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GmbH
1
Munich Society for the Promotion of Economic Research
– CESifo GmbH
The CESifo Group, consisting of the Center for Economic Studies (CES), the Ifo Institute and the CESifo
GmbH (Munich Society for the Promotion of Economic Research) is a research association, unique in Europe, whose aim is to create an internationally respected centre for economic research and economicpolicy discussion. It's specific goals are:
•
•
•
Members in the CESifo Research Network by Region
Areas
North America
Germany
Rest of Europe (west and south)
Scandinavian countries
Others
to link empirical and theoretical economic research,
to lend economics a stronger voice in economic-policy discussions, and
to build up a world-wide network of outstan
ding economists.
in %
27.30
24.32
31.35
13.51
3.52
Members in the CESifo Research Network According
to Fields
Special fields
Macroeconomics and international finance
Public sector economics
Microeconomics / industrial organisation
Social policy / labour market economics
The CESifo GbmH contributes to these goals by providing the platform for the international activities of the
CESifo Group. In the third year since its foundation, CESifo has made considerable progress in achieving these
goals. The theoretical research at CES and the application orientation of the Ifo Institute were combined
by numerous measures so that the research output
could be enhanced for the mutual advantage of both.
These include research projects jointly undertaken by
CES and Ifo economists, or the integration of Ifo staff
in university teaching. A further important step for the
intensification of the mutual exchanges was the appointment of professors Viktor Steiner (labour markets
and social security) and Jan-Egbert Sturm (macroeconomics and financial markets), who, in addition to their
teaching and research activity at CES, were given the
tasks of research director or department head at the
Ifo Institute.This co-operation between CES and Ifo Institute will be enlarged in 2002 with the appointment
of three more professors.
in %
26.13
40.43
18.06
15.38
The specialisation coverage of the research members
was optimized in the year 2001 by the foundation of
a fourth field of research. Alongside the inter-nationally acclaimed economists Peter B. Sørensen (Copenhagen University; head of the »public sector« field),
Jonas Agell (Stockholm University; head of the »labour
markets and social security« field) and Paul de Grauwe
(Catholic University of Leuven; head of the »international finance and macroeconomics« field), CESifo has
gained the services of Christian Gollier (Toulouse University) as research head of the »industrial organisation« field.
All researchers combined in the network are supplied
regularly with the English-language CESifo publications
and informed about current activities.The members of
each research area have the opportunity to participate
in conferences organized specifically for their field of research. The promotion of scientific exchanges is the
goal of the conferences for network members as well
as the intensification of ties to CESifo.
The CESifo research network has gained in attractiveness and importance by expanding in membership
and establishing a fourth research field (applied microeconomics). The annual conferences facilitate the
exchanges within the network and impress Munich as
an economics research centre on the con-sciousness
of the international scientific community.
Publications
In order to influence the economics discussion in Europe for different target audiences, CESifo has developed a series of publications. In the book series at
MIT Press, research projects are published. The CESifo Working Paper Series gives members the opportunity to make their work public in advance of publication. In 2001, 225 Working Papers were published.
Research Network
In 2001 numerous established economists joined the
research network, which now consists of 370 members, 40 more than in 2000.
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Ifo Annual
Repor t
2001
CESifo
activities
ti (Rome), John Flemming (Oxford), Seppo Honkapohja (Helsinki),Willi Leibfritz (OECD, Paris), Gilles SaintPaul (Toulouse), Hans-Werner Sinn (CESifo) and
Xavier Vives (INSEAD, Fontainebleau). This choice of
group members allows an effective transfer of academic research results to economic-policy deliberations.
Reports appear on an annual basis.
Number of CESifo Papers Among the 60–days
Top–Ten SSRN Downloads of
Economic Research Institutes’ Papers.
(NBER, CEPR, CESifo, CFEEA, IZA, PIER, CLEO)
CESifo Tandem Programme
The tandem-programme research projects made further progress in 2001. With the projects begun in the
previous year, considerable headway has been made. In
2001 the first results were presented at workshops in
Munich. This is the basis for manuscript completion
and submission for the CESifo series at MIT Press.The
topics include an analysis of European monetary policies and current economy-policy discussion of social
security reform.
Source: SSRN.com
The papers are mailed to libraries and individuals.
These papers are also offered on-line by SSRN (Social
Science Research Network). They are available electronically from the CESifo Website and the on-line
service SSRN (Social Science Research Network),
which regularly distributes working paper abstracts to
more than 3000 subscribers. The most impor tant
working paper series and international economic institutes are in SSRN. CESifo papers have been among
the top ten downloads for the entire SSRN, and they
consistently rank among the top ten in the category of
Economics Research Institutes (figure).
Ifo Annual
Repor t
Events
The second CESifo Venice Summer Institute was organized around the three topics of fiscal crises, industrial economics and environmental economics. In total
33 participants from 12 countries discussed the causes of international financial crises and the effects of the
UMTS auctions in Europe. The atmosphere of the
CESifo Venice Summer Institute was marked by a stimulating exchange of ideas, with newest research findings
being applied to the issues at hand.
The CESifo Website makes available the research and
service products of CES and Ifo on a uniform platform.
With its products CESifo covers the entire palette of
academic research from discussion of current policy issues up to the provision of empirical economic data.
Video presentations are also being incorporated into
the Website. The Internet Forum enables the exchanges of viewpoints on current economic-policy issues and thus a rapid transfer of knowledge.
