ifo Institute

Shaping the Economic Debate
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Experts Expect Inflation to Remain High

Economists worldwide expect a persistently high level for inflation rates, according to the Economic Experts Survey, a quarterly survey of experts conducted by the ifo Institute. For 2025, the economists surveyed anticipate an average global rate of 4.0 percent, which is in line with the expectations of the previous quarter. Expectations for Germany over the next few years are stable at 2.4 percent for 2025 and 2.3 percent for 2026 and 2028. 

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Foto: Leere Kinderwippe auf einem alten Spielplatz
Birth Rate in Germany Would Have Dropped Even Without the Contraceptive Pill

The birth rate in Germany did not drop due to the introduction of the contraceptive pill. “Demographic change already started before access to the pill became widespread,” says ifo researcher Klara Lehmann. In West Germany, the birth rate fell from 2.45 children per woman (1961) to 1.92 ten years later; in East Germany, from 2.48 (1965) to 1.54 – but the decline there had started before 1964. The pill was therefore more of a contributing factor.

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Foto: Deutsches Gewerbegebiet aus der Vogelperspektive
Permanent Depreciation as a Growth Driver

Permanent Depreciation as a Growth Driver Declining balance depreciation under the Investment booster should be made permanent, according to the ifo Schnelldienst. Simulations show that both a cut in corporate tax rates and the introduction of declining balance depreciation increase the capital stock and investments in the long run.

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Business Climate
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ifo Business Climate Rises Slightly (July 2025)

Sentiment among German companies has improved somewhat. The ifo Business Climate Index rose to 88.6 points in July, up from 88.4 points in June. Companies were slightly more satisfied with current business. Their expectations, however, remained largely unchanged. The upturn in the German economy remains sluggish.

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Contributions in Refereed Journals

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The Global Persistence of Work from Home
Proceedings of the National Academy of Sciences 122, Nr. 27
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Debunking “Fake News” on Social Media: Short-Term and Longer-Term Effects of Fact Checking and Media Literacy Interventions
Journal of Public Economics 245
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Computers as stepping stones? Technological change and equality of labor market opportunities
Journal of Labor Economics 43, Nr. 2
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Researchers

ifo Institute is a science hub and also a place where researchers from all over the world come together. It is our researchers who are crucial to our success.

Get to know our researchers

Prof. Dr. Sarah Necker
Science by Conviction – A Portrait of Sarah Necker
Portrait

Sarah Necker chose a path in academia out of a deep conviction: a love for the pursuit of truth and the intellectual freedom that comes with it. After finishing school, she first trained as an advertising clerk. It was all about purchase decisions – understanding and influencing human behavior. That fascination stuck with her. 

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Prof. Dr. Niklas Potrafke
Between Society, Politics and the Economy – A Portrait of Niklas Potrafke
Portrait

Niklas Potrafke is Professor of Economics and Head of the Center for Public Finance and Political Economy at the ifo Institute. From an early age, he was fascinated by the question of how the state, society and the economy are interrelated – a curiosity that still drives him today to clearly identify complex connections and sometimes speak the uncomfortable truth.

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Portrait Annalí Casanueva
Science Against Inequality – A Portrait of Annalí Casanueva
Portrait

Annalí Casanueva’s journey to science began with a deep-rooted desire to change the world. She grew up in Mexico and was exposed to the harsh conditions of poverty and inequality that shaped her young ambitions. 

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Der Leiter der ifo Niederlassung in Dresden Marcel Thum
Research Without Blinders – A Portrait of Marcel Thum
Portrait

Marcel Thum’s professional journey began with curiosity, but also with doubts. During his doctorate, there were times in which his career progressed in a straight line, and others in which he had the feeling that nothing was working out at all. He first gained recognition very quickly, when he published research papers which passed the review process relatively smoothly early on in the dissertation phase – a moment that felt really good. 

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Lisandra Flach im Garten des ifo Instituts
Science as a Higher Purpose – A Portrait of Lisandra Flach
Portrait

It was clear early on that Lisandra Flach was drawn toward a career in science. Flach describes herself as someone who was always curious, even as a child. This motivation goes far beyond purely intellectual inquisitiveness.

