Ifo Institute for Economic Research
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| Motto | Information und Forschung |
|---|---|
| Formation | 1949 |
| Merger of | Süddeutsches Institut für Wirtschaftsforschung Informations- und Forschungsstelle of the Bavarian Statistical Office |
| Legal status | Eingetragener Verein |
| Headquarters | Munich, Dresden |
| Location | |
| Coordinates | 48°09′10″N 11°36′18″E / 48.152842°N 11.605011°E |
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President
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Clemens Fuest |
| Affiliations |
Center for Economic Studies University of Munich |
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Staff
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193 employees |
| Website | www.ifo.de |
The Ifo Institute for Economic Research is a Munich-based research institution. Ifo is an acronym from Information and Forschung (research). As one of Germany's largest economic think-tanks, it analyses economic policy and is widely known for its monthly Ifo Business Climate Index for Germany. Its research output is significant: about a quarter of the articles published by German research institutes in international journals in economics in 2006 were from Ifo researchers.
According to its by-laws, the aim of the Ifo Institute is to conduct empirical research in the fields of economics and social science, and to supply data, information and research results in economics and economic policy. The results of Ifo’s work are made accessible to the general public and should – according to Ifo’s by-laws – support decision-making in academia, business, politics and administration.
The Ifo Institute is a registered society with the sole purpose of non-profit, economic and social research. Its by-laws constitute the legal foundation of the society. Ifo’s main organs are the Annual General Meeting, the Executive Board, the Ifo Administrative Council, the Board of Trustees and the Scientific Advisory Council. The Chairman of the Executive Board is also described in the by-laws as the Institute’s President. Alongside the President, the Executive Board may also have one to two further members. The Administrative Council supervises the Executive Board. It consists of two members from the Board of Trustees, two members from the University of Munich, a federal government representative, a Bavarian State government representative, the Chairman of the Scientific Administrative Council and further members who are elected by the Annual General Meeting. The aim of the Board of Trustees, as stated in the by-laws, is to support the Executive Board in fulfilling the society’s aims. According to Ifo’s by-laws, the Board of Trustees should have, “at least 20 members from academia, business, politics, trade unions and administration”.
Around two thirds of the Ifo Institute’s financing currently comes from public funds (in the form of joint research funding from the government and the Länder via the Leibniz Association), while around one third comes from the proceeds of third-party funded projects, which are mainly commissioned by public sector clients (“scientific policy advisory work”). Research for the private sector is relatively insignificant
The Ifo Institute is an institute “at the University of Munich”, which reflects its close links with the university.
The Dresden branch of Ifo is mainly financed by grants from the Free State of Saxony (as well as by a small amount of third-party funds).
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