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DIW on 15.12.2017, 10:31 h
Nils May wins the VfS Conference Subsidy

Nils May, a DIW PhD candidate and Research Associate at the Climate Policy Department , has received a Subsidy from Verein für Socialpolitik (VfS). The prize was awarded for his presentation "Cost-Efficient investments? Policy Impacts on Financing Costs" at this year's  European Assocation of Environmental and Resource Economists (EAERE) Conference in Athens.
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IFO on 15.12.2017, 10:00 h
ifo Dresden Newsletter 15 December 2017

The ifo Dresden Newsletter is a free service of the ifo Branch Dresden and informs you (in German) about new publications and selected events especially of the ifo Dresden Branch. It is sent by e-mail every two months while publishing the journal ?ifo Dresden berichtet?. ( more )

IFO on 14.12.2017, 10:30 h
ifo Sharply Increases Growth Forecast for 2018 to 2.6 Percent

The ifo Institute has sharply increased its growth forecast for the year ahead. Instead of the 2.0 percent growth rate forecast to date, researchers now expect to see 2.6 percent growth in 2018. This would mark the highest growth rate seen since 2011. ( more )

DIW on 13.12.2017, 10:00 h
DIW Economic Outlook: German economy booming but not to the point of overheating

The German economy continues to boom and the upswing has recently gained breadth. In addition to continuing strong consumer demand on the domestic front, the flourishing global economy is making itself felt in a growing Germany economy. In view of strong exports and abating global risks companies in capital-intensive manufacturing and processing industries are currently investing more. This activity is adding momentum to the upswing. The German Institute for Economic Research (DIW Berlin) is raising its forecast compared to the fall, partly because the first half of 2017 was more robust than currently documented in the official statistics. The [...] ( more )

IFO on 13.12.2017, 10:00 h
ifo Warns of Drastic Drop in Regional Subsidies in Germany

The ifo Institute has warned of a drastic drop in regional subsidies in Germany. "If existing rules continue to apply, Germany will only be able to grant regional subsidies on a small scale,? explains Joachim Ragnitz, Deputy Executive Director of ifo Dresden. Ragnitz attributes this situation to economic development in Germany, which has been far better than in most other countries in recent years. Brexit will also put the structurally weaker regions of Germany in a relatively better position compared to the EU average. Regions qualify for subsidies depending on their economic power and unemployment rates compared to the EU average. ( more )

DIW on 12.12.2017, 08:43 h
The potential for green public procurement is still largely unexploited in Germany

Abstract: Public purchases can make a valuable contribution to decarbonizing the economy – Despite an upward trend, only 2.4 percent of public contracts in Germany include green criteria – Policy action is needed in order to fully exploit the potential Green public procurement, by which public authorities choose their suppliers of goods and services not only based on price but also according to environmentally friendly criteria, is still very much underused in Germany, a study by the German Institute for Economic Research (DIW Berlin) shows. Though the practice has been on the rise these past years, its use remains marginal: an [...] ( more )

DIW on 12.12.2017, 08:29 h
Application Portal for the GC PhD Program Is now Open

The application portal for the GC PhD Program is now open! We look forward to applications from highly qualified and motivated postgraduates from around the world.

All relevant information, application documents and the online application form can be found here .

To learn more about the Graduate Center and our PhD program, visit our program section or download the flyer .

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DIPF on 12.12.2017, 01:05 h
Assessing Assessment Cultures

Keynote given by Prof. Dr. Eckhard Klieme on cultural differences in the recording of learning outcomes and prerequisites ( more )

DIW on 11.12.2017, 01:55 h
Helene Naegele has successfully defended her dissertation

Helene Naegele, who works at the  Competition and Consumers department, has successfully defended her dissertation at the Technische Universität Berlin. The dissertation with the title "Firm Strategies and Consumer Behavior under Market-Based Sustainability Policies" was supervised by Prof. Dr. Pio Baake (DIW Berlin, Technische Universität Berlin) and Prof. Dr. Christian von Hirschhausen (DIW Berlin, Technische Universität Berlin). We congratulate Helene on her success and wish her all the best for her future career.
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IFO on 08.12.2017, 09:00 h
Fuest Calls for Free Trade with Britain

ifo President Clemens Fuest welcomes the latest breakthrough in the Brexit negotiations. ?This is very good news. The EU should now look to sign a comprehensive free trade agreement with Britain to limit the economic costs of its exit from the EU all round,? says Fuest. ( more )

DIW on 08.12.2017, 02:27 h
The SOEP vocational training program: A model for success Seventh cohort of trainees in market and social research (FAMS) started in September

