1. 10.08.2021 · 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 Index for Germany decresed to 40.4 points

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current August 2021 survey, falling 22.9 points to a new reading of 40.4 points compared to July. This is the third time since May that the indicator has dropped, this time even somewhat stronger than in the previous month. The assessment of the economic situation in Germany improved in August, and currently stands at 29.3 points, 7.4 points higher than in July.

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  2. 04.08.2021 · ZEW (der/sel)
    Information Economy
    Information Services | Homeoffice | Coronavirus | Processing industries
    Survey shows expected home office use continues to rise.

    Soon after the outbreak of the COVID-19 pandemic, many companies in Germany expected a long-term expansion of working from home arrangements. A ZEW survey conducted in June 2021 has confirmed the companies’ early forecasts. Some companies have even increased their expectations about the use of working from home after the pandemic ends. The survey also found that many companies, especially larger ones, have equipped their employees with digital devices over the course of the pandemic.

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  3. 30.07.2021 · ZEW (kki/deg)
    Comment
    ECB | Banking supervision | Banking crisis | Bank liquidity | Bank Regulation | Banking System
    [Translate to English:] Photo of ZEW economist Dr Karolin Kirschenmann.

    On 30 July, the European Banking Authority (EBA) published the results of the stress test it carried out on 50 banks in the euro area. Dr. Karolin Kirschenmann, deputy head of the “International Finance and Financial Management” Research Department at ZEW Mannheim, explains:

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  4. 22.07.2021 · ZEW (fhe/deg)
    Comment
    ECB | Interest rate policy | Euromarket | Monetary Policy
    Professor Friedrich Heinemann

    The Federal Statistical Office published its preliminary results on the development of the German inflation rate in August 2021. According to the calculations, the inflation rate measured by the German consumer price index has risen to 3.9 per cent, a slight increase compared to 3.8 per cent reported in the previous month. 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. 22.07.2021 · ZEW (fhe/deg)
    Comment
    ECB | Interest rate policy | Euromarket | Monetary Policy
    Professor Friedrich Heinemann

    For the first time since the reformulation of its strategy, the ECB Governing Council discussed the future course of its monetary policy. With today’s decision, the ECB has changed its monetary policy outlook. Interest rates are now to be kept low until the ECB expects inflation to reach and stay at two per cent for the foreseeable future. It explicitly allows for transitional phases in which the inflation rate is above the two per cent mark. Previously, inflation prospects of “close to, but below two per cent” were named as a precondition for an interest rate hike. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, explains:

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  6. 19.07.2021 · ZEW (fhe/sbl/tkg/ggr)
    Research
    Economic sciences | Education | Elections | Information acquisition
    Symbol image of a woman with tablet who has opened various slides.

    There is still considerable room for improvement in Germany when it comes to knowledge of economic facts: Although Germans are better informed than average in a global comparison, they are only in the middle of the pack compared to other industrialised countries. Interestingly, misjudgements are usually more pessimistic than the reality. Germany’s economic performance is often assessed too negatively, for instance, with regard to the country’s economic performance, the level of unemployment, the employment rate of women, and inequality. This is the result of a research project conducted by ZEW Mannheim with the support of the Brigitte Strube Stiftung.

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  7. 15.07.2021 · ZEW (jdi/bkr/cra/deg)
    Research
    Coronavirus | Innovation | Research and Development | Digitisation
    Graphic on the ZEW Study on Innovative Firms

    During the coronavirus pandemic, companies in Germany reduced their innovation activities less than anticipated. This is shown by a recent study by ZEW Mannheim on behalf of the Federal Ministry of Education and Research. German companies that participated in the ZEW Innovation Survey from March to July 2020 planned to cut their innovation spending by an average of about two per cent in 2020. “By comparison, during the 2009 financial crisis, companies lowered their innovation spending much more drastically, by an average of eleven per cent,” says ZEW researcher and co-author of the survey, Josefine Diekhof, PhD.

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  8. 14.07.2021 · ZEW (sru/jab/deg)
    Research
    European Union | Climate protection | EU Commission | Greenhouse gas emissions | Emissions trading
    Symbol image of a woman in front of the european building.

    The reform of the European Emissions Trading Scheme (EU ETS) presented today by the EU Commission will reduce the cost of climate protection in 2030 from 2.8 per cent of EU-wide consumption to 1.9 per cent. The proposal, however, does not exploit the full savings potential of 1.1 per cent. A smart distribution of the CO₂ budget could save the EU up to 152 billion euros in economic costs. The Commissions’ current proposal, on the other hand, reduces climate protection costs by only 81 billion euros, mainly by introducing a second emissions trading system. This is the result of a recent calculation by ZEW Mannheim based on a macroeconomic simulation model.

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  9. 09.07.2021 · ZEW (cra/ggr)
    Research
    Artificial intelligence | Enterprise | Digitisation
     Symbol image with connected technologies between two hands.

    A more powerful IT infrastructure and government funding options would encourage more companies to use artificial intelligence (AI) applications. The main obstacles preventing companies from making greater use of this technology are the high development and implementation costs and the lack of skilled workers. The companies surveyed still see significant room for improvement for Germany in terms of AI in comparison to other countries. These are the results of a survey conducted by ZEW Mannheim on behalf of the Federal Ministry for Economic Affairs and Energy among more than 950 companies actively using AI or with a potential to use AI.

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  10. 08.07.2021 · ZEW (fhe)
    Comment
    ECB | Monetary Policy | Inflation
    ZEW Econimist Professor Dr. Friedrich Heinemann.

    The ECB Governing Council has decided to change its inflation target. Previously, the central bank aimed to keep inflation “below, but close to, 2 per cent”. The “below but close” wording will be dropped in future, so that the ECB will now pursue a symmetrical 2 per cent inflation target. Proposals for formulations that explicitly set the target at an average inflation rate, on the other hand, have not gained acceptance. In addition, costs of housing, including for owner-occupied real estate, shall be more strongly taken into account in the measurement of inflation. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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