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Financial Market Survey Central and Eastern Europe

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Stable Economic Prospects

In April 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) remain roughly unchanged. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 2.0 points to a level of 48.2 points. The largest increase is displayed by the indicators for Hungary (increase by 21.8 points) and for the Czech Republic (increase by 18.0 points). The largest decrease is displayed by the indicator for Turkey (decrease by 14.9 points). read more

ZEW Indicator of Economic Sentiment

ZEW Indicator of Economic Sentiment - Economic Sentiment declines slightly

In April 2015, the ZEW Indicator of Economic Sentiment for Germany has fallen for the first time since October 2014. Compared to the previous month, the indicator has declined by 1.5 points to a reading of 53.3 points (long-term average: 24.8 points). "The German economy is in good shape. A stable labour market and increasing wages are strengthening confidence and boosting consumption. However, the current weakness of the world economy is dampening export prospects and reducing the scope for further improvements of the economic situation in Germany," says ZEW President Professor Clemens Fuest. The assessment of the current situation in Germany has improved notably. Increasing by 15.1 points, the index now stands at 70.2 points. read more

Financial Market Survey Switzerland

ZEW-CS Financial Market Test Switzerland - Recovery From Swiss Franc Shock Continues

In April 2015 expectations for Switzerland's economy brighten further, marking a continuation of the recovery of the economic outlook after the CHF shock at the start of 2015. The ZEW CS indicator rises by 14.7 points to a reading of minus 23.2 points. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. It is calculated monthly by the Centre for European Economic Research (ZEW) Mannheim, in cooperation with Credit Suisse (CS), Zurich. read more


ZEW Economist Irene Bertschek Appointed to the Advisory Board "Arbeiten 4.0"

Nobody knows what the world of work will look like in the future. What is sure, however, is that increasing digitalisation and the crosslinking of business processes and communication channels are already changing the way we work. That is why the Federal Ministry of Labour and Social Affairs (BMAS) has established, in the course of dialogues, the advisory board, "Arbeiten 4.0"(Labour 4.0). Prof. Dr Irene Bertschek, Head of the ZEW Research Department "Information and Communication Technologies", has been appointed to the committee's panel of experts. Until the end of 2016, she will work hand in hand with further representatives from the fields of science and practice, as well as with BMAS, to identify where action is needed and to find solutions which will shape the digital and interconnected working world of the future. The advisory board started its work on 22nd April, 2015. read more


MS Wissenschaft 2015 Sets Sail from Dresden with a ZEW Exhibit on Board

The Centre for European Economic Research (ZEW) is once again on board the exhibition ship, MS Wissenschaft (MS Science). The floating science centre sets sail from Dresden today at 14:30. The ship’s journey, commissioned by the Federal Ministry of Education and Research (Bundesministeriums für Bildung und Forschung, BMBF) will take it through Germany and Austria. The focus for the Science Year 2015, as well as for the exhibition on MS Wissenschaft, is the City of the Future. Around 30 exhibitors will set up exhibits in the ship’s hold, with the aim of illustrating how cities function and what makes a city compatible with the future. read more


ZEW-PwC China Economic Barometer Q2 2015 - German Managers Cautious on Outlook for Chinese Economy

German managers in China remain moderately optimistic about the economy in the second quarter of 2015. Senior executives' ratings of the macroeconomic situation in China have weakened since the previous quarter, but the overall figure remains positive. The aggregate score obtained by adding positive and negative responses has fallen from 12.5 points to 8.5 points. Just under 30 per cent of those surveyed currently rate the situation as good or very good (previous quarter: 36.5 per cent). "The managers are very sceptical about any economic upturn within the next twelve months", comments Dr Oliver Lerbs, economist at ZEW. Quite the opposite - those surveyed now feel that the situation is far more likely to deteriorate than to improve. In the previous quarter, sentiment was still more or less evenly balanced. read more


ZEW President Clemens Fuest on the Precipice of Collapse, Greece Faces Stark Alternatives

The Greek Prime Minister Alexis Tsipras and his Syriza party assumed office with the aim of fundamentally changing European policy for overcoming the sovereign debt crisis. Since the election, it would appear the only change taking underway is acceleration of Greece's economic collapse toward sovereign bankruptcy and its exit from the eurozone. The willingness of the other euro states to accommodate Greece may not have fallen to zero, but it is certainly small. How did things get to this point? The communication strategy of Greek Finance Minister Yanis Varoufakis has certainly not helped, but it is not the critical factor. What has been critical is that the Greek government has been unable to convince other European states of its analysis of the economic situation. read more

