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IAMO on 17.08.2017, 08:00 h
IAMO Policy Brief 32 issued

17. August 2017 " The EU-Georgia Trade Agreement: The Impact on Agricultural Trade and Welfare " is the title of the most recent research results by IAMO Visiting Research Fellow Prof. Dr. Dr. h.c. mult. Ulrich Koester , published in August 2017.

The EU has signed new agreements with Ukraine, Moldavia, and Ukraine, the so-called Deep and Comprehensive Free Trade Agreement (DCFTA). This policy brief only focuses on Georgia to exemplify the mythology and some important specifics of the participating countries that differ somewhat, but are important for assessing the impact. The agreement with Georgia became effective in September [...] ( more )

IAMO on 15.08.2017, 04:09 h
Vacancy announcement

IAMO invites an application for a postdoc position within the DFG-funded project ?Ethical issues in agricultural land markets?. Application deadline is 30 September 2017. ( more )

DIW on 15.08.2017, 03:12 h
Why a Franco-German bargain will help secure the euro

The op-ed by Marcel Fratzscher was first published on FT.com on August 9, 2017. The gains would outweigh the costs and help chart a path for the continent’s future As Germany heads towards its general election one of the debates in Berlin and elsewhere is what course the next government will pursue on Europe. In particular there is much speculation about a possible “grand bargain” between France and Germany that would see Berlin re-engage in reforming Europe. At the centre of such a bargain could be a macroeconomic stabilisation mechanism for the euro area that balances the demand for stricter rules and more solidarity. Call it [...] ( more )

IFO on 10.08.2017, 08:00 h
ifo World Economic Climate Remains Good

The ifo World Economic Climate remains good this quarter. Experts assessed the current economic situation far more positively than in April, but were slightly less optimistic about the months ahead. The world economy is expected to continue to recover at a slightly slower pace in the second half of 2017. ( more )

IAMO on 09.08.2017, 12:00 h
First "IAMO Career Talk" on 24 August 2017

When you hand in your PhD, what comes next? Research, teaching or private sector? On 24 August 2017 (2:30 pm, IAMO lecture hall) three former IAMO PhD students will talk about their career paths after they had completed their PhD. ( more )

IFO on 09.08.2017, 08:05 h
How Firms Deal with Negative Interest Rates

Almost one in five companies in Germany has seen their banks trying to charge negative interest on deposits. Medium-sized and large companies were significantly more affected than small companies. There are also significant regional differences: companies in Saxony, Bavaria and Thuringia are most affected. This was determined in a survey by the ifo Institute of 4000 companies from manufacturing, construction, distribution and the services. The majority of companies, however, seek to circumvent negative interest rates, most frequently by negotiations with their bank or by changing to a bank that does not yet charge negative interest on deposits. Other [...] ( more )

IAMO on 09.08.2017, 02:25 h
Job vacancy

IAMO offers a post of head of the scientific library. Application deadline is 31 August 2017. ( more )

IFO on 08.08.2017, 08:00 h
ifo Institute Expects Quarterly Growth of around 0.8 Percent for German Economy

The ifo Institute expects Germany to see economic growth around 0.8 percent in the second quarter of 2017. ?This is partly due to the ifo Business Climate Index?s steady climb in recent months, combined with very strong developments in other key economic indicators like new orders and retailing turnover,? notes Timo Wollmershaeuser, Head of Economic Forecasting at the ifo Institute. ( more )

IFO on 03.08.2017, 08:00 h
ifo Economic Climate in the Euro Area Improves

The ifo Economic Climate in the Euro Area improved again considerably in the third quarter. The indicator rose from 26.4 to 35.2 balance points, reaching its highest level since autumn 2000. Assessments of the current economic situation were particularly more favourable than last quarter, but the six-month outlook also brightened. Strong growth is expected to continue in the second half of 2017. ( more )

