This EU supported Specific Targeted Research Project (STREP) had been conducted by a European Consortium composed of eight research institutions. Ifo's part within this larger programme was (a) to analyse the fiscal effects of privatization and (b) to assess the valuation of privatization...

Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a sound financial position. A sound financial position of...

World Economic Climate brightens - Economic Expectations Improved particularly in the US - Inflation in 2002 Expected to Be Lower than in 2001 - Limited Scope for Further Cuts in Short-term Interest Rates - Euro Still Regarded as Clearly Undervalued - Umemployment and Insufficient Demand Remain...

World Economic Climate soared in April - Economic expectations picked up further - Inflation in 2002 expected to be only slightly lower than in 2001 - Short and long-term interest rates expected to rise - Euro expected to strenghten - Stronger corporate governance requested

World Economic Climate worsened in July - Economic expectations became less optimistic - Inflation in 2002 expected to slow down - Short- and long-term interest rates expected to rise less than according to spring survey - Euro expected to strenghten further - Business needs to convey a positive...

World Economic Climate worsened in October - Economic expectations deteriorated but remained positive - Inflation in 2002 expected to slow down - Short-term interest rates are expected to sink in coming months / Long-term rates will stabilize at the current low level - The major world currencies...

World Economic Climate: The current situation of the world economy remains unchanged - Inflation: No pickup of inflation expected in 2003 - Interest Rates: Downward trend of short-term and long-term interest rates expected to level off - Currencies: Major world currencies now close to...

World Economic Climate: The current economic situation of the world economy still less satisfactory - Economic Expectations: Economic expectations for the next six months slightly deteriorated, but remained positive - Inflation: Inflation under control in most countries - Interest Rates: Only...