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Portrait Sebastian Wichert
Finding Inspiration in Unconventional Ideas – A Portrait of Sebastian Wichert
Portrait

The Credibility Revolution in macroeconomics was a key factor that motivated Sebastian Wichert to pursue a career in science. 

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3 Questions for ...

The short interviews in the Annual Report 2024 assemble voices from inside the ifo Institute. They provide an insight into the diverse tasks and topics that move us - and show the people who contribute to the success of our work with their expertise and commitment: in research, management and service.

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Dr. Marie-Theres von Schickfus, seit 2023 stellvertretende Leiterin des ifo Zentrums für Energie, Klima und Ressourcen.
3 Questions for Marie-Theres von Schickfus
Article

Dr. Marie-Theres von Schickfus has been Deputy Director of the ifo Center for Energy, Climate, and Resources since 2023. Climate change and dwindling resources pose major challenges for society. How can adaptation be financed and who is responsible for doing that? How can the economy cope with structural change in the wake of decarbonization? Which instruments should be used to incentivize this change, and how can costs be shared fairly? Marie-Theres von Schickfus has answers to these pressing issues.

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Pia Heckl, Ph.D. ist seit 2024 wissenschaftliche Mitarbeiterin am ifo
3 Questions for Pia Heckl
Article

Pia Heckl, Ph.D., has been a postdoctoral researcher at the ifo Center for Labor and Demographic Economics since January 2024. Changes in the labor market and among the population always have consequences for society and the economy. In the Annual Report 2024 Pia Heckl talks about the reconciliation of work and familiy life after childbirth.

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Dr. Raphael Brade und Kaia Werkmeister
3 Questions for Raphael Brade
Article

Dr. Raphael Brade has been a postdoctoral researcher at the ifo Center for the Economics of Education since January 2023. How do differences in educational attainment arise, and how do they affect economic development? In his interview, Raphael Brade discusses the influence of high-achieving peers, the importance of social ties – and what companies can learn from this for their onboarding processes.

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Lisa Scheckenhofer (links) und Isabella Gourevich
3 Questions for Isabella Gourevich
Article

Isabella Gourevich has been a doctoral student at the ifo Center for International Economics since September 2021. How can economic globalization and technological change work together, and how can international dialogue bring about welfare gains? In her interview, Isabella Gourevich discusses the potential of a more integrated EU single market for services – and its economic implications.

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Prof. Dr. Sarah Necker, Leiterin des Ludwig Erhard ifo Zentrums für  Soziale Marktwirtschaft und Institutionen- ökonomik.
3 Questions for Sarah Necker
Article

Prof. Dr. Sarah Necker has been Director of the Ludwig Erhard ifo Center for Social Market Economy and Institutional Economics since June 2022. The social market economy is an internationally recognized economic and social model. It stands for the successful combination of economic efficiency and social balance. Sarah Necker shares insights of her day-to-day work in a short interview in the 2024 Annual Report.

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Annalí Casanueva Artís, Ph.D., leitet die Junior Research Group am ifo
3 Questions for Annalí Casanueva Artís
Article

Annalí Casanueva Artís, Ph.D., is Big Data Junior Research Group Leader and has been a postdoctoral researcher at the ifo Center for the Economics of Innovation and Digital Transformation since June 2023. In a short interview in the Annual Report 2024 she shares insights of her research activities.

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Prof. Panu Poutvaara, Ph.D., Leiter des ifo Zentrums für Migration und Entwicklungsökonomik.
3 Questions for Panu Poutvaara
Article

Prof. Panu Poutvaara has been Director of the ifo Center for Migration and Development Economics since 2010. In his short interview he discusses irregular migration and oppurtunites of legal labor immigration.

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Prof. Dr. Andreas Peichl, Leiter des ifo Zentrums für Makroökonomik und Befragungen.
3 Questions for Andreas Peichl
Article

Prof. Andreas Peichl has been Director of the ifo Center for Macroeconomics and Surveys since June 2017. He talks about problems with the current basic income support and the citizen's income.