In addition to the Venice Summer Institute, CESifo organised a further 10 conferences that dealt with the
questions of the EU eastern enlargement, labour market regulation and the reform of the social security systems.The conferences brought numerous economists
to the Ifo Institute, underscoring the position of the Institute as a leading service institution for economics.
The individual conferences were as follows.
In 2001 the »European Economic Advisory Group at
CESifo« was created, whose first report on assessments of the European economy was presented at
the beginning of 2002.The EEAG consists of the economists Lars Calmfors (Stockholm), Giancarlo Corset-
• Public Finances and Public Policy in the New
Millennium
A Conference on the occasion of Richard Musgrave’s 90th and CES’s 10th birthdays
• CESifo International Spring Conference: »Prospects
for the European Economy«
2001
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CESifo
• Area Conference on Public Sector Economics
• Area Conference on Marco, Money & International
Finance
• Conference on Growth and Inequality: Issues and
Policy Implications
• Conference (Norwegian-German Seminar on
Public Economics) on Redistribution and Employment: New Policies for the New Millennium
• Area Conference on Employment and Social Protection
• Venice Summer Institute
Financial Crisis and Recovery
Environmental Economics and the Economics of
Congestion: Coping with Externalities Industrial
Organisation
• ISPE Conference on Labour Market Institutions and
Public Regulation
• Spectrum Auctions and Competition in Telecommunication
• Corporate and Capital Income Taxation in the
European Union: The EU Commission Report on
Company Taxation and Beyond
• Delphi Conference on Managing EU Enlargement
activities
versity of Munich, Brookings Institution, Whar ton
School / Univ. of Pennsylvania (USA), Imperial College
(UK), Frisch Centre for Economic Research (Norway),
IIASA (Austria), Univ. of New South Wales (Australia),
KDI (Korea), Univ. Kyoto, Univ.Tokyo, MRI (Japan), the
Economic and Social Research Institute (ESRI) of the
Government of Japan, April 2000 to March 2002.
Current Joint Projects
Changes of Companies’ Strategies and
Structures in Germany with Regard to New
Financing Tools and Trends in I&C Technologies
H.-G.Vieweg, M. Reinhard in co-operation with A.Weichenrieder, Center for Economic Studies (CES), University Munich, for the Federal Ministry for Economics
and Technology, September 2000 to March 2002.
CESifo Seminars
Tommaso Padoa-Schioppa, European Central
Bank
»The EU Facing the US Miracle«, 15 January 2001.
Since 2001, the »Munich Seminars« have been conducted together with the Süddeutsche Zeitung. In
2001, 13 top-ranking business and university experts
were featured as speakers. Particularly economic-policy oriented questions stood in the foreground. The
lectures were aimed at practitioners, policy-makers
and academics.
Hannelore Weck-Hannemann, University of Innsbruck
»Zur Akzeptanz von Preisinstrumenten in der Umwelt- und Verkehrspolitik«, 22 January 2001.
Juergen B. Donges, University of Cologne
»Arbeitsplätze durch Arbeitsmarktöffnung«, 12 February 2001.
The research co-operation supported by CESifo between the Ifo Institute and Ludwig Maximilian University was mutually beneficial in 2001, and this positive
development will continue to be promoted in 2002.
Axel Börsch-Supan, University of Mannheim
»Would You Like to Shrink the Welfare State? The
Opinions of European Citizens«, 19 February 2001.
Joint Projects of the Ifo Institute and
CES Completed in 2001
Vito Tanzi, IWF und Carnegie Endowment for International Peace, Washington DC
»Globalization and the Future of Social Protection«,
5 March 2001
Old-age Provision in Ageing Societies: Equity,
Efficiency, and Sustainability
R. Fenge, M. Werding (Ifo) in co-operation with S.
Übelmesser, Center for Economic Studies (CES), Uni-
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Ifo Annual
Repor t
2001
CESifo
activities
Munich Seminars
CESifo Conferences
In April 2001, a new seminar series was established by
the CESifo Group and the Süddeutsche Zeitung. In
this series, economists address economic-policy issues
of practical relevance and fundamental importance.
The Munich Seminars replace the previous CESifo seminar series.
Public Finances and Public Policy in the
New Millennium
A Conference on the occasion of Richard Musgrave’s
90th and CES’s 10th birthdays
12 to 13 January 2001 (Munich).
Joel Slemrod, University of Michigan
»Trust in Public Finance«
Jonas Agell, University of Uppsala
»Why Wage Rigidity? The View of Wage Setters«,
7 Mai 2001.
Assar Lindbeck, Stockholm University
»New Tides for the Welfare State«
Paul de Grauwe, University of Leuven
»Money, Prices and Exchange Rates: A Long Run Perspective«, 14 Mai 2001.
David Bradford, Princeton University and NYU
School of Law
»Reforming Budgetary Language«
Norbert Bensel, Executive Board DaimlerChrysler
Services AG
»Zielvereinbarungen – Fluch oder Segen für Mitarbeiter und Unternehmen?«, 2 July 2001.
John Douglas Wilson, Michigan State University
»The Property Tax: Competing Views and a Hybrid
Theory«
Martin Hüfner, HypoVereinsbank AG
»Wirtschafts- und währungspolitische Probleme des
Eurobargeldumtausches«, 9 July 2001.
Alan J.Auerbach, University of California, Berkeley
»Taxation and Imperfect Competition: New Results«
Agnar Sandmo, Norwegian School of Economics
and Business Administration
»Bridging the Tax-Expenditure Gap: Green Taxes and
the Marginal Cost of Funds«
Michael Burda, Humboldt University, Berlin
»From Reunification to Regional Integration: Productivity and Labor Markets in East Germany«, 19 November 2001.