Since autumn of 2011, the SOEP has been offering in-house traineeships to students who are studying to be specialists in market and social research (Fachangestellte für Markt- und Sozialforschung, FAMS), a three-year degree program that is part of the German dual system of vocational training. Specialists in market and social research are responsible for organizational and operational tasks in diverse areas of empirical social research, for instance, in conducting surveys and other forms of data collection. The seventh cohort of FAMS students started in September: Martin Gerike from Berlin and Omar Alshafai from Damascus, Syria. The two [...] ( more )

IAMO on 07.12.2017, 11:42 h
Do your PhD at IAMO

IAMO currently offers PhD positions in the projects FORLand, SURE-Farm, UaFoodTrade, KlimALEZ, and Bioeconomy. Check on our vacancies and apply now. ( more )

DIW on 07.12.2017, 10:35 h
Clara Welteke has successfully defended her dissertation

Clara Welteke, who works at the Public Economics department, has successfully defended her dissertation at the Freie Universität Berlin. The dissertation with the title "Direct and Indirect Effects of Social Policies on Labor Supply Decisions - Empirical Evidence from Germany" was supervised by Prof. Dr. Peter Haan (DIW Berlin, Freie Universität Berlin) and Prof. Dr. Albrecht Glitz (Pompeu Fabra University). We congratulate Clara on her success and wish her all the best for her future career.
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DIW on 07.12.2017, 10:00 h
International Investments and Current Account Imbalances: The Importance of Valuation Changes

Abstract: Global capital flows have strongly increased from the 1980s until the outbreak of the financial crisis. As a result of this development, Germany's foreign investment has risen to around 250 percent of gross domestic product while foreign investments in Germany have increased to about 200 percent of Germany’s gross domestic product. This positive difference between Germany’s assets and liabilities is a result of the country’s continuous current account surpluses, which represent net financial flows – the difference between outflows and inflows. Investments abroad offer investors the opportunity to diversify their [...] ( more )

IFO on 07.12.2017, 08:00 h
Hey Big Spender: Don’t Blame Minority Governments

Similar trends emerge in public expenditure and debt ratios regardless of whether minority or majority governments are in power, according to a new study by the ifo Center for Public Finance and Political Economy. Critics of minority governments often express the fear that they are politically instable and expensive for taxpayers; citing the compromises that such governments have to make with opposition parties to gain a parliamentary majority. ( more )

IFO on 06.12.2017, 11:00 h
Fuest: European Commission's Euro Concept Is Misguided

ifo President Clemens Fuest has criticised the European Commission's proposals to reform the Eurozone. ?This concept is not the right way to solve the currency union's problems," he said in Munich. ( more )

DIW on 06.12.2017, 10:00 h
In Germany, approximately 1.8 million workers eligible for the minimum wage are earning less

Abstract: The introduction of the minimum wage in Germany led to significant increases in wages –– However, around seven percent of eligible workers earn less than minimum wage, with the marginally employed and employees at small businesses being particularly affected –– When one also takes into account workers who are not eligible for a minimum wage, such as freelancers, a total of around 4.4 million people in Germany earned less than 8.50 euros gross per hour in 2016 –– Inspection and sanctions mechanisms need to be improved as do methods for recording work hours A new study from the German Institute for [...] ( more )

DIW on 06.12.2017, 08:45 h
Expansive monetary policy: Early exit from bond purchase program could reduce GDP growth and inflation in the euro area

Abstract: The following study from DIW Berlin examines the effects of different exit scenarios from the European Central bank’s bond purchase program on the European economy – exiting early would especially depress the inflation rate What if the ECB were to reduce its bond purchase program by more than what it reported at the end of October? What if it reduced its bond holdings quicker or earlier? DIW Berlin economists Marius Clemens, Stefan Gebauer, and Malte Rieth investigated what implications there would be for economic growth and inflation in the euro area. The European Central Bank has been buying up government bonds from euro [...] ( more )

IFO on 05.12.2017, 11:00 h
Fuest Favours Major Reform of Local Business Tax

ifo President Clemens Fuest favours a major reform of Germany?s local business tax. ?The heavy reliance of Germany?s municipalities on this tax is dangerous,? he said in Berlin. ( more )

IFO on 03.12.2017, 05:00 h
New Study: Brexit Brings Billions in Losses All Round

Rising trade costs in both Britain and the other 27 EU countries mean that Brexit will cause considerable economic damage. In Britain this damage will exceed any savings made on its net contribution to the EU budget. If future trade were to be conducted on the basis of WTO rules, this would still cost Britain an annual 16 billion euros, even if it were to pay nothing into the EU budget. For the EU, the losses generated by the absence of a net contribution from Britain and rising trade costs amounts to around 44 billion euros per year. ?Everyone stands to lose out from Brexit,? said ifo President Clemens Fuest citing a paper published by the [...] ( more )

DIW on 01.12.2017, 08:55 h
Stefan Liebig, new board member at the German Institute for Economic Research as of 2018

