Press Releases

Findings for population-wide COVID-19 testing strategy

In a study conducted in cooperation between researchers from the University of Oxford, Queen Mary University London, the Medical University of Graz and the Institute for Advanced Studies (IHS), the diagnostic accuracy of antigen tests (lateral flow tests, LFT) in general medical practice was investigated in comparison to the PCR test in the same group of patients in Austria. The results show that the LF test rapidly indicates viral infestation: both in the early stages of infection, at the onset of symptoms and also at low CT levels. A 95 % match with PCR is achieved for positive results and 89 % for negative results.

Four research initiatives and start of talks on new director

Based on the proposals of the selection committee, the IHS board of trustees of has decided to start negotiations with the renowned economist Lars Feld about the scientific directorship of the Institute for Advanced Studies. "The aim is to finalise the negotiations quickly in order to be able to welcome Lars Feld to the Institute in autumn," explains IHS President Franz Fischler.

Candidate Hearings for the Director of IHS Completed

The hearings for the replacement of the director took place today at IHS with the five candidates remaining on the shortlist. The Appointment Commission will now submit a three-person proposal to the IHS Board of Trustees of, outlining the assessment of the candidates' suitability. The new scientific director of the Institute will be appointed at the next meeting of the Board of Trustees on 30 June 2021.

Initiative for Creating an Independent National Medical Data Centre

What sould be done with Austria's medical data in order to guarantee up-to-date health care, to be able to use it to plan the health system, the labour market and the common good at the highest standards of cyber security and to achieve minimally invasive control in the event of an epidemic? National health data are of central and overriding relevance.

IHS invites applications for new scientific director

The IHS Board of Trustees decides, at the suggestion of its president Franz Fischler, to call for applications for the position of scientific director.

European Commitment for Rapid and Sustained Reducation in SARS-CoV-2 Infections

A broad-based European consortium of renowned scientists call for resolutely working toward low COVID-19 case rates with clearly formulated common European goals, coordinated efforts and regionally adapted strategies. (Press release in German - for English version, see here).

Principles of Research Integrity

On 7 October 2020, IHS director Martin Kocher, together with Christoph Badelt from the Austrian Institute of Economic Research (WIFO), presented principles of scientific integrity in commissioned research studies. The principles were developed and jointly adopted by the two institutes, with the involvement of the Austrian Agency for Scientific Integrity (ÖAWI). Nicole Föger, director of the ÖAWI, was also speaking at the presentation. The presentation took place in a digital media chat with representatives from Austrian media outlets.

Timely Economic Data in the new IHS Monitor

The timely availability of indicators for assessing the current economic situation is essential for a foresighted, rapid and appropriate response by economic policymakers. IHS therefore launched an Economic High-Frequency Monitor to provide a rapidly available, high-frequency set of indicators to enable the timely analysis and assessment of the economic activity of the Austrian economy.

Housing for Students is Becoming More and More Expensive

Austrian students spend an average of 440 € per month on housing - student housing subsidy is intended to counteract the rise in costs.

Open Societies Need Open Science

Open Science is the focus of attention at the Institute for Advanced Studies (IHS) this September. The exhibition Open UP! shows the interconnection of digitization and science. On September 15, the opening event will take place at the Institute, which will focus on the Open Science Strategy in Austria.

Improve Alignment of Research and Societal Values in the EU and its Member States

A recent article published in Science Magazine shows that while the EU promotes social and ethical values in research and innovation, such values are not well integrated in research policy or practice. Responsible research and innovation principles have been designed to enhance an inclusive and democratic approach to enabling research and innovation (R&I) to reflect values, needs and aspirations of society. The article co-authored by Erich Griessler and Robert Braun, IHS, suggests a lack of integration of ethics and public engagement in European research projects. As new disruptive technologies emerge, they are accompanied with persistent and growing societal concerns about their social and ethical impacts, failing to take the social and ethical values in research and innovation into consideration systematically may increase distrust in science and its advances.

Economic Forecast June 2020: COVID-19 induced recession requires extraordinary economic policy efforts

“The stranglehold of the corona pandemic is beginning to loosen in the second half of the year. Recent declines in short-time work and (an albeit weak) reduction in unemployment figures show that the economy is slowly picking up speed again." explains Martin Kocher, Director of the Institute for Advanced Studies (IHS). Overview of the current figures: Over the whole of 2020, IHS expects economic output to decline by 7.25%. In the Euro Area, this decline is even more pronounced at 8.5%. The current climate of uncertainty is harming private consumption in the short to medium term. The Institute expects a decrease of 4.4% in 2020 compared to the previous year. An increase in the savings rate from 8.3% to 10.9% emphasizes this uncertainty.

Economic Forecast March 2020: Coronavirus causes a recession in Austria

The Covid-19 pandemic and the policies implemented to contain the spread of the virus have led to a global economic downturn. The Institute for Advanced Studies (IHS) forecasts a recession in Austria, where economic output will decline by at least 2% in 2020. This forecast is based on the assumption that the policies implemented to contain the spread of the virus will be lifted by mid-April. Therefore, these predictions of the economic downturn should be viewed with the understanding that they are dependent on the development of the pandemic and the accompanying economic, political and health policies.

Trade Deficit Between China and the Euro Area

The rise of China in the world economy and its growing importance as international investor raises concerns of policy makers in some countries. The US government raised tariffs on imports from China to tackle the large trade deficit of the US vis-à-vis China. Trade between the euro area and China is almost balanced, with a small deficit in trade with goods and a small surplus in the services balance of the euro area.Thus, European policy makers are well advice to advocate free market access, but reciprocity is important.

Forecast of the Austrian Economy 2019-2020

The weakness of the global economy is weighing on the Austrian economy. After 2.4 % in the previous year, GDP growth is estimated to edge down to 1.6 % in the current year. For the years 2020 and 2021, growth is projected at 1.3 % and 1.6 % respectively.