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ZEW Researcher Dr. Peter Heindl on High Electricity Prices and Social Justice

The household electricity price in Germany of 29.7 cent per kWh is among the highest in Europe, according to the latest figures released by the European Statistical Office Eurostat on May 27, 2015. Taxes and levies make up more than 50 per cent of this price. "High electricity prices weigh heavily on low-income households in particular," explains Dr. Peter Heindl, energy market expert at the Centre for European Economic Research (ZEW), with regard to further electricity price increases in Germany and Europe. read more

ZEW Indicator of Economic Sentiment

ZEW Indicator of Economic Sentiment - Optimism Declines

The ZEW Indicator of Economic Sentiment for Germany declines in May 2015. Decreasing by 11.4 points compared to the previous month, the index now stands at 41.9 points (long-term average: 24.9 points). "Financial market experts have adjusted their optimistic expectations downward in May due to unexpectedly poor growth figures in the first quarter of 2015 and turmoil on the stock and bond markets. However, only a small number of survey participants actually expect a deterioration of the economic situation," says ZEW President Professor Clemens Fuest. read more

Financial Market Survey Central and Eastern Europe

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations Nearly Unchanged

In May 2015 economic expectations for Central and Eastern Europe including Turkey (CEE region) remain nearly unchanged. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has decreased by 0.7 points following the small increase in the previous month (April: increase by 2.0 points). The indicator now stands at a level of 47.5 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. read more

Financial Market Survey Switzerland

ZEW-CS Financial Market Test Switzerland - Economic Outlook Improves Once More

In May 2015, the ZEW-CS Indicator rises by 23.1 points to a reading of minus 0.1 points. After the third consecutive increase the reading of the indicator currently neither points towards deterioration nor towards improvement of economic activity in Switzerland. 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

Research

ZEW Study on Government Debt - Outright Debt Relief Significantly Decreases Risk of Serial Sovereign Debt Restructurings

Cutting the debts of heavily-indebted countries can weaken or even completely eliminate their willingness to implement much-needed reforms. Despite the risks associated with a haircut, it also bears positive effects. For example, it substantially reduces the risk of follow-up debt restructurings. This is the result of a study conducted by the Mannheim Centre for European Economic Research (ZEW). read more

Personnel

ZEW Economist Holger Bonin Appointed to the Expert Commission for the Second Report on Equality

What concrete political measures are suitable to actually enable men and women to meet as equals in professional and family life? This question will be addressed by the Expert Commission working on the German government’s second Report on Equality. ZEW researcher Professor Holger Bonin has been appointed to this commission by Manuela Schwesig, Federal Minister for Family Affairs, Senior Citizens, Women and Youth. 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


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