Comment
Tax Policy | Inheritance tax | Tax reform | reform process

After a lengthy political dispute over a required reform of the German inheritance tax system, the mediation committee of the Federal Government and the Länder has reached a compromise. Professor Christoph Spengel, research associate at the Centre for European Economic Research (ZEW) and Chair of Business Administration and Taxation II at the University of Mannheim, comments on the recent agreement,

Research
Climate policy | KfW/ZEW CO2 Barometer | Emissions trading

German companies participating in the EU Emissions Trading Scheme (EU ETS) analyse the consequences of climate policy on their competitiveness in a variety of ways. When asked whether global climate policy - e. g. decisions adopted at UN climate negotiations - negatively impacted on their competitiveness, 39 per cent of the respondents gave a positive response. 53 per cent of companies expect European climate protection rules, such as the EU ETS, to have a negative impact on competitiveness. Climate policy at the national level, the turnaround in German Energy Policy (the so-called energy transition), for example, is perceived as being potentially damaging by 59 per cent of companies. This is one of the findings of the KfW/ZEW CO2 Barometer 2015, an annual survey conducted by KfW bank in cooperation with the Centre for European Economic Research (ZEW), since 2009. The survey analyses the impact of the EU ETS on the companies regulated.

ZEW Indicator of Economic Sentiment
Eurozone | ZEW Indicator of Economic Sentiment | Germany

The ZEW Indicator of Economic Sentiment for Germany gains 23.4 points in December 2014. Increasing for the second consecutive time, the index now stands at 34.9 points (long-term average: 24.4 points), the highest reading since May 2014.

Research
Electricity price | price of electricity | Nuclear power plant | Power Industry | Nuclear phase-out | Germany | Power plant | Electricity market

The Fukushima nuclear disaster cost Germany and its neighbours dear. A study conducted by ZEW shows that Germany's nuclear phase-out led to an increase in electricity costs on the European Energy Exchange by an average of seven per cent in the two years after the accident.

ZEW Indicator of Economic Sentiment
Germany | Short-term forecast | ZEW Indicator of Economic Sentiment | Business survey | Business Cycle

The ZEW Indicator of Economic Sentiment for Germany increased by 5.7 points in August 2013. The indicator now stands at the 42.0-points mark (historical average: 23.7 points). This is the highest mark since March 2013.

Research
Real estate | Real estate market | Real Estate Services

Germany’s top office markets still register a slight upswing in 2012. For 2013, however, stagnation is expected. Vacancies, top rents and high yields will remain nearly constant. These are the findings of the fifth survey among real estate market experts, which is conducted on a six-month basis by the Society of Property Researchers (gif – Gesellschaft für Immobilienwirtschaftliche Forschung) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.

CH Indicator of Economic Sentiment
Short-term forecast | Business survey | Business Cycle | ZEW-CS-Indicator | Switzerland | Cyclical indicator

The ZEW-CS-Indicator dropped by 39.4 points to minus 43.4 points in June 2012. After a surprisingly strong first quarter, the surveyed financial market experts expect that economic growth in Switzerland will slow down considerably in the second half of the year.

Research
ICT | Internationalization | Innovation

Innovation, skilled employees and customised products and services are the success factors of German ICT (Information and Communication Technology) companies for accessing foreign markets. These are the findings of a study conducted by the Centre for European Economic Research (ZEW) on behalf of the Federal Ministry of Economics and Technology (BMWi). The study represents the preparatory work for the 6th National IT Summit on December 6, 2011, in Munich. It analyses the key intentions, success factors and problems regarding the internationalisation of German companies from the ICT sector. The study includes a representative survey of approx. 600 ICT businesses.

ZEW Indicator of Economic Sentiment
Short-term forecast | Germany | Business survey | ZEW Indicator of Economic Sentiment | Business Cycle | Cyclical indicator

The ZEW Indicator of Economic Sentiment for Germany has decreased by 6.9 points in November 2011. This is the ninth decline in a row. The indicator now stands at minus 55.2 points. This value is below the indicator’s historical average of 25.0 points. A lower value of the indicator was last seen in October 2008.

Research
Students | Real estate market | Housing market

During the coming years, there will be continuing pressure on the housing markets in the university cities of Baden-Württemberg. Especially in big university cities, mainly Stuttgart, Freiburg im Breisgau and Constance, the demand for student accommodation will far exceed the supply. These are the core findings of a study analysing the development of the market for student housing in Baden-Württemberg. The research was conducted by the Centre for European Economic Research (ZEW), Mannheim in cooperation with the University of Mannheim on behalf of the L-Bank, State Bank for Baden-Württemberg.

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