Abstract: On January 1, 2018, Liebig will become director of the Socio-Economic Panel (SOEP) and a member of the institute’s Executive Board Stefan Liebig, a professor of sociology at Bielefeld University, will succeed Gert G. Wagner as a member of the German Institute for Economic Research’s Executive Board on January 1, 2018. Having reached retirement age, Wagner (64) is relinquishing his position. Fellow Executive Board members Marcel Fratzscher and Angelica E. Röhr will continue as president and managing director, respectively. At the beginning of 2018, Liebig will also take over as director of the Socio-Economic Panel (SOEP) [...] ( more )

IFO on 30.11.2017, 12:00 h
ifo Newsletter November 2017

The ifo Newsletter offers monthly reports in German on ifo's latest research results, key publications, selected events, personnel matters, forthcoming dates and much more. ( more )

IFO on 29.11.2017, 11:00 h
ifo Business Climate Index for Eastern Germany Edges Upwards

The economic climate in eastern German trade and industry remains very bright, despite the wet, cold weather. The ifo Business Climate Index for Eastern Germany rose marginally from 113.8 points to 114.0 points in November. This was due to slightly better assessments of the current business situation. Assessments of future business developments, by contrast, were somewhat less optimistic than last month. ( more )

DIW on 29.11.2017, 09:29 h
DIW Economic Barometer November 2017: euphoric expectations signal a strong end to the year

Abstract: The economic barometer of the German Institute for Economic Research (DIW Berlin) once again reports exceptionally strong growth in the final quarter of 2017: the index level increased to 113 points. GDP should thus continue to outperform at a read of 0.8 percent in the fourth quarter. “Caution should be exercised when interpreting the euphoric sentiment indicators,” warns Ferdinand Fichtner, head of forecasting at DIW Berlin. “After the election, many companies should have expected noticeable economic stimuli – and whether this still applies after the failure of the Jamaica coalition talks remains to be [...] ( more )

IFO on 29.11.2017, 08:00 h
Wealth Tax Costs More Than It Is Worth

The introduction of a wealth tax would curb investment, employment, savings and economic growth in Germany. Tax revenues would also drop, since any revenues from a wealth tax would be exceeded by greater losses in income and consumption taxes. These are the findings of an expert report produced by the ifo Institute together with auditors from EY on behalf of the German Federal Ministry of Economics. ?The introduction of a wealth tax would have the same effect as massively increasing income tax rates, with the additional drawback that wealth tax would be due even if assets were to yield a negative income,? notes ifo President Clemens Fuest. ( more )

IAMO on 29.11.2017, 05:28 h

IAMO offers a PhD position (m/f) in the project KlimALEZ, two PhD positions in the research group "Economics and Institutions of the Bioeconomy", and is looking for student assistants (m/f). ( more )

DIW on 29.11.2017, 01:19 h
Higher employment rates and more money in the pension fund

Abstract: Two DIW studies on the partial retirement scheme and raising the normal retirement age: simulations show positive employment effects and fiscal implications A normal retirement age that increases relative to the rise in life expectancy after 2030 could help keep the funding of the statutory pension insurance scheme stable without the pension level decreasing further. Depending on the scenario, a partial retirement scheme could also relieve retirement funds and raise employment rates. These are the most important results from two DIW studies on the topic of retirement.
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DIW on 29.11.2017, 01:00 h
Nuclear power unnecessary for climate protection – there are more cost-efficient alternatives

The world needs to continue working to protect the climate – this is generally undisputed. However, there is no agreement on which technologies should be used to decarbonize the energy sector. Many international scenarios still assume a relevant role for nuclear power in the future. However, a study by the German Institute for Economic Research shows that the Paris climate protection target – limiting global warming to below two degrees – can be achieved inexpensively without nuclear power. The results of a global energy system model indicate that no new nuclear power plants have to be built in order to meet the global [...] ( more )

IAMO on 28.11.2017, 12:54 h
Turkmenistan in search of strategies to modernise agriculture and adapt to climate change - Ashgabat conference on sustainable land and water management

About 50 international and national experts convened for a conference on "Sustainable land and water management in dryland ecosystems in Central Asia" in Ashgabat (Turkmenistan) on 23-24 November 2017. In the presence of German Ambassador to Turkmenistan Margret Uebber and deputy head of the German diplomatic mission to Uzbekistan Melanie Moltmann, the conference focused on a range of reform areas in agriculture and nature protection, including the diversification of production portfolios, strategies to economise on scarce water, forest and pasture resources, climate change impacts, and land management. The first day of the conference was devoted to [...] ( more )

IFO on 28.11.2017, 09:00 h
ifo Employment Barometer Hits New Record High

German companies are desperately seeking new staff. The ifo Employment Barometer rose by 112.0 points in October to 113.2 points in November, reaching its highest ever level. ( more )

