In 1914, the Kiel Institute for the World Economy was founded by Bernhard Harms as “Königliches Institut für Seeverkehr und Weltwirtschaft” (Royal Institute for Marine Transport and World Economy). Today the Institute is an independent foundation under public law of the federal state of Schleswig-Holstein.
The Board of Governors advises and decides on financial and fundamental matters concerning the Kiel Institute. Head of the Board is Dr. Oliver Grundei, State Secretary of the Ministry of Education, Science and Cultural Affairs of Schleswig Holstein. Additionally, the Scientific Advisory Council counsels and supports the Institute and especially the Presidential Department. The Council is currently headed by Prof. Michael Orszag, Ph.D.
Research and Consulting
Main task of the Kiel Institute is economic research and policy consulting. Its currently seven Research Areas and two Think Tank Centers focus on different topics, but they are strongly cross-linked and their activities go hand in hand and cross-fertilize each other.
The Kiel Institute promotes the training of young researchers with different programs, which are based on the current topics and methods of economic research.
Society for the Advancement of the Kiel Institute
The Kiel Institute receives financial and non-material support from the Society for the Advancement of the Kiel Institute e.V., an independent and non-profit association that includes individuals, companies and federations.
Club of Economic Sciences
Independently of the Kiel Institute, the Club of Economic Sciences (WWC, founded in 1920) brings together people close to the Institute for discussion and exchange of experience and regularly invites to lectures.
Management and Services
The Presidential Department is assisted in its management tasks by various official bodies, each with different tasks. The service centers at the Kiel Institute ensure a smooth process in the background.