Sijbren Cnossen, University of Rotterdam
»Fundamental Tax Reform in the Netherlands«
Wolfgang Wiegard, University of Regensburg and
member of the Council of Economic Advisers
»Das Jahresgutachten des Sachverständigenrats
2001/02«, 26 November 2001.
Roger Gordon, University of California at San
Diego
»Tax Policy and the Demand for Privatization in the
Postwar Era«
Gerhard Illing, Universität of Munich
»Der IWF als Krisenmanager – Ist ‘Bailing in’ eine Alternative?«, 10 December 2001.
Peter Birch Sørensen, University of Copenhagen
»Social Insurance Based on Private Saving Accounts«
C.C. von Weizsäcker, University of Cologne
»Missbrauchsaufsicht über marktbeherrschende
Unternehmen: Kann die Theorie der Praxis helfen?«, 17
December 2001.
Ifo Annual
Repor t
2001
Harvey S. Rosen and Craig W. Perry, Princeton
University
»Insurance and the Utilization of Medical Services
Among the Self-Employed«
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CESifo
Hans Werner Sinn, University of Munich
and Ifo Institute
»Demographic Crisis and Partial Funding of Pensions«
Gernot Nerb, Ifo Institute
»EU Business Surveys: Bright Prospects for Manufacturing? Expectations by Sectors«
Robin Boadway, Queen's University
»Social Insurance and Redistribution«
CESifo Workshop on Public Pensions
activities
2 to 3 May 2001 (Munich).
Kai Konrad, FU Berlin
»Public Goods in Weak Federations:The Role of Future Negotiations«
Johann Brunner, University of Linz
»Adverse Selection in the Annuity Market when Payoffs Vary over the Time of Retirement«
Richard M. Bird, University of Toronto
»Sharing the Income and Sales Tax Base in an International Economy«
Eytan Sheshinski, University of Jerusalem
»Annuities and Retirement«
Wolfram Richter, University of Dortmund
»Delayed Integration of Mobile Labor: A Principle for
Coordinating Taxation, Social Security, and Social Assistance«
Henning Bohn, University of California, Santa Barbara
»Retirement Savings in an Aging Society: A Case for Innovative Government Debt Management to Facilitate
Risk Sharing«
Henry Tulkens, Université Catholique de Louvain
»On Cooperation among Federated Entities«
Andreas Wagener, University of Siegen
»Towards the Political Economy of Intergenerational
Risk Sharing within Social Security Schemes«
CESifo International Spring Conference: »Prospects for the European Economy«
Jean-Marie Lozachmeur, CREPP
»Social Security and Variable Retirement Schemes. An
Optimal Taxation Approach«
1 to 2 March 2001 (Munich).
Mathias Kifmann, University of Constance
»Demographic Changes and the Implicit Tax Rate in a
Pay-As-You-Go Pension System«
Barry Bosworth, The Brookings Institution
»Forecast for the United States: Soft or Hard
Landing?«
Alessandro Cigno, University of Florence
»The Role of Social Security in Household Decisions:
Var Estimates of Saving and Fer tility Behaviour in
Germany«
Willi Leibfritz, Ifo Institute
»Forecast for Europe:Temporary Slowdown?«
Ignazio Visco, OECD
»Challenges and Risks for the World Economy«
Florence Legros, CEPII
»Settlement and Impact of a Reserve Fund within the
French PAYG Scheme in a Demoeconomic Model«
Hans-Werner Sinn, University of Munich and Ifo
Institute
»EU Enlargement, Migration and Germany’s Demographic Crisis«
Reinhold Schnabel, University of Essen
»Micro-Modelling of Retirement Decisions in Germany«
Christian de Boissieu, CCIP
»Productivity in Manufacturing Industries – How the
New Economy Drives Efficiency«
Georges Casamatta, University of Toulouse
»Voting on Pensions with Endogenous Retirement
Age«
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Ifo Annual
Repor t
2001
CESifo
activities
Harrie Verbon, Tilburg University
»The Politics of Pension Reform under Aging«
Dieter Bös, University of Bonn
»Anarchy, Efficiency, and Redistribution«
Alexander Haupt, University of Frankfurt/Oder
»Voting on Public Pensions with Hand and Feet: How
Young Migrants Try to Escape from Gerontocracy«
Efraim Sadka, University of Tel Aviv
»The Aging Population and the Size of the Welfare
State«
Gregory Hess, Oberlin College
»Is the Political Business Cycle for Real?«
CESifo Area Conference on Public
Sector Economics
4 to 5 May 2001 (Munich).