DIW on 02.08.2017, 11:12 h
Isabel Teichmann receives Albrecht-Daniel-Thaer-Förderpreis

On 5 July 2017, Isabel Teichmann (Department of Energy, Transportation, Environment; until 30 June 2017: Department of Competition and Consumers) was awarded the Albrecht-Daniel-Thaer-Förderpreis for her doctoral thesis “Three Topics in Agriculture: Private Quality Standards, Marketing Channels, and Biochar.” The prize is endowed annually by the Förderverein für Agrar- und Gartenbauwissenschaften an der Humboldt-Universität zu Berlin e. V. Ms Teichmann’s doctoral thesis was supervised by Prof. Dr. Dr. h.c. Harald von Witzke (Humboldt University Berlin) and reviewed by Prof. Dr. Pio Baake (Department of [...] ( more )

DIW on 02.08.2017, 03:04 h
Value-added tax cuts bring greatest relief to lower and middle income households

If the desire is to provide tax relief to households with lower and middle incomes in Germany, it is necessary to target the valueadded tax rather than the personal income tax. Lowering the standard value-added tax rate by one percentage point (from 19 to 18 percent) would mean relief worth 11 billion euro for consumers. The reduced value-added tax rate of seven percent should only be cut for food and local public transportation. Lowering it by two percentage points to five percent would generate relief equaling 3.8 billion euro. In total, these reform measures would generate fiscal relief of just under 15 billion euro. The simultaneous abolition [...] ( more )

DIW on 02.08.2017, 03:02 h
"Relief for the middle class through value-added tax cuts": Six questions for Stefan Bach

Mr. Bach, to what extent could cutting the value-added tax rate relieve low- and middle-income earners? If you want to provide significant fiscal relief to lower and middle income groups, you should focus more on the valueadded tax and less on the income tax. The value-added tax puts the burden on consumption, and consumer spending accounts for a much higher proportion of lower incomes than higher incomes. High earners pay high direct taxes and social security contributions. They are also able to save a large portion of their income, so they are less affected by the value-added tax burden than low earners are. This is called a regressive tax [...] ( more )

IAMO on 31.07.2017, 01:57 h
IAMO researchers Dr. Linde Götz and Dr. Judith Möllers belong to European leading women scientists

AcademiaNet is a database of profiles of excellent European female researchers from all disciplines. Nominated for the portal by the Leibniz Association the IAMO researchers Dr. Linde Götz and Dr. Judith Möllers were appointed as members of the network. ( more )

IFO on 28.07.2017, 11:00 h
ifo Newsletter July 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 28.07.2017, 08:05 h
Rising Male Unemployment Results in a Reduction of Domestic Abuse against Women

Domestic violence against women is less frequent in regions with rising male unemployment. These are the surprising findings of a study by Helmut Rainer, Director of the ifo Center for Labour and Demographic Economics, and his co-authors. ( more )

IFO on 27.07.2017, 12:05 h
Falling Import Prices Boost Germany’s Surplus

Falling prices for imported goods and services have fuelled a sharp increase in Germany?s current account surplus. At the same time, prices for export goods remained unchanged, according to the latest calculations by the ifo Institute. ( more )

IFO on 27.07.2017, 11:00 h
ifo Business Climate for Eastern Germany Stays Bright

The ifo Business Climate Index for trade and industry in eastern Germany edged downwards from 114.7 points to 114.5 points in July. After hitting an all-time high last month, companies? assessments of their current business situation deteriorated marginally in July. Their business expectations, by contrast, improved slightly. ( more )

IFO on 27.07.2017, 10:30 h
German Export Expectations Just Keep Getting Better

German exporters are in high spirits. The ifo Export Expectations rose from 17.7 balance points in June to 20.9 balance points in July; and the euro?s appreciation is obviously having no negative impact. ( more )

