The Kiel Institute for the World Economy (Institut für Weltwirtschaft, IfW) is an economics research center and a think tank that is located in Kiel, Germany. In 2013, it was ranked as one of the top 20 research centers in the world for International Trade and one of the top four think tank in the world for economic policy. With more than four million publications in printed or electronic format and subscriptions to 31,970 periodicals and journals, the Institute has the world's largest specialist library for economics. It is affiliated with the University of Kiel with which it cooperates closely with the Department of Business, Economics, and Social Sciences. It is nevertheless legally and academically independent of the University of Kiel. Since 1 January 2007, it has been an independent, nonprofit organization (foundation under public law). It is a member of an association of research institutions, museums, and service centers called the Gottfried Wilhelm Leibniz Scientific Community or Leibniz Association and is ranked as one of the top six leading economics research institutions in the Leibniz Association. Like all the institutions that are members of the Leibniz Association, it is funded 50% by the German federal government and 50% by the German states. It employs approximately 160 people, of whom more than 80 are economists. It is headed by a president, currently Dennis J. Snower.
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