Austrian Institute of Economic Research

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Austrian Institute of Economic Research
Founder(s) Friedrich August von Hayek, Ludwig von Mises
Established 1927
Mission to analyse economic developments
Focus Economic Research
Chairman Karl Aiginger
Staff 120
Location Arsenal (Vienna) Coordinates: 48°10′53.68″N 16°23′23.78″E / 48.1815778°N 16.3899389°E / 48.1815778; 16.3899389
Address A-1030 Vienna – Austria, Arsenal, Objekt 20
Website www.wifo.ac.at

The Austrian Institute of Economic Research (German: Österreichisches Institut für Wirtschaftsforschung (WIFO)) is a private non-profit association located in Vienna, Austria.

The institute was founded in 1927 by Nobel Memorial Prize winner Friedrich August von Hayek and Ludwig von Mises.[1] With a pool of around 120 people (40 economists[2]) it is the largest economic research institute in Austria. WIFO is a member of the "Association of European Conjuncture Institutes" (AIECE) and the "European Economic Research and Advisory Consortium" (ERECO) with partner institutions in Birmingham, Bologna, Cambridge, Madrid, Munich, Paris and Rotterdam. It has also established ties to institutes in the USA, Australia and Asia.

Research Activities[edit]

Main entrance of WIFO located at the Arsenal in the third district of Vienna.

WIFO analyses national and international economic trends and supplies short- to medium-term economic forecasts. Together with studies on European integration, competitiveness and location of industries and services, these trends and forecasts provide the basis for economic policies and corporate strategies.[3] Research activities are bundled in the following five departments:[4]

WIFO's activities include commissioned research and consulting for domestic and international decision-making bodies, the European Commission, the OECD, major business and financial institutions. It has established an extensive information system of regularly updated economic statistics, including U.N. Foreign Trade Statistics, World Debt Tables of the World Bank, the IMF International Financial Statistics, OECD Main Economic Indicators, and OECD Economic Outlook.[3] It also publishes journals, reports, newsletters, and periodicals.[5]

Supervisory Board[edit]

The Supervisory Board of WIFO is made up of Christoph Leitl (president of the Supervisory Board and of the Austrian Federal Economic Chamber), Professor Erich Streissler (vice president; professor of economics at the University of Vienna), Herbert Tumpel (vice president; president of the Federal Chamber of Labour) and other representatives of its main carrier organisations and the Austrian political, economic and academic community.

References[edit]

  1. ^ About WIFO, Austrian Institute of Economic Research
  2. ^ Austrian Institute of Economic Research (WIFO), RFE: Resources for Economists on the Internet
  3. ^ a b Consortium, Pashmina Project
  4. ^ Research groups, Austrian Institute of Economic Research
  5. ^ Österreichisches Institut für Wirtschaftsforschung, Bloomberg Businessweek, 2 November 2011

External links[edit]