IFO on 27.07.2017, 09:00 h
Employment Barometer Hits New Record High

German companies are keener than ever to recruit new staff. The ifo Employment Barometer rose to 112.1 points in July from 111.0 points last month. This is the highest figure since the survey?s launch in 2002 and marks an increase in all four sectors. Germany?s strong economy needs a growing workforce. ( more )

IFO on 26.07.2017, 10:30 h
ifo Business Climate Index for the Service Sector Rises

Sentiment among German service providers improved markedly this month. The business climate index rose from 108.0 points in June to 109.7 points in July. Service providers were far more satisfied with their current business situation and slightly more optimistic about the months ahead. They assessed developments in turnover as very good. ( more )

DIW on 26.07.2017, 09:00 h
Changes in common ownership of German companies

Ownership of publicly listed German companies has undergone significant changes in recent years. The aim of this report is to document these trends since 2007 and analyze the extent to which firms that compete in the same product market are owned by the same investors, which is known as common ownership. We show that some large foreign institutional investors have overtaken domestic investors and now occupy the top spots. This is true both in terms of value and the number of blockholdings, i.e. large blocks of shares. In addition, there has been an increase in ownership concentration overall. That said, private and governmental investors with few [...] ( more )

DIW on 26.07.2017, 08:59 h
"The concentration in the investor market has intensified": Eight questions for Jo Seldeslachts

Mr Seldeslachts, could you please explain the term "common ownership"? Common ownership means that one investor has shares in several companies at the same time. If you want to be even more precise it would be the same owner or investor having shares in several companies that compete in the same market. [...] The interview with  Jo Seldeslachts is published in the DIW Economic Bulletin 30 (2017)
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IFO on 26.07.2017, 08:00 h
Construction in Europe Grows by 3 Percent

The European construction business is expected to grow by around 3 percent this year, marking its fourth consecutive annual increase and its third successive year of faster growth. The research and consulting network Euroconstruct, whose members include the ifo Institute, also forecasts growth of 2.5 percent and 2 percent respectively for the next two years. ( more )

IFO on 25.07.2017, 10:30 h
ifo Business Climate Index Reaches Record High

Sentiment among German businesses is euphoric. The ifo Business Climate Index rose from 115.2 (seasonally adjusted) points last month to 116.0 points in July, hitting a new record high for the third month in succession. Companies? satisfaction with their current business situation reached its highest level since Germany?s reunification. Their short-term business outlook also improved. Germany?s economy is powering ahead. ( more )

DIW on 24.07.2017, 10:53 h
Friederike Lenel has successfully defended her dissertation

Friederike Lenel, who worked at the Development and Security department, has successfully defended her dissertation at the Humboldt University Berlin. The dissertation with the title "Informal Support and Insurance - The interplay between inter-household support arrangements and access to alternative risk management resources" was supervised by Prof. Georg Weizsäcker, Ph.D. (DIW Berlin, Humboldt University Berlin) and Prof. Dr. Susan Steiner (Leibniz Universität Hannover). We congratulate Friederike on her success and wish her all the best for her future career.
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DIW on 21.07.2017, 10:29 h
Kathleen Ngangoué has successfully defended her dissertation

Kathleen Ngangoue, who works at the Competition and Consumers department, has successfully defended her dissertation at the Humboldt University Berlin. The dissertation with the title "Decision-Making in Markets" was supervised by Prof. Georg Weizsäcker, Ph.D. (DIW Berlin, Humboldt University Berlin) and Prof. Antonio Guarino, Ph.D. (University College London). We congratulate Kathleen on her success and wish her all the best for her future career.
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IFO on 20.07.2017, 08:00 h
ifo Viewpoint No. 188: Populist Blackmail and the EU

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IFO on 20.07.2017, 08:00 h
Fuest: ECB Needs Strategy for Phasing Out Ultra-Expansionary Monetary Policy

ifo President Clemens Fuest has called on the European Central Bank (ECB) to announce a strategy for phasing out its ultra-expansionary monetary policy now, so that the financial markets can adapt to it. ( more )