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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. Evaluation of Ifo Economic Forecasts

    teaserImage It is not always possible to forecast the business cycle accurately. Like all predictions, the economic forecasts made by the Ifo Institute also vary to some extent from the official statistics published at a later date. In the interests of transparency, a new article documents and evaluates Ifo’s economic forecasts of real gross domestic product (GDP) in reunified Germany since 1991. Details

  2. Is Energy Storage the Stepchild of the German Energy Turnaround?

    teaserImage Although resolving the energy storage issue is unquestionably central to the energy turnaround’s success, it has been neglected by both politicians and business for a long time. Which technologies are currently available and when will they be ready for the market? How are they to be evaluated economically and ecologically? These are just some of the key issues that will be analysed as part of the 3rd energy policy workshop on 16 September 2014. The event will be jointly organised by the Ifo Institute and the University of Applied Sciences Weihenstephan-Triesdorf will take place at the Ifo Institute. Details

  3. Germans Favour Compulsory Preschool and the Abolition of Fees – Results of the First Ifo Education Barometer

    teaserImage Germans are in favour of compulsory preschool attendance (86 percent), the abolition of preschool fees (84 percent) and a whole-day school system with lessons until 3 p.m. (60 percent). The majority of Germans (51 percent) is opposed to childcare subsidies for stay-at-home parents. Moreover, Germans are in favour of a nationwide exit exam for the Abitur (A-level equivalent) and think that it is important that the country performs well in the PISA test. These are the results of the first Ifo Education Barometer, a new, comprehensive and representative public opinion survey of over 4,000 Germans supported by the Leibniz Association. Details

  4. Germany on Track To Become World Champion in Capital Exports

    teaserImage After winning the Football World Cup Germany is also on track to become world champion in capital exports in 2014. The German current account, which is forecast to total 280 billion US dollars for 2014, is once again higher than that of China, which is expected to post a surplus of around 230 billion US dollars this year. Lagging some way behind in third place is oil exporter Saudi Arabia. In Germany the main driving force is trade in goods, which by July had already generated a surplus of 133 billion euros. Details

  5. Law and Economics

    teaserImage The latest issue of CESifo Economic Studies, published by Oxford University Press on behalf of CESifo, tackles issues at the intersection of economics and law, from marriage as a contract through crime and punishment to the relevance of judicial procedure for economic growth. Details

  1. Regional evaluation for Saxony of the Ifo Business Survey in August 2014

    Positive Economic Development in Saxony with Mid-year Damper

    Sep 10, 2014: The Ifo Business Climate Index for industry and trade in Germany fell in August to 106.3 points from 108.0 in the previous month. The business climate index for the eastern German states, and for Saxony in particular, also deteriorated. As in the previous month, the climate indicator for Saxony weakened to a lesser extent in comparison to the results for Germany and eastern Germany. The Saxon companies are no longer as satisfied with their current business as in July. The business outlook, however, has improved – business expectations are clearly more favourable. The positive state of the economy in Saxony is also being dampened as a result of the ongoing international tensions. Details

  2. Ifo Export Climate for July 2014

    Ifo Export Climate Indicator Falls

    Sep 3, 2014: The Ifo Export Climate indicator fell in July to 0.35 index points after having stood in the two previous months at 0.40 index points. The moderate decrease was due to the deterioration of business and consumer confidence abroad. Details

  3. Credit Constraint Indicator - From the Ifo Business Survey for August 2014

    Financing Conditions in Germany Continue to be Excellent

    Aug 29, 2014: German companies continue to have easy access to bank loans. The credit constraint indicator for German industry and trade fell in August to 17.9 percent, compared with 18.2 percent the previous month. The credit constraint indicator has now been below the 20% mark for 16 months. Financing conditions for German firms continue to be excellent. Details

  4. Results of the Ifo Investment Survey for German manufacturing in Spring 2014

    German Manufacturing: 2014 Sees Significant Increase in Investment

    Aug 28, 2014: German manufacturers invested 55 billion euros in new fixed assets, according to the results of the latest Ifo Investment Survey. This means that investments were higher than in 2012, but not as high as originally planned. The level of investment was around 1% higher than in 2012 in both nominal and real terms. According to original investment planning, a 4% increase was planned. Details

  5. Results of the Ifo Business Survey for August 2014

    Renewed Worsening of the Ifo Business Climate for Eastern Germany

    Aug 28, 2014: The Ifo Business Climate Index for industry and trade in the eastern German states fell in August from 109.0 in the previous month to 108.4 index points. The eastern German survey respondents are not as satisfied with their current situation as last month. The expectations for the future course of business, however, remain almost unchanged in August. The positive current state of the eastern German economy has become a bit cloudier in August. Details

  6. Ifo Employment Barometer - Results of the Ifo Business Survey for August 2014

    German Firms Show Increased Willingness to Hire Despite Geopolitical Crises

    Aug 27, 2014: Despite the geopolitical tension, German companies’ propensity to hire has strengthened. The Ifo Employment Barometer for Germany rose in August to 107.0 index points, after 106.0 in July. The main driver of this development was the service sector, which is mainly domestically oriented and thus less affected by global political events. Details

