1. 31.10.2021 · ZEW (mkn/rha/sel)
    ZEW policy brief | UN climate change conference | Climate protection | Emission reduction
    ZEW policy brief on the establishment of a climate club

    Successful climate protection requires more effective incentive schemes that motivate countries to increase their efforts to reduce greenhouse gas emissions. According to ZEW, the UN Climate Change Conference in Glasgow (COP26) offers a good opportunity to negotiate or even establish a climate club. This would be an important step towards raising the level for ambitious climate protection. For the ZEW economists, on the other hand, it is questionable whether the gradual increase in country-specific climate change mitigation efforts agreed in the Paris Climate Agreement is really sufficient to achieve the global climate protection target. According to calculations by Climate Action Tracker, many countries have hardly shown any ambition to further reduce their emission targets. At the same time, only a few signatory countries to the Paris Agreement are on track with the 2-degree target. The reason for the hesitation of many countries certainly also lies in the underlying free-rider incentives that emanate from contributions by others to their own ambition levels.

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  2. 21.10.2021 · ZEW (der/ybr)
    Crowdworking | Digitisation | Information Services | Processing industries

    The use of crowdworking platforms by companies in Germany has risen steadily in recent years. “In 2020, 8.2 per cent of companies in the information economy and 6.1 per cent of companies in the manufacturing industry made use of crowdworking,” says Dr. Daniel Erdsiek, a researcher in the “Digital Economy” Department at ZEW Mannheim. “In addition, about one per cent of companies planned to start using crowdworking by the end of 2021.”

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  3. 20.10.2021 · ZEW (fhe/deg)
    Deutsche Bundesbank | ECB | Monetary Policy | Monetary policy decisions
    Professor Friedrich Heinemann sitting on a seat.

    Bundesbank President Jens Weidmann has requested his resignation at the end of the year. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, has commented on this matter:

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  4. 19.10.2021 · ZEW (fhe)
    European stability pact | Public Debt | Europe | EU Commission
    Image of Professor Dr. Friedrich Heinemann.

    The European Commission has initiated the debate on a possible reform of the Stability Pact by presenting a first discussion paper. In view of the sharp increase in debt ratios due to the pandemic and the high investment needs in the areas of climate policy and digitalisation, the paper proposes to review the existing debt rules. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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  5. 12.10.2021 · ZEW (msc/fbr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | ZEW Financial Market Survey | Business survey | Short-term forecast | Cyclical indicator | Business cycle research | Germany | Europe
    ZEW Indicator of Economic Sentiment decreased again.

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current October 2021 survey, falling 4.2 points to a new reading of 22.3 points compared to September. This is the fifth time in a row that the indicator has experienced a fall. The assessment of the economic situation in Germany has worsened in the current survey, and currently stands at 21.6 points, 10.3 points lower than in the previous month. This is the first time that the indicator has recorded a decline after its continuous increase between February and September 2021. Compared to the previous month, the outlook for the economic development in the next six months has noticeably deteriorated.

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  6. 08.10.2021 · ZEW (csp/lfi/sel)
    Debt financing | Debt Financing | Equity capital | Economics of Taxation | Tax incentive | Corporate Finance and Investment Policy
    ZEW policy brief on solution strategies around the debt-equity bias.

    The economic crisis following the COVID-19 pandemic has increased the debt levels of corporations and reduced the level of investments. Companies can use both equity and debt capital to finance investments. From a tax perspective, interest payments on debt are generally deductible from the corporate tax base, while costs related to equity are not. This debt-equity bias is a deep-rooted issue in today’s tax system and inhibits equity-financed investments. A recent ZEW policy brief shows that harmonisation at the European level is not suitable for solving the tax-induced distortion. Instead, the researchers recommend addressing the debt-equity  bias on national level, e.g. by implementing a dual income tax.

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  7. 05.10.2021 · ZEW (ybr)
    Supervisory board

    At its meeting on 4 October 2021, the supervisory board of the ZEW – Leibniz Centre for European Economic Research in Mannheim elected Dr. Hans J. Reiter as its new chair. Reiter has been ministerial director and head of the Ministry of Science, Research and the Arts of the State of Baden-Württemberg since July 2021. Dr. Ralf Krieger, member of the executive board at Freudenberg SE, will continue to serve as vice-chair.

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  8. 30.09.2021 · ZEW (msc/jrr/fbr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Financial Market Survey | ZEW Indicator of Economic Sentiment | Short-term forecast | Cyclical indicator | Germany | Europe

    In 2022, the ZEW Indicator of Economic Sentiment will be released on the following dates at 11:05 a.m. Frankfurt Time.

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  9. 21.09.2021 · ZEW (ybr)
    Coronavirus | Health | Health economics
    Picture of Dr. Simon Reif.

    Dr. Simon Reif, health economist and head of the Project Group “Health Care Markets and Health Policy” at ZEW Mannheim, received the award for thought leader of the year 2021 from Handelsblatt and the Boston Consulting Group yesterday in Berlin. He works to boost digitalisation in the health care sector and help policymakers create effective incentives for the population, especially during the COVID-19 pandemic.

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  10. 15.09.2021 · ZEW (jab/lra/sel)
    Renewable Energies | CO2 emission | Electricity market | price of electricity
    Image of renewable energies.

    Electricity from solar or wind power is increasingly substituting electricity from conventional coal and gas-fired power plants in Germany. This reduces both emissions and wholesale prices on the energy market. Both effects benefit not only Germany, but – via the transnational electricity market – also its neighbouring countries. However, the costs of promoting renewable energies are mainly borne by German consumers, as they pay the EEG surcharge levied on them. This is the result of a study by ZEW Mannheim and the Potsdam Institute for Climate Impact Research (PIK) based on generation and wholesale market price data for ten Central European countries between 2015 and 2020.

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