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  1. The Future of EU Finances: a Fresh Approach to Funding and Allocation

    teaserImage Britain's planned exit from the EU is just one issue highlighting the need for a new approach to financing the EU budget and how funds are used. This question is discussed in the ifo Schnelldienst 6/2017 by Thiess Büttner, University of Erlangen-Nürnberg, Michael Broer, Ostfalia Hochschule für angewandte Wissenschaft, Wolfsburg, Clemens Fuest, Ifo Institute, Christian Waldhoff, Humboldt-University of Berlin, Margit Schratzenstaller, Österreichisches Institut für Wirtschaftsforschung, Wien, Peter Becker, Stiftung Wissenschaft und Politik, Berlin, Jörg Haas, Jacques Delors Institut, Berlin, as well as Charles B. Blankart, Humboldt-University of Berlin. Details

  2. Ifo Architects Survey: Planning Contract Figures for Residential Buildings Continue to Climb

    teaserImage The business climate improved clearly at the beginning of the first quarter of 2017, according to the results of the Ifo Institute’s survey of freelance architects. Details

  3. 7th Workshop on Labour Market and Social Policy

    teaserImage The 7th “Labour market and social policy” workshop jointly organised by the Dresden Branch of the Ifo Institute and the Technical University of Dresden will take place on 23 and 24 March 2017. The workshop aims to facilitate networking among young scientists and enable them to exchange their latest research results in the fields of labour economics and social policy. Details

  4. Germany’s Small Investor Protection Act Doesn’t Curb Crowdfunding

    teaserImage The Small Investor Protection Act has had no negative impact on crowdfunding in Germany. This is the key finding of a new study conducted by the Ifo Institute together with external economists and legal experts on behalf of the German Federal Ministry of Finance. Critics had feared that the new law would compromise crowdfunding and hamper social and non-profit projects. In reality, however, hardly any social and non-profit projects are regulated by the law, which is why the legal exemption clauses for such projects are of little relevance. Details

  5. Essays on International Trade and the Gains from Globalization

    teaserImage In her dissertation, Inga Heiland looks at aspects of international trade and factor movements, including trade in goods, trade in value added, international movement of labor and capital, and trade in risk. Heiland's findings were published as ifo Beiträge zur Wirtschaftsforschung 74. Details

  6. CESifo Area Conference on Applied Microeconomics

    teaserImage Leading economists in the fields of applied microeconomics will meet on 17 and 18 March 2017 under the supervision of Christian Gollier, Toulouse School of Economics, to present and discuss their latest research results. The keynote lecture will be given by Ariel Pakes, Harvard University. As part of the conference, selected junior economists will also present their work and compete for the CESifo Young Affiliate Award. The event will take place at the Ifo Institute. Details

  7. Federalism in Wonderland: on Fiscal Autonomy and the Property Transfer Tax

    teaserImage For many German Länder there is a strong fiscal incentive to increase the property transfer tax, as this not only generates higher tax revenues, but also gives them higher allocations when it comes to fiscal equalisation. If, however, Länder decide not to increase the property transfer rate, a paradoxical situation can arise in some cases. Every additional euro in property tax is linked to a decrease in allocations, which is greater than the increase in tax revenues. These are the findings of a recent Ifo Working Paper by Ifo reseach professor Thiess Büttner and Ifo researcher Manuela Krause. Details

  8. Ifo President Fuest: Time for ECB to Take its Foot Off the Gas

    teaserImage Ifo President Clemens Fuest expects an inflation rate of just below two percent in Germany and the euro area for 2017. “This is an indication that it is time for the European Central Bank (ECB) to start phasing out its expansionary monetary policy in Europe. It should now take its foot off the gas and scale back its bond purchases by 10 billion euros per month as of April,” said Fuest. The ECB is currently spending 60 billion euros a month on bond purchases to boost inflation towards the two percent marker. “The ECB should stem this flood of money or run the risk of overshooting its target,” he added. Details

  9. The Reform Is Over But Does Nursing Care Insurance Have a Secure Future?

    teaserImage After years of debate the passing of the second and third stages of the law to reinforce nursing care at the beginning of January 2017 marked the implementation of the most comprehensive reform of welfare state nursing insurance to date. The long-term viability of nursing care insurance is discussed in ifo Schnelldienst 5/2017 by Stefan Greß and Klaus Stegmüller, Hochschule Fulda, Sabine Strüder, Rhineland-Palatinate Consumer Advice Center, Dörte Heger, RWI – Leibniz Institute for Economic Research, Essen, as well as Thomas Gerlinger, University of Bielefeld. Details

  10. German Manufacturers: Willingness to Invest Increases

    teaserImage Investment by German manufacturers rose by 3% in 2016, according to the results of the latest Ifo Investment Survey. In 2017 manufacturers plan to increase their spending on investment by 5% (almost 5% in real terms). The key factors driving investment are fairly balanced, with investment in expansion and in replacement procurement accounting for a third of expenditure in 2017 respectively. Details

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