The Kiel Institute for the World Economy (IfW) is an international center for research in global economic affairs, economic policy consulting, and economic education. The Institute engages especially in creating solutions to urgent problems in global economic affairs. On basis of its research, the Institute advises decision makers in policy, business, and society and informs the broader public about important developments in international economic policy.
As a portal to global economic research, the Kiel Institute has established numerous international research cooperations that support the worldwide awareness of the Institute’s activities and give additional research impulses. Furthermore, the Institute lays a special focus on economic education.
In order to quickly react to new challenges in economic research, the Kiel Institute’s research activities are organized in relatively small Research and Project Areas. The research activities are supported by the services of the Kiel Institute’s Centers. These comprise – inter alia – economic forecasting, economic policy advice, publications, the Global Solutions Initiative, scientific education, and public relations. The Institute is scientific coordinator of the Global Solutions Summit, a flagship conference for international policy advice.
The basic funding of the Institute is provided by the German Federal Government and the state of Schleswig-Holstein. In addition, the Institute applies regularly for third-party funding for its research, advisory and training projects.