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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. Ifo Business Climate Index Rises

    teaserImage The Ifo Business Climate Index for industry and trade in Germany rose in November to 104.7 points from 103.2 points in October. The business climate previously deteriorated six times in a row. Assessments of the current business situation are slightly more favourable than last month. Expectations with regard to the months ahead are also brighter. The downturn in the German economy has ground to a halt for the moment at least. Details

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

    teaserImage The Ifo Business Climate Indicator for the German service sector fell in November to 19.3 balance points, from 23.8 points in the previous month. Service providers slightly scaled back their assessments of the current business situation, which nevertheless remained very good. They are also somewhat less optimistic about future business developments. Service providers still plan to recruit additional staff, but their willingness to do so fell to its lowest level in over a year. Details

  3. Kenneth Rogoff Favours Phasing Out Paper Money

    teaserImage Professor Kenneth Rogoff, Harvard University, has declared himself in favour of phasing out paper currency. “This would make it easier for central banks to implement/apply negative rates to stimulate the economy”, he said at the Munich Lectures in Economics 2014 in Munich. “It would also make it easier to fight tax evasion and drug-related crime”, he added. “Paper currency is the main barrier to further reductions in central bank interest rates. Phasing it out would be a very simple and elegant solution to this problem.” During the height of the crises the US Federal Reserve contemplated introducing temporarily negative rates of four or five percent but could not because people were hoarding additional cash. Details

  4. 9th Workshop on Macroeconomics and the Business Cycle

    teaserImage The 9th Workshop on macroeconomics and the business cycle will take place from 20 to 21 November 2014 in the Dresden Branch of the Ifo Institute, Einsteinstraße 3. It will be jointly organised by Ifo Dresden and the Helmut-Schmidt University of Hamburg. Professor Michael Berlemann, Helmut-Schmidt University of Hamburg, together with Robert Lehmann and Michael Weber, both Ifo Dresden, will be responsible for the academic supervision of the workshop. Details

  5. Center for Economic Studies (CES) Honours Kenneth Rogoff

    teaserImage The Center for Economic Studies (CES) has made Professor Kenneth Rogoff, Harvard University, a "Distinguished CES Fellow". Rogoff was awarded the prize for his outstanding work in the field of economic and monetary policy and on the international finance system. The awards ceremony will take place on 18 November 2014 at 6.00 p.m. in the Great Hall of the University of Munich. Following on from the ceremony, Rogoff will give the first of three “Munich Lectures in Economics 2014”. Details

  1. Results of the November 2014 Ifo Business Survey

    Ifo Business Climate Index Rises

    Nov 24, 2014: The Ifo Business Climate Index for industry and trade in Germany rose in November to 104.7 points from 103.2 points in October. The business climate previously deteriorated six times in a row. Assessments of the current business situation are slightly more favourable than last month. Expectations with regard to the months ahead are also brighter. The downturn in the German economy has ground to a halt for the moment at least. Details

  2. Results of the November 2014 Ifo Business Survey

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

    Nov 24, 2014: The Ifo Business Climate Indicator for the German service sector fell in November to 19.3 balance points, from 23.8 points in the previous month. Service providers slightly scaled back their assessments of the current business situation, which nevertheless remained very good. They are also somewhat less optimistic about future business developments. Service providers still plan to recruit additional staff, but their willingness to do so fell to its lowest level in over a year. Details

  3. Results of the Ifo World Economic Survey (WES) of 4th quarter 2014 (13 November 2014)

    Ifo World Economic Climate Clouds Over Heavily

    Nov 13, 2014: The Ifo Index for the world economy fell to 95.0 points from 105.0 points in the previous quarter, reaching its lowest level since the third quarter of 2013. It is now below its long-term average of 95.5 points. Assessments of the current economic situation deteriorated only slightly. Economic expectations, however, were strongly downwardly revised. The upswing in the world economy is suffering a setback. Details

  4. Regional evaluation for Saxony of the Ifo Business Survey in October 2014

    Saxon Economy Comes Under Strong Pressure in Second Half of Year

    Nov 10, 2014: The Ifo Business Climate Index for German trade and industry fell by 1.5 index points in October, reaching its lowest level since December 2012. In line with this development, the climate indicators for the Eastern German Länder and the Free State of Saxony also deteriorated. The recent decline in the business climate index in Saxony was due to less favourable assessments of future business developments by the companies surveyed. Saxon survey participants are more satisfied, by contrast, with their current business situation. The lasting decline in the Ifo Business Climate Index for Saxon trade and industry can nevertheless be seen as a sign that the positive overall economic development in the first six months of 2014 will not be sustained for the rest of the year. Details

