Austrian Institute of Economic Research

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

Austrian Institute of Economic Research
Österreichisches Institut für Wirtschaftsforschung (WIFO)
Founder(s)Friedrich Hayek, Ludwig von Mises
Established1927
MissionAnalyses of economic developments
FocusEconomic research
ChairGabriel Felbermayr
Staff124
AddressA-1030 Vienna – Austria, Arsenal, Objekt 20
Location
Arsenal (Vienna)
,
Vienna
,
Austria
Coordinates48°10′53.68″N 16°23′23.78″E
Websitewww.wifo.ac.at

The institute was founded in 1927 by Friedrich Hayek and Ludwig von Mises as Österreichischen Institut für Konjunkturforschung ("Austrian Institute for Business-Cycle Research").[1] With 124 employees (64 researchers, 30 research assistants, 30 administrative staff)[2] it is the largest economic research institute in Austria. The current director is Gabriel Felbermayr who followed Christoph Badelt on 1 October 2021.[3] WIFO is a member of the "Association of European Conjuncture Institutes" (AIECE), the "Centre for International Research on Economic Tendency Surveys" (CIRET),[4] 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 US, Australia and Asia.

Research Activities
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.[5] Research activities are bundled in the following five departments:[6]

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.[5] It also publishes journals, reports, newsletters, and periodicals.[7]

Supervisory Board

The Supervisory Board of WIFO is made up of Christoph Leitl (president of the Supervisory Board and of the Austrian Federal Economic Chamber), Rudi Kaske (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
  1. About WIFO Archived January 23, 2013, at the Wayback Machine, Austrian Institute of Economic Research
  2. "WIFO - Staff members". Archived from the original on 2018-02-01. Retrieved 1 February 2018.
  3. "Christoph Badelt tritt Amt als neuer WIFO-Leiter an (Christoph Badelt is the new director of WIFO)". Retrieved September 13, 2016.
  4. Centre for International Research on Economic Tendency Surveys. "Members by Institution". Archived from the original on 7 January 2018. Retrieved 7 January 2018.
  5. Consortium Archived March 1, 2012, at the Wayback Machine, Pashmina Project
  6. Research groups Archived October 15, 2011, at the Wayback Machine, Austrian Institute of Economic Research
  7. Österreichisches Institut für Wirtschaftsforschung, Bloomberg Businessweek, 2 November 2011



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