Berthold Wigger, University of Mannheim
»On the Intergenerational Incidence of Wage and
Consumption Taxes«
Jeremy Edwards, Cambridge University
»Cost-Benefit Rules for Public Good Provision with
Distortionary Taxation«
Anna Pettini, University of Florence
»Endogenous Fer tility and the Design of Family
Taxation«
Sören Blomquist, University of Uppsala
»The Role of Prices on Excludable Public Goods«
Peter J. Lambert, University of York
»Progressivity Comparisons«
Michael S. Michael, University of Cyprus
»Tax Competition, Capital Mobility and Public Good
Provision within a Trading Block«
Paolo Panteghini, University of Brescia
»Incentives to Irreversible Investments under Different
Regulatory Regimes«
Apostolis Philippopoulos, Athens University of
Economics and Business
»Are Nash Tax Rates Too Low or Too High?«
Pascalis Raimondos-Moller, Copenhagen Business
School
Eckhard Janeba, University of Colorado
»Is Targeted Tax Competition Less Harmful than its
Remedies?«
»Tax Principles and Tax Harmonization Under Imperfect Competition: A Cautionary Example«
Stephen Smith, University College London
»The Economics of Duty-Free Shopping«
Wolfgang Eggert, University of Constance
»Information Sharing, Multiple Nash Equilibria and
Asymmetric Capital-Tax Competition«
Syed Ahsan, Concordia University, Montreal
»Taxation and Risky Human Capital Accumulation«
Mark Gradstein, Ben Gurion University
»The Political Economy of Sustainable Federations«
Ifo Annual
Repor t
Christoph Schaltegger, University of St. Gallen
»On Government Centralization and Budget Referendums: Evidence from Switzerland«
Vesa Kannianen, University of Helsinki
»Taxation of Venture Capital Industry:The Problems of
Imperfect Loss Offset and Unobservable Effort«
Matthias Wrede, Technische Universität Aachen
»Fiscal Equalisation: Principles and an Application to
the European Union«
Clemens Fuest, University of Munich
»Why is the Corporate Tax Rate Lower than the
Personal Tax Rate? The Role of New Firms«
2001
66
CESifo
CESifo Area Conference on Macro,
Money & International Finance
11 bis 12 May 2001 (Munich).
Yin-Wong Cheung, University of California
»A Reappraisal of the Excess Volatility of Cross Border
Relative Prices«
Anton Muscatelli, University of Glasgow
»Inflation Targets, Central Bank Reform and Interest
Rate Policy in the OECD Countries«
Hans Gersbach, University of Heidelberg
»The Dynamics of Deposit Insurance and the Consumption Trap«
Carsten Hefeker, University of Basel
»Optimal Central Bank Conservatism and Monopoly
Trade Unions«
CESifo Conference on Growth and Inequality: Issues and Policy Implications
activities
18 to 20 May 2001 (Munich).
Jan-Egbert Sturm, University of Groningen
»Central Bank Independence and Inflation in Developing Countries«
Omer Moav, Hebrew University
»Cheap Children and the Persistence of Poverty«
Steinar Holden, University of Oslo
»Monetary Policy and Nominal Rigidities under Low
Inflation«
François Bourguignon, DELTA and World Bank
»The Pace of Economic Growth and Poverty Reduction«
Joseph Plasmans, University of Antwerp
»Monetary and Fiscal Policy Interaction in EMU: A Dynamic Game Approach«
Eswar Prasad, Yale University and IMF
»Inequality,Transfers and Growth: New Evidence from
Economic Transition in Poland«
Michael Funke, University of Hamburg
»Macroeconomic Shocks in Euroland vs the UK: Supply, Demand or Nominal?«
Oleksiy Ivaschenko, Goteborg University
»Growth and Inequality: Evidence from Transitional
Economies in the 1990s«
Wolf Wagner, Tel Aviv University
»The Feasible Gains from International Risk Sharing«
David Jesuit, CEPS/INSTEAD
»Regional Economic Growth and Income Inequality:
Preliminary Evidence from the Luxembourg Income
Study«
Giancarlo Gandolfo, University of Rome
»Endogenous Growth in an Open Economy and the
Real Exchange Rate«
Stephen J.Turnovsky, University of Washington
»Tax Reforms and Inequality: Empirical and Theoretical
Implications«
Jerome Stein, Brown University
»Equilibrium Value of the Euro/$ Exchange Rate«
William Easterly, World Bank
»The Middle Class Consensus and Economic Development«
Hans-Werner Sinn, University of Munich and Ifo
Institute
»Why has the Euro Been Falling? An Investigation into
the Determinants of the Exchange Rate«
Itzhak Zilcha, University of Tel Aviv
»Human Capital Formation, Income Distribution and
Growth«
Ronald MacDonald, University of Strathclyde
»PPP and the Balassa Samuelson Effect: the Role of the
Distribution Sector«
67
Ifo Annual
Repor t
2001
CESifo
activities
Günther Rehme, Technical University of Darmstadt
»Redistribution of Personal Incomes, Education and
Economic Performance Across Countries«
Wolfgang Ochel, Ifo Institute
»Welfare to Work in the USA. Model for German«
Ronnie Schöb, CESifo
»Workfare and Trade Unions: Labour Market Repercussions of Welfare Reform«
Campbell Leith, University of Glasgow
»Wage Inequality and the Effort Incentive Effects of
Technical Progress«
Danny Quah, London School of Economics
»Some Simple Arithmetic on How Income Inequality
and Economic Growth Matter«
Frederik Carlsen, Norwegian University of Science
and Technology
»Migration, Local Economic Conditions and Amenities«
CESifo MIT-Book Workshop
Bertold Wigger, University of Mannheim
»Trade Union Objectives and Economic Growth«
13 June 2001 (Munich).
Annette Alstadæter, Norwegian School of Economics and Business Administration
»Does the Tax System Encourage too Much Education?«
Sylvester Eijffinger, Tilburg University, Jakob de
Haan, University of Groningen, Sandra Waller, ifo
Institut
»The European Central Bank«
Laslo Goerke, University of Constance
»Redundancy Pay and Collective Dismissals«
CESifo MIT-Book Workshop
15 June 2001 (Munich).
Lars-Erik Borge, Norwegian University of Science
and Technology
»Income Distribution and Tax Structure: Empirical Analysis of Proper ty Taxation and Utility Charges in
Norway«
Geir Asheim, University of Oslo, Wolfgang Buchholz, Universität Regenburg, Ursula Triebswetter,
Ifo Institute
»Green Accounting«
Ifo Annual
Repor t
CESifo Conference (Norwegian-German Seminar on Public Economics) on
Redistribution and Employment: New
Policies for the New Millennium
CESifo Area Conference on Employment and Social Protection
15 to 16 June 2001 (Munich).
