1. 08.12.2020 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    Cyclical indicator | Short-term forecast | Business survey | Germany | Europe
    ZEW Indicator of Economic Sentiment for Germany

    The ZEW Indicator of Economic Sentiment for Germany increased in the current December survey, climbing 16.0 points to a new reading of 55.0 points. Economic expectations have thus largely recovered from the sharp decline witnessed in the previous month. The assessment of the economic situation in Germany worsened again, and currently stands at minus 66.5 points, 2.2 points lower than in November. The assessment of the situation thus falls slightly below the September 2020 figure (minus 66.2 points).

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  2. 08.12.2020 · ZEW (fhe/ahv/deg)
    Research
    Coronavirus | ECB
     The overweighting of countries took place long before the coronavirus crisis.

    The Eurosystem’s bond purchases since the beginning of the COVID-19 pandemic deviate significantly from the ECB’s capital key in terms of their allocation among eurozone countries. Relative to the capital key, Italian government bond purchases deviated by as much as 25 per cent between March and September 2020, while Spain’s share of purchases exceeded its national capital key by eleven per cent, Belgium’s by seven per cent, and Slovenia and France’s by three per cent each. These are the findings of a study on the ECB’s sovereign purchase programmes, conducted by researchers of ZEW Mannheim with the support of the Brigitte Strube Stiftung.

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  3. 02.12.2020 · ZEW (dos/deg)
    Research
    flood damages
     The new ZEW study investigates educational campaigns in the field of flood protection.

    Natural disasters such as floods are becoming increasingly more common as a consequence of climate change. Several federal state governments in Germany have therefore initiated large-scale awareness campaigns in cooperation with the insurance industry. The aim is to make households more aware of this matter so they can cover themselves against damages caused by floods. A study led by Dr. Daniel Osberghaus, researcher in ZEW’s “Environmental and Resource Economics” Department, shows, however, that these campaigns have hardly had an effect on private flood protection or insurance decision-making.

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  4. 30.11.2020 · ZEW (der/deg)
    Comment
    Coronavirus

    The video communications software provider Zoom has recently published its figures for the third quarter of 2020. ZEW economist Dr. Daniel Erdsiek, researcher in ZEW’s “Digital Economy” Department, comments on this matter.

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  5. 30.11.2020 · ZEW (ibe/sel)
    Research
    Digital Economy | Industry Analysis

    There are significant differences in the degree of digitalisation in the German economy. This becomes clearly apparent when looking at the different economic sectors, company sizes, groups of federal states as well as types of region. Compared to the rest of the economy, the ICT sector leads the way when it comes to digitalisation – and by a wide margin: With a total of 273.0 index points, the ICT sector is far above the standardised industry average of 100 points. The sector ‘other production industries’ (55.6 index points) shows the worst performance in terms of digitalisation, followed by the tourism industry (64.4 index points) and other manufacturing industries (66.7 index points).

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  6. 27.11.2020 · ZEW (gli/deg)
    Comment
    Budgetary process
     ZEW-economist Dr.Georg Licht comments on the latest decisions of the Budget Committee.

    In its meeting yesterday, the German Bundestag’s Budget Committee approved a fund to promote start-ups. Dr. Georg Licht, head of the ZEW Research Department “Economics of Innovation and Industrial Dynamics” at ZEW Mannheim, comments on this matter.

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  7. 27.11.2020 · ZEW (pbo/sel)
    Research
    Innovation | Research and Development
    Mixed signals from China regarding its economic goals.

    The fourteenth Five-Year Plan (2021–2025) emphasises innovation as the driving force for China’s future economic development with the aim of doubling Chinese GDP and income per capita until 2035. However, a glance at the country’s approaches to implement these economic policy goals reveals a rather mixed picture. On the one hand, China continues to highlight the importance of market-oriented reforms and deregulation; on the other hand, the aim is to achieve economic and technological self-sufficiency under government leadership. A recent ZEW expert brief explains how previous economic-policy measures have impacted on Chinese innovative and economic output. This expert brief marks the beginning of a series of publications by researcher Philipp Boeing and his team who jointly present their research findings on China’s innovation activity.

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  8. 27.11.2020 · ZEW (ibe/msf/sel)
    Research
    Digital Economy | SMe
    Results show that the use of digital technologies to reduce energy consumption is rather hesitant.

    Businesses have so far been rather hesitant to introduce digital technologies that reduce energy consumption, although there are many ways to apply these technologies. Only one third of companies in the manufacturing sector and around 20 per cent of companies in the information economy cited energy savings as a reason for implementing digitalisation measures. These are some of the findings of a study on digitalisation and energy efficiency published today, which was conducted by ZEW Mannheim together with IW Consult and the Institute for Industrial Management FIR at RWTH Aachen University on behalf of the Federal Ministry for Economic Affairs and Energy.

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  9. 23.11.2020 · ZEW (lfi/tbl/csp/sel)
    Research
    Coronavirus
    The results show, that only large companies benefit.

    The Second Coronavirus Tax Assistance Act (“Zweites Corona-Steuerhilfegesetz”) is not ambitious enough to cushion the effects of the crisis. In the way the measures are currently designed, particularly small companies benefit little from the tax reliefs. Relative to the severity of the crisis, the measures are, overall, too soft and not innovative enough. These are the results of a study conducted by a team of researchers at ZEW Mannheim and the University of Mannheim, which was published in the journal “Der Betrieb”. “With the Second Coronavirus Tax Assistance Act, legislators will achieve a fast, but rather modest boost,” concludes ZEW Research Associate Professor Christoph Spengel, who holds the Chair of Business Administration and Taxation II at the University of Mannheim. “The measures fall short of what is necessary to address the severity of the crisis. The coronavirus crisis is hitting the German economy harder than the financial crisis did. It would therefore be appropriate to introduce more far-reaching measures.”

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  10. 20.11.2020 · ZEW (fhe/deg)
    Comment
    Coronavirus | Community Law | EU Presidency | Rule of law
    Professor Dr. Friedrich Heinemann on controversial issues of the Coronavirus Plan.

    Hungary and Poland vetoed the EU’s 1.8 trillion euro budget plan for the years 2021 to 2027. The bone of contention has been a new mechanism under which Member States can lose EU funds for violating the rule of law. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter.

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