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This is the fourth annual report of the European Economic Advisory Group (EEAG) at CESifo. CESifo is one of the world’s largest research networks of professional economists incorporating more than 430 university professors from 24 countries. Its home base includes the Ifo Institute for Economic Research and the Center for Economic Studies (CES) of Ludwig Maximilian’s University, Munich, with about 90 researchers in all fields of economics. The EEAG which is in toto responsible for this report consists of a team of eight economists from seven European countries. It is chaired by Seppo Honkapohja (Universities of Helsinki and Cambridge) and includes Lars Calmfors (University of Stockholm, vice chairman), Giancarlo Corsetti (European University Institute, Florence), John Kay (St. John’s College, Oxford), Willi Leibfritz (OECD, Paris), Gilles Saint-Paul (University of Toulouse), Xavier Vives (INSEAD, Fontainebleau), and myself. All members participate on a personal basis. They do not represent the views of the organisations they are affiliated with. The aim of this report is to comment on the state and prospects of the European economy. With the support of the Ifo Institute it provides a European business forecast and discusses topical economic issues which are of general interest to policy makers, managers, academics and the European public in general. This year’s report centres on increasing work time, housing, pensions and outsourcing, all topics of vital interest for Europe. I wish to thank the members of the group for investing their time in a challenging project and I also gratefully acknowledge valuable assistance provided by Doina Radulescu and Frank Westermann (assistants to the group); Gebhard Flaig, Wolfgang Nierhaus, Timo Wollmershäuser and Oscar-Erich Kuntze (business forecast); Volker Rußig and Martin Werding (comments); Paul Kremmel and Heidi Sherman (editing); as well as Elsita Walter (statistics and graphics) and Elisabeth Will (typesetting and layout).
Hans-Werner Sinn President, Ifo Institute and CESifo Professor of Economics and Public Finance University of Munich Munich, 1 March 2005
Report on the European Economy Presentation and ordering information
EEAG European Economic Advisory Group at CESifo Information and current members
Presentation: EEAG Video, 4 min.
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