In co-operation with The Norwegian School of Economics and Business Administration.
Lawrence Kahn, Cornell University
»Do Cognitive Test Scores Explain Higher US Wage Inequality?«
Fred Schroyen, Norwegian School of Economics
and Business Administration
»Work Requirements and Long Term Poverty«
Josef Falkinger, University of Zürich
»Work Organization,Wage Pressure in the Secondary
Labor Market, and the Green Card«
Bertil Tungodden, Norwegian School of Economics
and Business Administration
»Responsibility and Redistribution: The Case of First
Best Taxation«
Bertil Holmlund, Uppsala University
»Optimal Taxation in Search Equilibrium with Home
Production«
2001
29 to 30 June 2001 (Munich).
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CESifo
Giorgio Brunello, University of Padua
»Beyond National Institutions: Labor Taxes and Regional Unemployment in Italy«
Margarita Katsimi, Athens University of Economics and Business
»Efficiency Wages, Job Security and Training«
Alessandro Cigno, University of Florence
»Child Labour, Education, Fertility and Survival in Rural
India«
Josef Zweimüller, University of Zürich
»How Does Maximum Unemployment Benefit Duration Affect the Transition Rate to Jobs? Accounting for
Policy Endogeneity«
Stephan Klasen, University of Munich
»Surviving Unemployment without State Support: Unemployment and Household Formation in South Africa«
activities
Rainer Fehn, University of Würzburg
»Institutions and Structural Unemployment: Do Capitalmarket Imperfections Matter?«
Armin Frank, University of Zürich
»Contractual Incompleteness and the Nature of Market Interactions«
CESifo Venice Summer Institute
15 to 22 July 2001 (San Servolo).
Financial Crisis and Recovery
16 to17 July 2001
Volker Meier, Ifo Institute
»Setting Incentives:Temporary Performance Premiums
Versus Promotion Tournaments«
Andrew Rose, Haas School of Business, UC Berkeley
»Financial Crises: Where Do We Stand?«
David Blanchflower, Dartmouth College
»What Can Be Done to Reduce the High Levels of
Youth Unemployment in the World?«
Olivier Jeanne, IMF
»International Bailouts, Financial Transparency and Moral Hazard«
Torben M.Andersen, University of Aarhus
»European Integration: A Race to the Bottom in Social Standards?«
Hans Gersbach, University of Heidelberg
»The Funds Concentration Effect and Discriminatory
Bailout«
Thomas Moutos, Athens University of Economics
and Business
»The Unemployment Consequences of Unbiased
Technical Change: Policy Responses and Distributional
Considerations«
Craig Burnside, The World Bank
»Prospective Deficits and the Asian Currency Crisis«
Giancarlo Corsetti, University of Rome
»The Role of Large Players in Currency Crises«
Louis Chistofides, University of Guelph
»Nominal Wage Rigidity: Non-parametric Tests Based
on Union Data for Canada«
Gaston Gelos, IMF
»A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds«
Jim Malley, University of Glasgow
»Monopolistic Competition, Efficiency Wages and Perverse Effects of Demand Shocks«
Romain Ranciere, New York University
»Financial Development, Financial Fragility and
Growth«
Andrea Ichino, European University Institute
»The Effect of Employment Protection on Worker
Effor t: A Comparison of Absenteeism During and
After Probation«
69
Ifo Annual
Repor t
2001
CESifo
activities
Chandima Mendis, Washington DC
»External Shocks and Banking Crises in Developing
Countries: Does the Exchange Rate Regime Matter?«
Lawrence Goulder, Stanford University
»Efficiency Costs of Meeting Distributional Constraints
in Environmental Policy«
Aaron Tornell, University of California, Los Angeles
»Balance Sheet Effects, Bailout Guarantees and Financial Crises«
Karl-Gustaf Löfgren, Umeá University
»International Cooperation over Green Taxes: On the
Impossibility of Achieving a Probability-One Gain«
Dalia Marin, University of Munich (LMU)
»Financial Crisis and Banking Development in Russia«
Klaus Conrad, University of Mannheim
»The Optimal Path of Energy and CO2 Taxes for Intertemporal Resource Allocation«
Environmental Economics and the Economics of
Congestion: Coping with Externalities
Nathalie Simon, EPA
»Age, Health and the Willingness to Pay for Mortality
Risk Reductions: A Contingent Valuation Survey of Ontario Residents«
18 to 19 July 2001
Richard Arnott, Boston College
»Alternative to Congestion Pricing«
Christian Gollier, IDEI, University of Toulouse
»Should We Be Aware of the Precautionary Principle?«
David Newberry, Cambridge University
»Urban Congestion Charging:Theory, Practice and Environmental Consequences«
Industrial Organisation
Edward Calthrop, University of Leuven
»On Subsidising Auto-Commuting«
20 to 21 July 2001
Olaf Hölzer, University of Heidelberg
»Emissions and Congestion by Private and Public Traffic«
Mark Armstrong, Oxford University
»The Theory of Access Pricing and Interconnection in
Network Industries«
Ian W.H. Parry, Resources for the Future,Washington,
D.C.
