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Information Economy

German Information Economy - Optimistic Outlook in all Three Sub-Sectors

Optimism has continued among companies in the information economy in the second quarter of 2014. Reflecting this positive trend, the ZEW Sentiment Indicator for the Information Economy has stabilised at an impressive total of 64.7 points. In the second quarter of 2014, the sub-indicators for the business situation and business expectations in the information economy have converged again. read more


ZEW Presents 2014 Heinz König Young Scholar Award to US Researcher

Olga Malkova from the University of Michigan, US, received the 2014 Heinz König Young Scholar Award of the Mannheim Centre for European Economic Research (ZEW). The jury recognised Malkova's excellent research on the effects of parental leave benefits on birth rates. Her work is an important contribution to the debate on the effectiveness of family policy measures. The Heinz König Young Scholar Award comes with an endowment of EUR 5,000 and includes the opportunity to spend an extended research visit at ZEW. This year’s award was sponsored by Freudenberg SE, a member of the ZEW Sponsors’ Association for Science and Practice. read more


ZEW Among the Top Five Climate Policy Think Tanks in the World

The Centre for European Economic Research (ZEW) in Mannheim ranks fourth among the approximately 200 institutes evaluated for the recently published "2013 Climate Think Tank Ranking" by the renowned International Center for Climate Governance (ICCG). It is thus among the world's most cutting-edge scientific institutions that work in the field of climate change economics and policy. Compared to 2012, the research institute has moved up two spots in the ICCG ranking, where all the activity outputs of a think tank were standardised by the number of its researchers. read more


VIPS – Proposal for a Viable Insolvency Procedure for Sovereign States in the Eurozone

The government debt crisis unleashed a wave of reforms in 2010 – some of which were implemented in an overly hasty manner – to stabilise the euro and the heavily indebted European countries. Even though the eurozone's institutional framework and its capacity to respond to crises have been improved significantly, the architecture of the euro area remains vulnerable in one respect: the absence of a credible and well-defined debt restructuring mechanism in the event of a nation's insolvency, i.e. its loss of creditworthiness on the capital market. A recent study conducted by the Mannheim Centre for European Economic Research (ZEW) addresses this problem. The study conceives and depicts a Viable Insolvency Procedure for Sovereigns (VIPS) in the eurozone. read more

ZEW Indicator of Economic Sentiment

ZEW Indicator of Economic Sentiment - Downward Trend Continues

The ZEW Indicator of Economic Sentiment for Germany decreased once more in July 2014. The indicator has lost 2.7 points and now stands at 27.1 points (long-term average: 24.7 points). The indicator has declined for the seventh consecutive time. read more

China Economic Panel

China Economic Panel (CEP) by ZEW and Fudan University (Shanghai)- Analysts Gain Confidence About Chinas Growth Prospects

Two weeks prior to the announcement of official growth figures for the second quarter of 2014, financial experts have adjusted business cycle expectations for China upwards according to the new results of the China Economic Panel (CEP), which captures the expectations of financial analysts regarding the economic development in China over the course of the next twelve months. The CEP Indicator gains almost 17 points in the current survey period (June 10 to 30, 2014) reaching a level of 21.4 points. This is equivalent to a five-month high. read more

Financial Market Survey Switzerland

ZEW-CS Financial Market Test Switzerland - Economic Expectations Reach Balanced Level

In July 2014 economic expectations for Switzerland have declined slightly by 4.7 points. The ZEW-CS Indicator now stands at a nearly balanced level of 0.1 points. read more


ZEW DIFI Report Published: Market for Commercial Real Estate Financing Is Stable on a High Level

In the second quarter of 2014, the German Real Estate Finance Index (DIFI) increased by 1.9 points compared to the previous quarter. Currently reading 24.9 points, the index is further stabilising on the high level of the previous quarters. The slight growth stems from the more positive assessments of the financing situation, which outweigh the slight decrease in the financing expectations. These are the key findings of the quarterly ZEW survey among real estate market experts concerning the real estate financing market in Germany. 47 experts participated in the May 2014 survey. read more

The ZEW/ProgTrans Transport Market Barometer

ZEW/Prognos Survey on Transport Markets - Moderate Increase in Transport Volumes and Prices Expected

German transport markets are currently in a quite strong shape. The prospects for further growth in transport volumes are good. The increase over the coming half year, however, will be smaller than in the previous months. In most sub-markets of the transport sector, prices will remain stable. There is a growing trend towards rising freight rates, although fuel prices in Germany, which are an important cost factor, are still at a three-year low. These are the findings of the Prognos/ZEW TransportmarktBarometer (Transport Market Barometer) in the second quarter of 2014. read more

Financial Market Survey Central and Eastern Europe

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Current Situation and Economic Expectations Decline

In July 2014 economic expectations for Central and Eastern Europe including Turkey (CEE region) have partly reversed their last month’s increase. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has lost 9.8 points and now stands at a level of 27.3 points. read more


ZEW President Clemens Fuest on "Germany's Inheritance Tax Needs Reform"

Generating some 4.5 billion euros in revenues each year, Germany's inheritance tax is actually a small source of income for the state – revenues from taxes on tobacco, for example, are more than three times as high. But despite its marginal importance as a source of revenue, the inheritance tax is a hotly debated issue. Proponents of the inheritance tax advocate rate increases, arguing that the taxation of inherited wealth is simply a matter of fairness, as beneficiaries have done nothing to earn the wealth they inherit. By contrast, critics argue that the inheritance tax endangers jobs, as the heirs of family owned companies face large tax bills that can cripple a company's liquidity. read more


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