The Center for Economic Studies (CES) is an independent institute within the Faculty of Economics of the

University of Munich The Ludwig Maximilian University of Munich (simply University of Munich or LMU; german: Ludwig-Maximilians-Universität München) is a public research university in Munich, Germany. It is Germany's sixth-oldest university in continuous operatio ...

(LMU). It promotes the international exchange of knowledge and ideas in

public finance Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achiev ...

and other areas of economics. CES invites visiting scholars to conduct their research in

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and Ha ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, and to give short a lecture series in return. Since its founding in 1991, over 670 academics have visited CES, establishing the basis for the CESifo Research Network. The work of CES is supported and supervised by an advisory council of fourteen international experts. In 1994 CES also became the co-publisher of '' Economic Policy'', Europe's leading academic journal in this field.

History

CES was founded on January 18, 1991, and launched its visitors program shortly thereafter. Its first guests included

Gary Becker Gary Stanley Becker (; December 2, 1930 – May 3, 2014) was an American economist who received the 1992 Nobel Memorial Prize in Economic Sciences. He was a professor of economics and sociology at the University of Chicago, and was a leader of ...

, David Bradford, Richard Musgrave, and David Wildasin, who laid the foundation for visits from other renowned economists in the future. In 1994 CES launched its Munich Lectures in Economics, which are jointly organized by the

Ifo Institute for Economic Research 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 ...

and supported by

MIT Press The MIT Press is a university press affiliated with the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts (United States). It was established in 1962. History The MIT Press traces its origins back to 1926 when MIT publish ...

. Every year the Scientific Advisory Council of CES nominates an outstanding international economist as the Distinguished CES Fellow. The award is presented in November, when the laureate gives the Munich Lectures in Economics on a topical issue to a broad audience. In 1998, CES became one of the first institutions worldwide to make its discussion of economic issues accessible on the internet. In the same year the Center also substantially enlarged its own in-house research group. Since 1999 CES has worked closely with the

, one of Germany’s largest economic research institutes. Both organizations are now part of an umbrella organization, the CESifo Group, and a driving force in building bridges between economic theory and empirical research. The CESifo Group promotes contacts between researchers from all over the world with the aim of making

a center of international economic research.

Distinguished CES Fellows

CES hosts a large number of regular seminars and lectures. Many of them are available as video on demand in CESifo's media library. The most famous academic event is the “Munich Lectures in Economics”.Munich Lectures in Economics
/ref> The Distinguished CES Fellow award has been made on an annual basis since 1994. The prize winners are: * Avinash K. Dixit * Anthony B. Atkinson *

Jean Tirole Jean Tirole (born 9 August 1953) is a French professor of economics at Toulouse 1 Capitole University. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. In 2014 he was awarded the Nobel Memor ...

Paul Krugman Paul Robin Krugman ( ; born February 28, 1953) is an American economist, who is Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for ''The New York Times''. In 2008, Krugman was ...

* Rüdiger Dornbusch *

Guido Tabellini Guido Enrico Tabellini (born January 26, 1956) is an Italian economist, rector of Bocconi University from November 2008 until July 2012. Tabellini received his Laurea in 1980 from the University of Turin, and his Ph.D. in 1984 from UCLA. He firs ...

* Peter A. Diamond * Oliver Hart *

Nicholas Stern Nicholas Herbert Stern, Baron Stern of Brentford, (born 22 April 1946 in Hammersmith) is a British economist, banker, and academic. He is the IG Patel Professor of Economics and Government and Chair of the Grantham Research Institute on Cli ...

James Poterba James Michael "Jim" Poterba, FBA (born July 13, 1958) is an American economist, Mitsui Professor of Economics at the Massachusetts Institute of Technology, and current NBER president and chief executive officer. Early years Poterba was born in ...

* Andrei Shleifer * Bruno S. Frey *

Alberto Alesina Alberto Francesco Alesina (29 April 1957 – 23 May 2020) was an Italian political economist. Described as one of the leading political economists of his generation, he published many influential works in both the economics and political science ...

* Philippe Aghion *

Olivier Blanchard Olivier Jean Blanchard (; born December 27, 1948) is a French economist and professor who is a senior fellow at the Peterson Institute for International Economics. He was the chief economist at the International Monetary Fund from September 1, 2 ...

* Robin Boadway *

Robert Blundell Robert Blundell (19 April 1896 – 11 February 1940) was an Australian cricketer. He played five first-class matches for Western Australia Western Australia (commonly abbreviated as WA) is a state of Australia occupying the western per ...

Sir Partha Dasgupta Sir Partha Sarathi Dasgupta (born on 17 November 1942), is an Indian-British economist who is the Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom and Fellow of St John's College, Cambridge. Personal ...

Esther Duflo Esther Duflo, FBA (; born 25 October 1972) is a French–American economist who is a professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). She is the co-founder and co-director of the Abd ...

* Ernst Fehr

Notes

External links

Website CES
{{DEFAULTSORT:Center For Economic Studies Ludwig Maximilian University of Munich faculty