«Does Britain or America Have the Right Gasoline
Tax?«
Huw Dixon, University of York
»Technological Change, Entry and Stock Market Dynamics: An Analysis of Transition in a Monopolistic Industry«
Don Fullerton, University of Texas
»Tax and Subsidy Combinations for the Control of
Car Pollution«
Kai Konrad, WZB, Berlin
»Merger and Collusion in Contests«
Toker Doganoglu, University of Kiel
»Network Competition and Access Charge Rules«
Bruno de Borger, University of Antwerp
»Discrete Choice Models and Optimal Twopart Tariffs
in the Presence of Externalities: Optimal Taxation of
Cars«
Justus Haucap, University of the Armed Forces,
Hamburg
»Selective Price Cuts and Uniform Pricing Rules in
Network Industries«
Christoph Boehringer, Zentrum für Europäische
Wirtschaftsforschung (ZEW), Mannheim
»Efficiency and Employment Implications of Tax Differentiation Between the Production Sector and the
Household Sector«
Ifo Annual
Repor t
2001
Friedel Bolle, European University Frankfurt/Oder
»Spectrum Auctions: How They Should and How They
Should Not Be Shaped«
70
CESifo
Elmar Wolfstetter, Humboldt University, Berlin
»The Swiss UMTS Spectrum Auction Fiasco: Bad Luck
or Bad Design?«
activities
Coen Teulings, University Rotterdam
»Education and Efficient Redistribution«
Maria Helmström, Office of Labor Market Policy,
Uppsala
»Does Active Labour Market Policy Work? Lessons
from the Swedish Experiences«
Marco Haan, University of Groningen
»The Economics of Free Internet Access«
Steffen Hoernig, University of Lisboa
»Universal Service Obligations: Should They Be Imposed on Enfants?«
Rafael Lalive, University of Zürich
»How Does Maximum Unemployment Benefit Duration Affect the Transition Rate to Jobs? Accounting for
Policy Endogeneity«
Jay Pil Choi, Michigan State University
»Tying and the Dynamic Entry Process«
Maria Laura Parisi, University of Padua
»Labor Taxes and Wage Setting. Evidence from Italy«
Diana Barrewclough, Cambridge University
»Seeing Double? Duplication, Diversity and the Public
Good of Television«
Vicente J. Pallardo, University of Valencia
»Wage Bargaining Centralization and Macroeconomic
Performance: An Experimental Approach«
John Evans, University of Amsterdam
»Entry Regulation and the Influence of an Incumbent
Special Interest Group«
William Scarth, McMaster University, Ontario
»Macroeconomic Consequences of Basic Income«
CESifo MIT-Book Workshop
24 September 2001 (Munich).
Laszlo Goerke, University of Constance
»On the Political Economy of Dismissal Pay«
Aaron Tornell, UCLA, Frank Westermann,
CESifo
»Financial Crisis and Recovery«
CESifo Conference on Spectrum Auctions and Competition in Telecommunication
22 to 23 November 2001 (Munich).
CESifo and ISPE Conference on Labour Market Institutions and Public
Regulation
26 to 27 October 2001 (Munich).
Ingo Vogelsang, Boston University
»Cross Fertilization Between the U.S. and European
Telecommunications Regulation«
Gilles Saint-Paul, University of Toulouse
»Flexibility vs. Rigidity: Does Spain Have the Worst of
Both Worlds?«
Martin Peitz, University of Frankfurt/Main
»New Competition in Telecommunications Markets:
Regulatory Pricing Principles«
Susan Vroman, Georgetown University
»Optimal Unemployment Insurance in Equilibrium
Search Models«
Klaus Abbink, University of Nottingham
»The Behavioural Approach to the Strategic Analysis
of Spectrum Auctions:The Case of the German DCS1800 Auction«
Lars Feld, University of St.Gallen
»Growth, Unemployment, Investment, and Employment Protection Legislation: Panel Evidence for the
EU-12 from 1970 to 1996«
Benny Moldovano, University of Mannheim
»Licence Auctions«
71
Ifo Annual
Repor t
2001
CESifo
activities
Elmar Wolfstetter, Humboldt University, Berlin
»The Third Generation (UMTS) Spectrum Auction in
Germany«
Theodore Georgakopoulos, Athens University of
Economics and Business
»Capital Tax Reform in Greece«
Tilman Boergers, University College London
»Rationalizing the UMTS Spectrum Bids – The Case of
the UK Auction«
Jean-Bernhard Chatelain, Banque de France
»Investment and the Cost of Capital and Monetary
Policy«
Eric van Damme, Tilburg University
»The Dutch UMTS Auction in Retrospect«
Thiess Büttner, University of Mannheim
»The Impact of Taxes and Public Spending on FDI«
Silvia Giannini, University of Bologna
»The Methodology of the EU Report«
CESifo Conference on Corporate and
Capital Income Taxation in the European Union: The EU Commission Report on Company Taxation and Beyond
Stephane Guimbert, The World Bank
»Tax Competition for Firms:To Cure and to Care«
7 to 8 December 2001 (Mons).
