economy 2015: Blurring the borders", CESifo Group Munich, Munich, 2015, 1-108, Foreword | Recommendations | Summary | Details | PDF Download

  3. Cover Image "CESifo World Economic Survey February 2015", Ifo Institute, Munich, 2015 | Details | PDF Download

  4. Cover Image "ifo Dresden berichtet 1/2015", ifo Institut, Dresden, 2015 | Details | PDF Download

  5. Cover Image "ifo Schnelldienst 03/2015", ifo Institut, München, 2015 | Details

Working Paper

  1. Cover Image Kauder, Björn and Niklas Potrafke, "Globalization and Social Justice in OECD Countries", CESifo Working Paper No. 5210, February 2015 | Details | PDF Download

  2. Cover Image Bartholomae, Florian W., Chang Woon Nam and Alina Schoenberg, "Urban Shrinkage in Eastern Germany", CESifo Working Paper No. 5200, February 2015 | Details | PDF Download