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Dr. Cristina Rujan, Koordinatorin für Data Science-Weiterbildung am EBDC und ihr Kollege Victor Tuekam..
3 Questions for Cristina Rujan
Article

Dr. Cristina Rujan is Data Science Education Coordinator at the EBDC. In her short interview Cristina Rujan discusses the potential for AI in economic research.

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David Gstrein und Elena Herold promovieren seit 2021 am ifo.
3 Questions for David Gstrein and Elena Herold
Article

David Gstrein and Elena Herold have been PhD students in the ifo Institute’s Research Group on Taxation and Fiscal Policy since 2021. In their short interview they talk about their scientific research at universities abroad.

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CV Foto von Christine Kiening
3 Questions for Christine Kiening
Article

Christine Kiening, Head of Finance and Controlling at the ifo Institute since the summer of 2024, talks about her field of work in this short interview.

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Katharina Jakob, ifo Forschungsprofessor und CESifo Network Fellow Prof. Max Auffhammer und Julius Berger (v. l.)
3 Questions for Max Auffhammer
Article

Prof. Max Auffhammer is the Avice M. Saint Professor at the University of California, Berkeley. As an ifo Research Professor and CESifo Area Director, he organized the CESifo/ ifo Junior Workshop on Energy and Climate Economics 2024. In his short interview he answers questions on the Workshop.

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Prof. Dr. Marcel Thum ist seit 2004 Leiter der ifo Niederlassung Dresden.
3 Questions for Marcel Thum
Article

Prof. Dr. Marcel Thum has been Director of ifo Dresden since 2004. In his short interview, he addresses questions on pension policy and explains reform proposals.

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CV Foto Dr. Wolfgang Auer
3 Questions for Wolfgang Auer
Article

Dr. Wolfgang Auer has been Head of Central Services since 2024. He generates space for creative collaboration and determines the strategic direction of Central Services in consultation with the Executive Board.

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CESifo Network: Promoting Research Excellence

CESifo is a global network of more than 2000 members who are selected on the basis of their expertise and extensive experience in CESifo's research areas. Members are invited to join the network as Affiliates or Fellows after a research stay at the Center for Economic Studies or the ifo Institute.

CESifo

Networking at one of CESifos Area Conferences in Munich

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EconPol Europe: Evidence-Based Policy Debate

EconPol Europe is CESifo’s economic policy platform. EconPol’s mission is to contribute to the crafting of evidence-based, effective economic policy in the face of the rapidly evolving challenges faced by the European economies and their global partners.

EconPol Europe

Flaggen vor dem EU Parlament in Brüssel

About Us

The ifo Institute wants to help shape the economic policy debate in Germany and Europe. We can do this, because we combine excellent research with economic policy relevance. Our research findings provide policymakers and business leaders with a basis for making informed decisions.

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Clemens Fuest und Stephanie Dittmer im Gespräch
Clemens Fuest und Stephanie Dittmer im Gespräch

Partnerships

The ifo Institute does not stand alone, but is part of a strong network of international institutions from research, business and politics.

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Contact

ifo Institut – Leibniz-Institut für Wirtschaftsforschung
an der Universität München e.V.
Poschingerstr. 5, 81679 München

+49(89)9224-0 49(89)985369 ifo@ifo.de

ifo Institut – Niederlassung Dresden
Einsteinstraße 3, 01069 Dresden

+49(351)26476-0 +49(351)26476-20 dresden@ifo.de

Ludwig Erhard ifo Zentrum für Soziale Marktwirtschaft und Institutionenökonomik
Gartenstraße 6, 90762 Fürth

+49(911)477904-0

CESifo GmbH
Poschingerstr. 5, 81679 München

+49(89)9224-1410 49(89)9224-1409 office@cesifo.de

EconPol Europe
Poschingerstr. 5, 81679 München

+49(89)9224-0 info@econpol.eu