Christian Valenduc, Ministry of Finance, Belgium
»Are Effective Tax Rates Useful for Policy Makers?«
Sijbren Cnossen, University of Rotterdam
»Taxes on Capital in the EU: A Review of Issues and
Options«
Marcel Gérard, FUCAM
»Trends in Corporate Taxation in Europe, an Analysis«
Ruud de Mooij, CPB
»Taxation and FDI, a Synthesis of Empirical Approaches«
Joann Weiner, Tax Consultant, Brussels
»Unitary Taxation in the EU: A Dream Come True or
the EU's Worst Nightmare?«
Milan Sedmihradsky, University of Economics,
Prague
»Tax Competition for FDI in Central European Countries«
Sylvian Plasschaert, University of Antwerp
»The EU Tax on Consolidated Profits of MNE's Revisited«
Céline Maertens, European Commission
»A Fundamental Tax Reform in the EU?«
Jouko Ylä-Liedenpohja, University of Tampere
»Classical Corporation Tax as a Global Means of Tax
Harmonization«
Clemens Fuest, University of Cologne, Alfons
Weichenrieder, CESifo
»Tax Competition and Profit Shifting«
Peter B. Sörensen, University of Copenhagen
»A New Framework for Analyzing Tax Policy in the EU
and in the OECD«
Julian Alworth, Bocconi University, Milano
»The Taxation of Income in Italy: 1990 – 2001«
CESifo MIT-Book Workshop
12 December 2001 (Munich).
Jan Södersten, University of Uppsala
»Economic Effects of Taxing Closed Corporations under a Dual Income Tax«
Ifo Annual
Repor t
2001
Sylvester Eijffinger, Tilburg University, Jakob de
Haan, University of Groningen, Sandra Waller, Ifo
Institute, BLB
»The European Central Bank«
72
CESifo
CESifo-Delphi Conference on Managing EU Enlargement
14 to 15 December 2001 (Munich).
Tobias Müller,
»The Political Economy of Migration and EU Enlargement: Lessons from Switzerland«
Richard Baldwin, University of Geneva
»Keynote Speech on Managing EU Enlargement«
CESifo Forum
Reiner Eichenberger, University of Fribourg
»Enlarging the Union in Europe and Beyond:Towards
Flexible and Democratic Integration via FOCJ«
Spring 2001
Eculid Tsakalotos, Athens University of Economics
and Business
»The Euro, EU Enlargement and ERM II«
Challenges and Risks for the World Economy (Ignazio
Visco)
activities
Focus: Outlook on the World Economy and
the European Economy
The Outlook for the U.S. Economy: Soft or Hard Landing? (Barry Bosworth)
Ruud de Mooij, CPB
»EU Enlargement: Economic Implications for Countries and Industries«
Forecast for the European Economy (Willi Leibfritz)
Thomas Moutos, Athens University of Economics
and Business
»The Political Economy of EU Enlargement: Or,Why is
Japan not a Candidate Country?«
Pro and Contra:The U.S. Economy: Recession
Ahead?
Pro: Weakness Will Persist (William C. Dudley)
Contra: Economy Rebounding (Gail D. Fosler)
Svend Hougaard Jensen, Center for Economic
and Business Research, Copenhagen
»EMU, Enlargement and Structural Reform«
Special
Economics in Europe (Assas Lindbeck)
Christian Keuschnigg, University Saarland
»Eastern Enlargement of the EU: Jobs, Investment and
Welfare in Present Member Countries«
Spotlights
Jerome Stein, Brown University
»The Repercussions of EU Enlargement for the Equilibrium Value of the Euro«
DICE Reports
Daniel Gros, Center for European Policy Studies
»Who Needs an External Anchor?«
Trends
The East German Economy Stopped Catching Up
How Inflation Is Measured
Taxing CO2 in Europe
Economic Survey International
Statistical Update
Apostolis Philippopoulos, Athens University of
Economics and Business
»Optimal Union Membership Under Dynamic Tax
Competition«
Summer 2001
Editorial
In Defence of the Free Movement of Labour (HansWerner Sinn)
Michael Burda, Humboldt University, Berlin
»On the Dynamics of Factor Mobility and Regional
Economic Integration«
73
Ifo Annual
Repor t
2001
CESifo
activities
Focus: EU Eastern Enlargement
Autumn 2001
Challenges and Perspectives of EU Enlargement (Günter Verheugen)
Editorial
Exchange Rate Regimes and Economic Integration:The
Case of the Accession Countries (Jürgen Kröger and
Denis Redonnet)
Focus:The New Economy
Whither Systems Competition? (Hans-Werner Sinn)
eEurope: – Challenges and Opportunities (Erkki Liikanen)
Policy Implications of the New Economy (Ignazio Visco)
Eastern Enlargement: Trade and Industrial Location in
Europe (Mika Widgrén)
American Economic Growth in the Information Age
(Dale W. Jorgenson)
Exchange Rate Policy in the Run-up to EMU – The
Austrian Experience (Eduard Hochreiter)
Changing Patterns and Determinants of Growth
(Thomas Andersson)
Reflections on the »Eastern« Enlargement of the European Union (András Inotai)
The Digital Divide (Daniel Piazolo)
European Integration in Trade and FDI: A Dynamic
Perspective (Peter Egger)
Special
Pro and Contra:The Employment Principle
in the EU
The Deutschmark in Eastern Europe, Black Money and
the Euro: On the Size of the Effect (Hans-Werner Sinn
and Frank Westermann)
Pro: Before Proposing to Phase It out, We Should Try
to Enforce It (Tito Boeri)
Survey Results about Foreign Currency Holdings
in Five Central and Eastern European Countries (Helmut Stix)
Contra: Taxing Human Capital at Source Is Inefficient
and Harmful (Wolfram F. Richter)
Special
The Impact of Euro Notes and Coins (Francis Breedon
and Francesca Fornasari)
Immigration Following EU Eastern Enlargement (HansWerner Sinn and Martin Werding)
Spotlights
Selective Immigration Policies: Point System Versus
Auction Model (Wolfgang Ochel)
New EU Economic Sentiment Indicator and Ifo Business Climate West Germany
Implementing EU Legislation: Greece and France
Remain at the Bottom of the League
Spotlights
Why Has the DM-Share Fallen?
