> Newsletter online      

November 2016

Featured Paper A Fuestian Bargain Economic Indicators Publications
Ifo News Outstanding Event People Bulletin Board

Featured Paper
On the Widely Differing Effects of Free Trade Agreements: Twenty Years of Trade Integration

TTIP and TPP are well-known thanks to the controversial public debate over the pros and the cons of free trade agreements. A new CESifo Working Paper by Scott L. Baier, Yoto V. Yotov and Thomas Zylkin aims to quantify the trade and welfare effects of free trade agreements and studies the heterogeneity in these trade effects across, as well as within, FTAs. Read on to learn more about the winners and losers of TTIP!

Other CESifo Working Papers
Working Paper Submission Form

A Fuestian Bargain
EU Budget Reform: How to Spend It

What does the EU actually do with all of the money at its disposal? If you ask the man on the street you get the following answer: most of the money goes to agricultural subsidies. Clemens Fuest analyses how the EU is supposed to allocate its budget and how it actually spends its funding. Read on to learn more about proposed reforms for future EU expenditure.

More from and about Clemens Fuest

Economic Indicators
Ifo Business Climate after Trump Election Unchanged

Confidence in the German economy remains strong. The Ifo Business Climate Index remained unchanged at 110.4 points in November. Firms were once again more satisfied with their current business situation, but expressed slightly less optimism with regard to the months ahead. The German economy seems to be unfazed by the election of Donald Trump as US President.

Other Economic Indicators:
Credit Constraint Indicator
Ifo Employment Barometer
Ifo Export Expectations
Ifo Business Survey Services Sector

Publication of Interest
CESifo Forum: Migration: Challenge or Opportunity?

This issue summarises the contributions of experts and researchers participating in the 15th Munich Economic Summit. The key questions tackled are: what can we learn from past immigration flows? What were the shortfalls in Europe's bid to tackle the latest immigration wave? How can we improve and forge a coherent policy for the future? Read on to learn more about the speakers' responses!

Other Publications of Interest:
Economic Policy
CESifo Economic Studies
CESifo DICE Report
CESifo World Economic Survey
CESifo Working Papers

Ifo News
Waging a Trade War Would Backfire on the USA

Any trade war waged by the USA would backfire on the country. According to Ifo's latest calculations, a trade war would have a significant negative impact on the USA. Isolation would be accompanied by major losses in prosperity. The study by Gabriel Felbermayr and Marina Steininger also shows that Germany, a close trading partner for the US, will also suffer from higher US import duties and non-tariff barriers.


Karen Pittel Appointed to the German Advisory Council on Global Change

Karen Pittel, Director of the Ifo Center for Energy, Climate and Exhaustible Resources, is now one of the nine members of the German Advisory Council on Global Change. The key tasks of this high-ranking advisory body are to analyse environmental and development problems and provide early warnings in areas of sustainable development.


Outstanding Event
Munich Lectures in Economics with Bengt Robert Holmstrom

On 15 November 2016 the annual highlight of the CESifo Group's calendar took place at LMU's Grosse Aula. Nobel prize winner Bengt Holstrom was made the Distinguished CES Fellow 2016 and delivered the Munich Lectures in Economics 2016 entitled "Money markets and financial intermediation". You can watch Bengt's lecture online. For further details have a look at the interview with the laureate. Photos of the prize-giving ceremony can be found here.

Check out also
Forthcoming Academic Conferences

Dates to remember
Submission Deadline Conference Title
19 Dec 2016 Venice Summer Institute 2017
15 Jan 2017 7th Ifo Dresden Workshop on Labor Economics and Social Policy
18 Jan 2017 CESifo Area Conference on Applied Microeconomics
15 Feb 2017 CESifo Area Conference on Public Sector Economics
20 Feb 2017 CESifo Area Conference on Employment and Social Protection
People
New Members in Ifo’s Scientific Advisory Council and Acting CESifo Council

The Scientific Advisory Council was set up to advise both the Ifo Institute and CESifo. It consists of 12 internationally respected, independent academics and experts who are appointed for a maximum of 2 periods each lasting 4 years. The council elected Tony Venables from the University of Oxford as its new chairman and Veronika Grimm as its deputy chairman. Find out more about old and new council members here!


Guests and Locals

CES, Ifo and CESifo are hosting guest researchers from Germany, India and the USA in December 2016. Learn a bit about what they are working on, and about who they are:

Tanika Chakraborty, Indian Institute of Technology (IIT) Kanpur, will be visiting CESifo from 05 December to 11 December 2016
Zeno Enders, University of Heidelberg, will be visiting CESifo from 19 December to 21 December 2016
Wilhelm Kohler, Eberhard Karls University Tübingen, will be visiting CESifo from 12 December to 16 December 2016.
Gernot J. Müller, University of Tübingen, will be visiting CESifo from 19 December to 21 December 2016.
Dietrich Vollrath, University of Houston, will be visiting CESifo from 02 December to 17 December 2016.

Bulletin Board
News and things of interest to CESifo Network members

Venice Summer Institute 2017
In co-operation with the Venice International University CESifo's eighteenth Venice Summer Institute will take place from 12 to 17 June 2017. In five workshops a broad range of topics are covered. Check out the official website for more information about the workshops on
• New Evidence on Consumption, Household Behaviour, and Inequality
• Exchange Rate Adjustment in the Euro Area
Place-Based Policies

Dynamics of Conflict - Results from Theory and Experiments

Fiscal Competition and Mobility: Theory and Empirics

The submission deadline is 19 Dec 2016.

2017 IIPF Annual Congress
The 73rd Annual Congress of the International Institute of Public Finance will be held in Tokyo, Japan, from August 18 through 20, 2017. The theme of the keynote speeches and panels will be “Fiscal Reform". Contributed papers on any topic within the field of Public Economics and related disciplines will be considered, as is traditional at IIPF congresses. Both practitioners and academics are invited to participate. Check out the call for papers here!

Industrial Organisation in the Digital Economy
This two-day workshop to be held at the HEC Management School in Liège targets PhD students and young postdoctoral scholars with an interest in the industrial organisation of the digital economy. The keynote speaker will be Markus Reisinger from the Frankfurt School of Finance & Management. Consult the call for papers here!

Traineeships (PhD) in Directorate General International and European Relations
The Directorate General International and European Relations of the European Central Bank is seeking applications for its traineeship programme from PhD students who have successfully completed at least two calendar years of their PhD studies. Find out more about this job posting here!

For new postings on the Bulletin Board, please contact contact Yvonne Maldener.


© 2016 CESifo GmbH | Poschingerstr. 5, 81679 Munich, Germany
   www.cesifo.org

Published by CESifo GmbH, Poschingerstraße 5, 81679 Munich, Germany
Tel.: +49 (89) 9224-1232, Fax: +49 (89) 9224-1409
Your data will be used solely for the purpose of sending you the CESifo Newsletter. In no case will your data be made available in any way to third parties. For further details, see our privacy policy.