Ifo Survey Data in Business Cycle and Monetary Policy Analysis

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Jan-Egbert Sturm, T. Wollmershäuser
Springer Science & Business Media, Mar 30, 2006 - Business & Economics - 224 pages
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A pilot ?ying to a distant city needs to check his position, ?ight path and weather conditions, and must constantly keep his plane under control to land safely.TheIfosurveydataprovideadvanceinformationonchangingeconomic weather conditions and help keep the economy under control. To be sure, by their very nature they only provide short-term information. But like a plane, the economy will not be able to reach its long-term goals if it strays o? course in the short term. The Ifo survey data provide the most comprehensive and accurate, - to-date database in Europe on the state of the business cycle, and the Ifo climate indicator, sometimes simply called “The Ifo”, is the most frequently cited indicator of its kind in Europe. Both the European stock market and theeuroreacttoourindicator.Ifo’smethodologyfordeterminingthebusiness climateindicatorhasbeenexportedtomorethan?ftycountries,mostrecently toTurkeyandChina.TheIfopeoplewereproudtohavebeenaskedtohelpset up polling systems in these countries. It is said that the Chinese government relies more on their “Ifo indicator” than on their o?cial accounting statistics.
 

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Contents

Survey Activity of the Ifo Institute
1
Forecasting Quarterly German GDP at Monthly Intervals
17
Stefan Mittnik Peter Zadrozny 19
49
Do Ifo Indicators Help Explain Revisions in German
93
A Methodological
115
Firm Size and Monetary Policy Transmission Evidence from
145
The Role of the Ifo Business Climate Indicator and Asset
173
New Results
202
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About the author (2006)

Jan-Egbert Sturm is Professor of Applied Macroeconomics and Director of KOF Swiss Economic Institute at ETH Zurich.