Should the EU Be Enlarged?
The CEEC: Economic Growth Spurred by Reforms
DICE Reports
DICE Reports
Trends
Intra-European Mobility
Economic Survey International
Statistical Update
The German Health Care System in an International
Comparison: Assessments and Reform Options
Trends
Economic Survey International
Statistical Update
Ifo Annual
Repor t
2001
74
CESifo
Winter 2001
activities
Institutional Incentives for early Retirement in the EU
Member States
Collective Bargaining Coverage in the OECD from the
1960s to the 1990s
Focus: Pensions in Aging Societies
The Changing Face of Private Retirement Saving in the
United States (James M. Poterba, Steven F. Venti and
David A. Wise)
ESI
Pension Reforms for Sustainability and Fairness (Heikki Oksanen)
Ifo Economic Survey International
Future Prospects for Notional Defined Contribution
Schemes (John B. Williamson)
Statistical Update
Trends
CESifo Working Papers by Ifo staff and
CESifo
Europe: Is there an Aging Crisis or is it a Public Pension
Problem? (Richard Disney)
Optimal Central Bank Conservatism and Monopoly
Trade Unions
H. Berger, C. Hefeker and R. Schöb, January 2001
Shrinking Labour Forces and Early Retirement
(Tryggvi T. Herbertsson)
The Enlargement of the European Union and the Redistribution of Seigniorage Wealth
H. Feist, January 2001
Early Retirement in Europe: A Call for action (Alain
Jousten)
Pro and Contra: Should the Internet be Regulated?
Equity Price Dynamics before and after the Introduction of the Euro: A Note
Y.-W. Cheung and F. Westermann, February 2001
Pro: Why the Internet Should Be Regulated (Robert
Shaw)
Measurement of Value Added Tax Evasion in Selected
EU Countries on the Basis of National Accounts Data
Ch.W. Nam, R. Parsche and B. Schaden, March 2001
Contra: Why the Internet Should Not Be Regulated
(David Post)
Special
Setting Incentives: Temporary Performance Premiums
versus Promotion Tournaments
V. Meier, March 2001
Flight from the Old Euro-Area Currencies (Hans-Werner Sinn)
Is there a Laffer Curve between Private Output and
Public Sector Employment? (Erkki Koskela)
Capital Controls and Exchange Rate Regimes: An Empirical Investigation
H. Berger, J.-E. Sturm and J. de Haan, March 2001
Spotlights
Globalisation is Good for You
Education as a Common Good: Noteworthy Success
of Thirty Years of Education Policy
Scandinavia is Cleanest
Municipal Finance in Poland, the Slovak Republic, the
Czech Republic and Hungary: Institutional Framework
and Recent Development
Ch.W. Nam and R. Parsche, April 2001
DICE Reports
Financial Fragility, Bubbles and Monetary Policy
G. Illing, April 2001
Services Are Different: Job Characteristics, Working
Conditions and Pay Levels in OECD Countries
75
Ifo Annual
Repor t
2001
CESifo
activities
Mobility and the Role of Education as a Commitment
Device
C.Thum and S. Übelmesser, April 2001
Risk Taking, Limited Liability and the Competition of
Bank Regulators
H.-W. Sinn, November 2001
To Peg or Not to Peg? A Simple Model of Exchange
Rate Regime Choice in Small Economies
H. Berger, H. Jensen and G. Schjelderup, April 2001
Trend and Cycles in U.S. Real GDP
G. Flaig, November 2001
Looking for Appropriate Forms of Intergovernmental
Transfers for Municipalities in Transition Economies
Ch.W. Nam and R. Parsche, Dezember 2001
Factor Price Equalization? The Cointegration Approach
Revisited
H. Berger and F. Westermann, April 2001
The New Systems Competition
H.-W. Sinn, December 2001
Regulation and Internet Access in Germany
M. Reutter, May 2001
Public Profit Sharing
R. Schöb, May 2001
Financial Incentives to Work – Conceptions and
Results in Great Britain, Ireland and Canada
W. Ochel, December 2001
Why has the Euro Been Falling?
H.-W. Sinn and F. Westermann, May 2001
In 2001 more than 170 CESifo Working Papers were
published and distributed to network members.
Sectoral Trends and Cycles in Germany
Y.-W. Cheung and F. Westermann, June 2001
Social Dumping in the Transformation Process?
H.-W. Sinn, June 2001
Inflation in Developing Countries: Does Central Bank
Independence Matter?
J.-E. Sturm and J. de Haan, June 2001
Welfare to Work in the U.S.: A Model for Germany?
W. Ochel, August 2001
Effects of Tax Depreciation Rules on Firms’ Investment
Decisions in an Inflationary Phase: Comparison of Net
Present Values in Selected OECD Countries
Ch.W. Nam, August 2001
Why Cities Should Not Be Subsidized
R. Fenge and V. Meier, August 2001
When Will the Germans Get Trapped in Their Pension
System?
H.-W. Sinn and S. Übelmesser, September 2001
Ifo Annual
Repor t
2001
76