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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. Brexit – Information on the Current Debate

    teaserImage In a referendum held on 23 June 2016 the citizens of Britain voted in favour of leaving the European Union. The Ifo Institute examined the implications of a Brexit back in 2015 in a study conducted on behalf of the Bertelsmann Foundation. The various scenarios and current assessments by Ifo staff are now bundled in our Brexit topic. Details

  1. Weakened Export Expectations in German Industry

    teaserImage German industry is again anticipating fewer orders from abroad. Export expectations fell from 5.0 balance points in July to 4.7 points in August. The Brexit vote is showing its effect. Details

  2. Rising Real-estate prices and an Increasing Housing Shortage: An Unbalanced Housing Market?

    teaserImage Although more and more money is flowing into the real estate market, the housing shortage in urban areas is increasing. Especially the discrepancy between the supply and demand for "affordable" housing is growing. In the big cities and high-priced regions, construction activity is primarily focused on the completion of condominiums or expensive rental units, while too little low-cost housing is being built. Can greater government promotion or a relaxation of existing planning regulations provide the proper strategy for ensuring a sufficient supply of affordable housing? This is the topic discussed in ifo Schnelldienst 16/2016 by Andreas Mense, University Erlangen-Nuremberg, Eva Lohse, Mayor of Ludwigshafen and President of the German Association of Cities, Jan Mutl and Heiko Kirchhain, EBS University of Business and Law, Wiesbaden, Reiner Braun, empirica AG and Andreas Dombret, German Bundesbank. Details

  3. Clear Worsening of the Ifo Business Climate

    teaserImage Business confidence in Germany has clearly worsened. The Ifo Business Climate Index fell from 108.3 points in July to 106.2 points in August. Both the current business situation and the expectations for the next six months were assessed more poorly by the companies than in the previous month. The German economy has fallen into a summer slump. Details

  4. German Service Sector: Ifo Business Climate Indicator Rises Again

    teaserImage In the service sector, business confidence has brightened again. The indicator rose from 27.7 balance points in July to 29.5. The service providers reported an improved current situation. They also assume that business will grow in the coming months. Accordingly, more firms now intend to hire new employees. Details

  5. Ifo Dresden Calls for More Vigorous Growth Policies

    teaserImage The Dresden branch of the Ifo Institute is calling for more vigorous growth policies. A recent study estimates that average annual GDP growth will match the average German rate only in Saxony in Brandenburg in the period 2015 to 2030. The other eastern German states can expect, in some cases, extremely low growth rates. Details

  1. Ifo Export Expectations - Ifo Business Survey for August 2016

    Weakened Export Expectations in German Industry

    Aug 26, 2016: German industry is again anticipating fewer orders from abroad. Export expectations fell from 5.0 balance points in July to 4.7 points in August. The Brexit vote is showing its effect. Details

  2. Results of the August 2016 Ifo Business Survey

    Clear Worsening of the Ifo Business Climate

    Aug 25, 2016: Business confidence in Germany has clearly worsened. The Ifo Business Climate Index fell from 108.3 points in July to 106.2 points in August. Both the current business situation and the expectations for the next six months were assessed more poorly by the companies than in the previous month. The German economy has fallen into a summer slump. Details

  3. Results of the August 2016 Ifo Business Survey

    German Service Sector: Ifo Business Climate Indicator Rises Again

    Aug 25, 2016: In the service sector, business confidence has brightened again. The indicator rose from 27.7 balance points in July to 29.5. The service providers reported an improved current situation. They also assume that business will grow in the coming months. Accordingly, more firms now intend to hire new employees. Details

  4. Results of the Ifo World Economic Survey (WES) of 3rd quarter 2016 (11 August 2016)

    Ifo World Economic Climate Suffers Setback

    Aug 11, 2016: The Ifo Index for the world economy fell by 4.5 index points to 86.0 in the third quarter, dipping to its lowest level in over three years at ten index points below its long-term average. These results contrast with the improvement seen last quarter. Experts’ assessments of the current economic situation remain unfavourable, while their economic expectations are far more negative than last quarter. Sentiment in the world economy is subdued. Details