Research Programme "Strengthening Efficiency and Competitiveness in the European Knowledge Economies" (SEEK)

Fifth SEEK Conference "Overcoming the Crisis. How to Foster Entrepreneurship and Innovation in Europe?" (October 8-9, 2015)

The Centre for European Economic Research (ZEW) is pleased to announce the fifth conference of its international research programme "Strengthening Efficiency and Competitiveness in the European Knowledge Economies" (SEEK). The conference takes place in Mannheim on October 8 and 9, 2015. Entitled "Overcoming the Crisis. How to Foster Entrepreneurship and Innovation in Europe?", it brings together decision makers and outstanding scholars for discussion on the creation of new business and innovation in Europe. Keynotes and debates as well as academic sessions analyse the key factors and policies missing to effectively foster innovative business and entrepreneurial success. Interested researchers may either submit a full paper (including an abstract of max. 100-200 words) or an extended abstract of 500-600 words to seek@zew.de (subject "Submission 2015 SEEK conference"; please provide a reference to one of the three main topics) no later than May 3, 2015. read more

Call for Papers

2015 Summer School on Labour Market Research – Theory, Empirical Analysis, Interdisciplinary Perspectives (September 14-18, 2015)

The Centre for European Economic Research (ZEW) is pleased to announce the Summer School in Labour Market Research from September 14-18, 2015, organised by the DFG Priority Programme 1764 "The German Labour Market in a Globalized World: Challenges through Trade, Technology, and Demographics". The aim of the workshop is to bring together PhD students, junior researchers, and renowned international researchers to study and discuss recent research topics in labour market research. Doctoral students and postdocs within three years after completion of their thesis are invited to apply. Applications must include a CV, a list of completed working papers and publications, a reference letter from your academic advisor. Active participants must include an extended abstract (3 pages in PDF format) or the full paper for presentation at the Summer School. Please send your complete application to Arne Jonas Warnke via dfg1764@zew.de no later than April 30, 2015. read more

Call for Papers

Seventh ReCapNet Conference on "Real Estate, Financial Stability, and the Macroeconomy" (November 6-7, 2015)

The Centre for European Economic Research (ZEW) is pleased to announce the seventh conference of the Leibniz Network on Real Estate Markets and Capital Markets (ReCapNet) in Mannheim on November 6 and 7, 2015. The main theme of this year's conference focuses on the nexus between real estate, financial stability and the macroeconomy. The keynote is delivered by Kevin J. Lansing, PhD, from the Federal Reserve Bank of San Francisco. We look forward to receiving submissions on topics such as the identification of real estate bubbles or macroprudential regulation of real estate financing. Submissions Proposals on other aspects related to the interactions between real estate markets and capital markets are welcome. Further potential topics are included in the Call for Papers. Please submit your paper as a PDF file to conference@recapnet.org no later than July 15, 2015. read more

Call for Papers

Second Annual MaTax Conference (October 1-2, 2015)

The Centre for European Economic Research (ZEW) hosts the second international annual MaTax conference on taxation research on October 1 and 2, 2015. The conference is organised by the Leibniz ScienceCampus MannheimTaxation (MaTax), a joint initiative of the University of Mannheim and the Centre for European Economic Research (ZEW). We invite submissions on all topics broadly related to tax research, including papers from economics, law, political science, and other disciplines as well as interdisciplinary contributions. The conference focuses particularly on applied and empirical papers. Please send your paper or extended abstract to (matax@zew.de) no later than May 31, 2015. read more

Questions & Answers

How Would Europe Benefit from a Transatlantic Free Trade Zone? 'The TTIP Can Help Stabilise the Eurozone'

In matters of free trade between the EU and North America, nothing is set in stone - but here in Germany, a major debate has already begun about the 'Transatlantic Trade and Investment Partnership'. Public fear about harmful products and questionable business practices seem to be just as prominent as proclamations of the treaty's benefits. Could Germany and Europe gain if a free exchange of goods is enabled with the United States and Canada? ZEW economist Friedrich Heinemann regards TTIP as an opportunity to contribute to a better growth perspective for the euro area. read more


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