  5. Advance results of the Ifo World Economic Survey (WES) of 4th quarter 2014 (13 November 2014)

    Ifo Economic Climate in the Euro Area Continues to Deteriorate

    Nov 6, 2014: The Ifo Index for the economic climate in the euro area fell from 118.9 points to 102.3 points in the fourth quarter, dropping to its lowest level since the third quarter of 2013. It is now below its longterm average. Assessments of both the current economic situation and of the six-month economic outlook deteriorated significantly. High unemployment, weak demand and public sector deficits continue to head the list of the most pressing economic problems. At present, there is no end to the economic weakness in sight. Details

  6. 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

  7. 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

  8. 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

  9. 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

  10. 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

Generational (Un)Fairness: the Causes, Consequences and Policy Implications of the Demographical Deficit

Generational (Un)Fairness: the Causes, Consequences and Policy Implications of the Demographical Deficit

Public University Lecture by Prof. Hans-Werner Sinn, President of the Ifo Institute.

Monday, 15. December 2014, 6.00 p.m.,
Great Hall of the Ludwig Maximilians University, Geschwister-Scholl-Platz 1, 80539 Munich.

The lecture will be given in German.
read on Generational (Un)Fairness: the Causes, Consequences and Policy Implications of the Demographical Deficit

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”

Next Events

  1. Trust, Competition and Innovation: Theory and Evidence from German Car Manufacturers

    • 26.11.2014, 12:00 PM - 01:00 PM
    • Ifo Lunchtime Seminar
    • Johannes Koenen
    • Ifo Institute, Ludwig Erhard Hall, Poschingerstr. 5, Munich

    The presentation will be given in English.

  2. 8th Workshop on Political Economy

    • 28.11.2014, 01:45 PM - 29.11.2014, 05:30 PM
    • CESifo Conference
    • Ifo Institute, Dresden Branch, Einsteinstraße 3, 01069 Dresden

    CESifo, the Center of Public Economics at TU Dresden and the Ifo Institute for Economic Research Dresden will jointly organize a workshop on Political Economy. In the tradition of the previous workshops, the conference will take place in Saxony´s capital Dresden. The two-day workshop will serve as a forum to present current research results in political economy and will give researchers the opportunity to network. The keynote speakers will be Ekaterina Zhuravskaya (Paris School of Economics) and Roland Vaubel (University of Mannheim). Details

  3. Does a Clean Development Mechanism Facilitate International Environmental Agreements?

    • 01.12.2014, 11:10 AM - 12:40 PM
    • Lunchtime Seminar TU Dresden
    • Marcel Thum
    • TU Dresden, Sitzungszimmer der Fakultät Wirtschaftswissenschaften, Raum SCH B 037

  4. Internal Seminar of the CESifo Group

    • 01.12.2014, 12:00 PM - 01:00 PM
    • Internal Seminar of the CESifo Group
    • Mark Joy, Bank of England
    • CES, Schackstr. 4/II, seminar room (207)

  5. The Law and Economics of Sovereign Debt and Default, Part I

    • 03.12.2014, 10:15 AM - 11:45 AM
    • CES Lecture
    • Mitu Gulati, Duke University / Lee C. Buchheit, Cleary Gottlieb Steen & Hamilton (N.Y.)
    • Schackstr. 4/II, seminar room (207)

    Short History of Sovereign Financial Crises

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 "CESifo World Economic Survey November 2014", Ifo Institute, Munich, 2014 | Details | PDF Download

  2. Cover Image "ifo Schnelldienst 21/2014", ifo Institut, München, 2014, 03-63 | Details

  3. Cover Image "ifo Konjunkturperspektiven 10/2014", ifo Institut, München, 2014 | Details

  4. Cover Image "ifo-GfK-Konsumreport 10/2014", ifo Institut; GfK Marktforschung, München; Nürnberg, 2014 | Details | PDF Download

Working Paper

  1. Cover Image Seiler, Christian, "Mode Preferences in Business Surveys: Evidence from Germany", Ifo Working Paper No. 193, 2014 | Details | PDF Download

  2. Cover Image Kleemann, Michael and Manuel Wiegand, "Are Real Effects of Credit Supply Overestimated? Bias from Firms' Current Situation and Future Expectations", Ifo Working Paper No. 192, 2014 | Details | PDF Download

  3. Cover Image Kauder, Björn, "Spatial Administrative Structure and Intra-Metropolitan Tax Competition", Ifo Working Paper No. 191, 2014 | Details | PDF Download

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

  5. 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

  6. 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