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WIFO, founded in 1927 by Friedrich August von Hayek and Ludwig von Mises for the purpose of business cycle analysis, is today the leading institute for applied empirical economic research in Austria with a strong commitment at a European level.

WIFO is a non-profit, independent economic research institute. Through highest quality research, economic policy advice and communication, the Institute builds a bridge between basic academic research and economic policy application. It creates scientific evidence to inform economic policy and business decision-makers as well as the general public. In this way, it makes a significant contribution to solving economic and socio-political challenges. WIFO prepares empirical analyses with scientific integrity and state-of-the-art methods. It communicates its results in scientific publications, policy reports and with the help of broad-based public relations work.