  7. Results of the August 2014 Ifo Business Survey

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

    Aug 25, 2014: The Ifo Business Climate Indicator for the German service sector declined in August to 20.1 balance points, from 22.4 in the previous month. Although the assessments of the current situation have improved significantly, the expectations for the next six months have clouded over noticeably. Nevertheless, the service companies plans to recruit clearly more additional staff. Details

  8. Results of the August 2014 Ifo Business Survey

    Ifo Business Climate Index in Further Decline

    Aug 25, 2014: The Ifo Business Climate Index for industry and trade in Germany fell in August to 106.3 points from 108.0 in the previous month. The firms were again less satisfied with their current business situation. Also with regard to the further course of business, they are more sceptical than in the previous month. The German economy continues to lose steam. Details

  9. Results of the Ifo World Economic Survey (WES) of 3rd quarter 2014 (13 August 2014)

    Ifo World Economic Climate Brightens Slightly

    Aug 13, 2014: The Ifo Index for the world economy rose to 105.0 points from 102.3 points in the previous quarter. Both assessments of the current economic situation, as well as the economic outlook, improved somewhat versus April. World economic activity remains on the rise. The risks, however, have grown: almost three quarters of the WES experts surveyed believe that rising energy prices and supply shortages pose a moderate to high potential threat to the world economy. Details

  10. Regional evaluation for Saxony of the Ifo Business Survey in July 2014

    Despite Geopolitical Tensions Saxony’s Capital Goods Industry Remains Buoyant

    Aug 10, 2014: The Ifo Business Climate Index for German trade and industry fell to 108.0 points in July from 109.7 points in the previous month. The climate indicators for Eastern Germany and Saxony also dipped slightly. However the decline for Saxony was far smaller than for Germany and the Eastern German Länder, and was due to a less favourable outlook for future business developments. The current business situation, by contrast, was assessed more favourably than in June. The Saxon economy is proving extremely robust to geopolitical tensions, even although it cannot completely escape their influence. Details

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. New Developments in the Economics of Aging and Longevity, Part I

    • 23.09.2014, 10:15 AM - 11:45 AM
    • CES Lecture
    • Holger Strulik, University of Göttingen
    • Schackstr. 4/II, seminar room (207)

    The Economics of Human Aging and Longevity: Accumulation of Health Capital vs. Accumulation of Health Deficits

  2. New Developments in the Economics of Aging and Longevity, Part II

    • 24.09.2014, 10:15 AM - 11:45 AM
    • CES Lecture
    • Holger Strulik, University of Göttingen
    • Schackstr. 4/II, seminar room (207)

    Optimal Aging and Death

  3. Aktuelle Herausforderungen der Energiewende

    • 24.09.2014, 06:30 PM - 08:00 PM
    • Dresdner Vorträge zur Wirtschaftspolitik
    • Prof. Dr. Erik Gawel, Departmentleiter Ökonomie am Helmholtz-Zentrum für Umweltforschung (UFZ) Leipzig und Direktor des Instituts für Infrastruktur- und Ressourcenmanagement der Universität Leipzig
    • ifo Niederlassung Dresden, Einsteinstraße 3, Dresden

  4. New Developments in the Economics of Aging and Longevity, Part III

    • 25.09.2014, 10:15 AM - 11:45 AM
    • CES Lecture
    • Holger Strulik, University of Göttingen
    • Schackstr. 4/II, seminar room (207)

    Optimal Education and Retirement with Biologically Founded Aging

  5. Modelling and Estimating Spillover Effects, Part I

    • 07.10.2014, 10:15 AM - 11:45 AM
    • CES Lecture
    • Harald Badinger, WU Wien
    • Schackstr. 4/II, seminar room (207)

    Spatial Econometric Approach: Methods and Applications

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


  1. Cover Image "ifo Schnelldienst 17/2014", ifo Institut, München, 2014, 01-72 | Details

  2. Cover Image "ifo-GfK-Konsumreport 08/2014 ", ifo Institut; GfK Marktforschung, München; Nürnberg, 2014 | Details | PDF Download

  3. Cover Image "ifo Konjunkturperspektiven 08/2014", ifo Institut, München, 2014 | Details

  4. Cover Image "ifo Schnelldienst 16/2014", ifo Institut, München, 2014, 03-53 | Details

  5. Cover Image "CESifo World Economic Survey August 2014", Ifo Institute, Munich, 2014 | Details | PDF Download


  1. Cover Image Benz, Sebastian, Essays on Offshoring, Wage Inequality and Innovation, ifo Beiträge zur Wirtschaftsforschung 56, ifo Institut, 2014 | Details

Working Paper

  1. Cover Image Felfe, Christina and Judith Saurer, "Granting Birthright Citizenship - A Door Opener for Immigrant Children's Educational Participation and Success", CESifo Working Paper No. 4959, September 2014 | Details | PDF Download

  2. Cover Image Nagl, Wolfgang and Michael Weber, "Unemployment compensation and unemployment duration before and after the German Hartz IV reform", Ifo Working Paper No. 186, 2014 | Details | PDF Download