  5. Regional evaluation for Saxony of the Ifo Business Survey in July 2016

    Ifo Business Climate Index for Saxony Falls

    Aug 10, 2016: The Ifo Business Climate Index for trade and industry in the Free State of Saxony fell slightly in July. Saxon companies were less satisfied with their current business situation than in June, and also downwardly revised their business expectations somewhat. Sentiment weakened in July both in eastern Germany and in the country as a whole. Details

  6. Advance results of the Ifo World Economic Survey (WES) of 3rd quarter 2016 (04 August 2016)

    Ifo Economic Climate in the Euro Area Remains Overcast

    Aug 4, 2016: Economic sentiment in the euro area weakened this quarter, although the deterioration was only marginal. The Ifo Index for the economic climate in the euro area fell to 111.6 points in the third quarter from 112.7 points in the second quarter, but nevertheless remains way above its long-term average. The deterioration in the economic climate was entirely due to less positive assessments of the economic outlook. The current economic situation, by contrast, improved. The economic recovery in the euro area continued this quarter, but lacked impetus. Details

  7. Credit Constraint Indicator - From the Ifo Business Survey for July 2016

    Credit Constraints Rise Marginally

    Jul 29, 2016: Credit constraints for German trade and industry edged upwards from 14.5 percent in June to 14.6 percent in July. This figure represents the share of companies reporting problems accessing bank credit. The financing environment, especially for banking credit, remains very good for German companies. Details

  8. Results of the Ifo Business Survey for July 2016

    Ifo Business Climate Index for Eastern Germany Falls

    Jul 28, 2016: The Ifo Business Climate for trade and industry in the eastern German Länder clouded over somewhat in July on a seasonally adjusted basis. Eastern German companies were markedly less satisfied with their current business situation than in June. They were, however, marginally more optimistic about business developments for the months ahead. Details

  9. Ifo Employment Barometer - Results of the Ifo Business Survey for July 2016

    German Companies Continue Search for Staff

    Jul 27, 2016: Potentially higher uncertainty in the wake of the Brexit vote failed to have any negative influence on German companies’ willingness to recruit staff this month. The Ifo Employment Barometer edged upwards to 108.1 index points in July and German companies still plan to recruit additional staff, especially in the service sector. Details

  10. Ifo Export Expectations - Ifo Business Survey for July 2016

    Export Expectations Fall

    Jul 26, 2016: German business expect fewer stimuli from abroad. Their export expectations fell from 7.9 balance points in June to 5.0 balance points in July. The decline is partly due to uncertainty caused by the Brexit vote. Details

ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

The Ifo Industry Colloquium provides a platform for competent and controversial discussions of economic and structural trends. It also critically discusses the economic analysis provided by the joint forecast of the German research institutes and applies this analysis at an industry level.

9th November 2016, IHK Akademie München, Orleansstrasse 10–12. read on ifo Branchen-Dialog (Ifo Industry Colloquium) 2016

Next Events

  1. CESifo Area Conference on Economics of Education

    • 02.09.2016, 09:00 AM - 03.09.2016, 07:00 PM
    • CESifo Conference
    • CESifo Conference Centre, Poschingerstrasse 5, 81679 Munich

    The 2016 CESifo Area Conference on the Economics of Education, organised by Eric A. Hanushek (Stanford University, Area Director) and Ludger Woessmann (Ifo Institute), aims to bring together Network members to discuss their recent research and to encourage broader interactions, particularly on both sides of the Atlantic. All CESifo research network members are invited to submit their papers, which may deal with any topic within the broad domain of the Economics of Education. The Jacobs Foundation Lecture will be delivered by Joseph G. Altonji (Yale University). Details

  2. The behavioral economics of resource conservation, Part I

    • 05.09.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Lorenz Goette, University of Bonn
    • CES, Schackstr. 4/II, seminar room (207)

    Introduction

  3. The behavioral economics of resource conservation, Part II

    • 06.09.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Lorenz Goette, University of Bonn
    • CES, Schackstr. 4/II, seminar room (207)

    Aggregate consumption feedback

  4. The behavioral economics of resource conservation, Part III

    • 07.09.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Lorenz Goette, University of Bonn
    • CES, Schackstr. 4/II, seminar room (207)

    Behaviour-specific feedback

  5. Wohnungspolitik am Scheideweg

    • 07.09.2016, 06:30 PM - 08:00 PM
    • Dresdner Vorträge zur Wirtschaftspolitik
    • Prof. Dr. Michael Voigtländer, Leiter des Kompetenzfeldes Finanzmärkte und Immobilienmärkte am Institut der Deutschen Wirtschaft (IW) Köln
    • ifo Niederlassung Dresden, Einsteinstraße 3, Dresden