IFO on 28.11.2017, 08:00 h
Manufacturers Expect Higher Exports

German industry expects higher exports. Sentiment among the branch?s exporters is very strong. The ifo Export Expectations rose from 21.0 balance points in October to 21.3 balance points in November, reaching their highest level since January 2011. ( more )

IFO on 27.11.2017, 09:00 h
ifo Business Climate Index for the Service Sector Drops

Sentiment among German service providers weakened slightly. The business climate index dropped from 111.5 points last month to 111.1 points in November. Service providers? assessments of their current business situation are no longer as good as last month, but their expectations are more optimistic. Service providers still plan to recruit more staff. ( more )

DIW on 27.11.2017, 03:16 h
Vaishali Zambre has successfully defended her dissertation

Vaishali Zambre, who works at the Education and Family department, has successfully defended her dissertation at the Freie Universität Berlin. The dissertation with the title "Determinants of College Enrollment. Three Empirical Essays in the Economics of Education" was supervised by Prof. Dr. C. Katharina Spieß (DIW Berlin, Freie Universität Berlin) and Prof. Thomas Siedler, PhD (University of Hamburg). We congratulate Vaishali on her success and wish her all the best for her future career.
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IFO on 24.11.2017, 10:30 h
ifo Business Climate Index Continues Record Run

Sentiment among German businesses is very strong. The ifo Business Climate Index rose to a new record high of 117.5 (Around 90% of responses were submitted before the end of the ?Jamaica? coalition talks on Sunday.) points in November from 116.8 (Seasonally adjusted.) points in October. This was due to far more optimistic business expectations. Companies? assessments of the current business situation were no longer as positive as last month. The German economy is on track for a boom. The latest figures indicate economic growth of 0.7 percent in the fourth quarter, pointing to growth of 2.3 percent for 2017 as a whole. ( more )

DIW on 24.11.2017, 09:11 h
Incentives for the long-term integration of renewable energies: a plea for a market value model

Due to increasing shares of renewable energies in electricity production, the cost-effective system integration of these installations is becoming more and more important. Technologies and locations are viewed as system-friendly when they are more cost-efficient and easier to integrate because they, unlike other installations, produce at times when electricity is more valuable. This report shows that project developers of renewable energies in Germany have had limited incentives to invest in system-friendly installations. A market value model is derived based on five criteria for the further development of support instruments. This model creates [...] ( more )

IFO on 24.11.2017, 07:00 h
European Construction Sector Grows by 3.5 Percent

Construction volume in the 19 countries of the Euroconstruct research group will increase by 3.5 percent this year. ?This is the strongest growth rate seen in Europe since 2006, or before the outbreak of the financial crisis?, said ifo expert Ludwig Dorffmeister. ?Construction demand also picked up this year in all 19 Euroconstruct member countries, with residential construction currently providing the strongest stimuli,? he added. This situation is expected to continue, with construction volume set to grow by a total of 6 percent through 2020. ( more )

IAMO on 23.11.2017, 12:23 h
Today starts the conference “Sustainable land and water management in dryland ecosystems in Central Asia”

IAMO co-organises the conference on sustainable land and water management in Central Asia. This event will take place in Ashgabat, Turkmenistan, from 23 to 24 November 2017. ( more )

IFO on 23.11.2017, 11:00 h
ifo Institute Raises Growth Estimates for 2017 and 2018

The ifo Institute has raised its estimate of economic growth in Germany for 2017 to 2.3 percent from 1.9 percent. ( more )

DIW on 22.11.2017, 09:00 h
German companies strengthen research and development – both domestically and abroad

Abstract: The R&D expenditure of German companies abroad has more than doubled compared to 2003. At the same time, their domestic investments are increasing sharply – The majority of the investments can be attributed to the automotive engineering and pharmaceutical industries – The share of foreign companies in R&D investments in Germany is sinking. In recent years, German companies have invested more in research and development (R&D) abroad. Between 2003 and 2015, the annual volume of investments abroad more than doubled from 10.9 to 24 billion euros. Thus, the foreign share of German companies’ total R&D [...] ( more )

IFO on 20.11.2017, 11:30 h
German Economists Take Negative View of Trump’s Policy

A year after Donald Trump?s election an overwhelming majority of German economists believes that the US President is a negative influence on both the US and the global economy. According to the latest Economists Panel, jointly conducted by the Munich-based ifo Institute and the Frankfurter Allgemeine Zeitung, 71 percent of the German economics professors surveyed described Donald Trump?s influence on the global economy as negative, while 64 percent stated that this also applied to the US economy. ( more )

IFO on 20.11.2017, 08:00 h
Fuest Sees Chances and Risks in Minority Government for Germany

Following the breakdown of the ?Jamaica? negotiations in Germany, ifo President Clemens Fuest sees both risks and opportunities in a minority government. ( more )