  6. 6th "Regional Economics" Workshop

    • 15.09.2016, 12:00 AM - 16.09.2016, 12:00 AM
    • Ifo Workshop
    • Ifo Institute, Dresden Branch

    The Ifo Institute, Dresden Branch, and the Technische Universität Braunschweig are pleased to announce the 6th Ifo Dresden Workshop on Regional Economics. The workshop aims at facilitating the networking of young scientists and at promoting the exchange of their latest research across the range of regional economics, persistency in regional inequality, regional structural change and growth-enhancing regional policies. Policy relevant contributions, either theoretical or applied, are highly welcome. We particularly encourage PhD students to submit their latest research. Details

  7. Expectations and Human Capital Investments, Part I

    • 04.10.2016, 10:15 AM - 11:45 AM
    • CES Lecture
    • Basit Zafar, Federal Reserve Bank of New York
    • CES, Schackstr. 4/II, seminar room (207)

    Human Capital Investments and Expectations about Careerand Family

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 | PDF Download

Journals

  1. Cover Image "ifo Schnelldienst 16/2016", ifo Institut, München, 2016, 01-76 | Details

  2. Cover Image "ifo Dresden berichtet 4/2016", ifo Institute, Dresden, 2016 | Details | PDF Download

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

  4. Cover Image "CESifo Forum 2/2016 (Summer): Germany and Turkey in Europe: Strategic Outlook", Ifo Institute, Munich, 2016, 03-50 | Details | PDF Download | EPUB Download

  5. Cover Image "ifo Schnelldienst 15/2016", ifo Institut, München, 2016, 03-41 | Details

  6. Cover Image "ifo Konjunkturperspektiven 07/2016", ifo Institut, München, 2016 | Details

  7. Cover Image "ifo-GfK-Konsumreport 07/2016", ifo Institut; Gfk Marktforschung, München; Nürnberg, 2016 | Details | PDF Download

Working Paper

  1. Cover Image Lochner, Benjamin and Bastian Schulz, "Labor Market Sorting in Germany", CESifo Working Paper No. 6066, August 2016 | Details | PDF Download

  2. Cover Image D'Acunto, Francesco, Daniel Hoang and Michael Weber, "The Effect of Unconventional Fiscal Policy on Consumption Expenditure", CESifo Working Paper No. 6059, August 2016 | Details | PDF Download

  3. Cover Image Boumans, Dorine, Johanna Garnitz and Günther G. Schulze, "Who Has Terror Angst? Perceptions of the Effects of Terror on the World Economy", CESifo Working Paper No. 6049, August 2016 | Details | PDF Download

  4. Cover Image Weber, Michael, "Cash Flow Duration and the Term Structure of Equity Returns", CESifo Working Paper No. 6043, August 2016 | Details | PDF Download

  5. Cover Image Potrafke, Niklas and Felix Roesel, "Opening Hours of Polling Stations and Voter Turnout: Evidence from a Natural Experiment", CESifo Working Paper No. 6036, August 2016 | Details | PDF Download

  6. Cover Image Felfe, Christina, Helmut Rainer and Judith Saurer, "Why Birthright Citizenship Matters for Immigrant Children: Impacts on Parental Educational Choice", CESifo Working Paper No. 6037, August 2016 | Details | PDF Download

  7. Cover Image Aichele, Rahel and Inga Heiland, "Where is the Value Added? Trade Liberalization and Production Networks", CESifo Working Paper No. 6026, August 2016 | Details | PDF Download

  8. Cover Image Kauder, Björn, Manuela Krause and Niklas Potrafke, "Electoral Cycles in MPs' Salaries: Evidence from the German States", CESifo Working Paper No. 6028, August 2016 | Details | PDF Download

  9. Cover Image Hillman, Arye L. and Niklas Potrafke, "Economic Freedom and Religion: An Empirical Investigation", CESifo Working Paper No. 6017, July 2016 | Details | PDF Download

  10. Cover Image Potrafke, Niklas, "Partisan Politics: The Empirical Evidence from OECD Panel Studies", CESifo Working Paper No. 6024, July 2016 | Details | PDF Download