1. 08.07.2021 · ZEW (fbu/ssi/deg)
    Research
    Economics of Taxation | Social Policy | Family policy | Coalition government | Elections
    ZEW short expert report on the financial impact of potential parties.

    Financial policies proposed by parties running in the federal election differ greatly in their effect on low-income and high-income households. Tax relief proposed by FDP and CDU/CSU would greatly benefit high-income groups, while the political programmes of SPD, the Left Party and the Greens would increase the disposable income, combining net wages and social transfers, for low and medium-income groups. This is the result of an analysis conducted by a team of researchers at ZEW Mannheim, who evaluated the effects of central reform proposals on taxation, minimum wage, mini and midi-jobs, social security, and family policy on private households, on behalf of the daily newspaper “Süddeutsche Zeitung”.

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  2. 06.07.2021 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | Business survey | Short-term forecast | Cyclical indicator | Business cycle research | Germany | Europe | ZEW Financial Market Survey
     ZEW Indicator of Economic Sentiment for Germany decreased to 63.3 points.

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current July 2021 survey, falling 16.5 points to a new reading of 63.3 points. However, expectations for the next six months still remain at a very high level. The assessment of the economic situation in Germany once again improved strongly and stands at 21.9 points in July, 31.0 points higher than in the previous month. The economic situation in Germany is now rated similarly to how it was at the beginning of 2019, with the corresponding indicator now being back in positive territory for the first time in two years.

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  3. 05.07.2021 · ZEW (fhe)
    Comment
    ECB | Monetary Policy | Interest Rate | Interest rate policy
    Photo of Professor Friedrich Heinemann.

    The monetary policy of the European Central Bank has been deemed unconstitutional in an expert opinion by former Constitutional Court judge Paul Kirchhof. According to the expert report, the ECB’s policy represents an expropriation of savers and violates the right to private property. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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  4. 02.07.2021 · ZEW (csp/lfi/tbl/sel)
    Research
    Coronavirus | Corporate taxation | state subsidies
     Symbol image with stacks of coins of different heights and the letters for Covid-19.

    In Germany, the COVID-19-related tax relief measures taken so far are not ambitious enough to cushion the impact of the crisis. In their current form, they mainly relieve large companies, while small companies and start-ups hardly benefit at all. Further tax measures are therefore necessary to ensure that German companies are able to weather the crisis well. These are the results of a study by ZEW Mannheim on behalf of the Friedrich Naumann Foundation for Freedom.

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  5. 29.06.2021 · ZEW (awh)
    Comment
    Monopoly | Competition | Facebook | Technology-based company
    Image of the ZEW President Achim Wambach.

    A US court has dismissed the lawsuits against Facebook. The Federal Trade Commission and 40 US states had accused Facebook of having monopoly power in the social media market and wanted to force Facebook to reverse its acquisition of the image and video platform Instagram and the messenger service WhatsApp. Professor Achim Wambach, president of ZEW Mannheim and member of the German Monopolies Commission, comments as follows:

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  6. 28.06.2021 · ZEW (awh/rha)
    Comment
    China | Economic area | Competition
    ZEW President Achim Wambach comments on China

    On 1 July 2021, the Communist Party of the People’s Republic of China celebrates its 100th birthday. It governs a country whose importance for the global economy has grown enormously over the years. For Germany, the People’s Republic is a key export market. However, European companies are increasingly facing competition from Chinese companies.

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  7. 21.06.2021 · ZEW (awh)
    Comment
    Industrial Policy | Germany | Europe | Industrial change
    Professor Achim Wambach on the Day of German Industry.

    Shaping structural change poses a myriad of challenges for the industrial landscape and is the central topic at this year’s Day of German Industry (21 to 23 June 2021). ZEW President Professor Achim Wambach commented on this matter:

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  8. 18.06.2021 · ZEW (csp/clu)
    Comment
    Double taxation | Minimum level of taxation | OECD | Enterprise | corporate profit

    Support is growing for the introduction of a global minimum tax on corporate profits. This was clearly demonstrated at the recent meeting of the G7 finance ministers. The Federation of German Industries (BDI) took this as an opportunity to organise a panel discussion on “Global Minimum Tax – Consequences for the German Economy” on 18 June 2021, including Christopher Ludwig, a member of the team of tax experts led by Professor Christoph Spengel at ZEW Mannheim and the University of Mannheim. In recent months, the tax experts have closely examined and evaluated the OECD’s reform proposals. Spengel, who worked on a BDI paper on this topic, comments on the global minimum tax:

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  9. 17.06.2021 · ZEW (ibe/sel)
    Research
    Digitisation | Digital Economy | Coronavirus | Artificial intelligence
    Rural areas, where the majority of companies are located, still have some catching up to do in terms of bandwidths.

    The digital transformation continues to be a much-discussed topic that occupies business, politics and society. But how well are the federal states managing to keep up with this rapid development? An evaluation of the digitalisation level in Baden-Württemberg shows that the state has made great progress since the adoption of its digitalisation strategy “digital@bw” in 2017. The COVID-19 pandemic has accelerated this transformation considerably, but at the same time it has also revealed existing shortcomings. This is the result of a meta-study conducted by ZEW Mannheim on behalf of the state of Baden-Württemberg.

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  10. 16.06.2021 · ZEW (fbr/sel)
    Research
    Stock Market | cryptocurrencies | Public bond | ZEW Financial Market Survey | Stockholding behaviour | ZEW survey | Financial market experts
    Kyptocurrencies have lost considerable attractiveness.

    Against the background of rising inflation expectations and low interest rates, financial market experts have assessed the attractiveness of various asset classes for the next six months: While investments in stocks, commodities and real estate are currently considered attractive, the outlook for cryptocurrencies and conventional government bonds is clearly negative. Inflation-indexed bonds and green bonds are rated slightly positively by the financial analysts. This is the result of a question included in the ZEW Financial Market Survey, which was conducted among around 160 financial market experts in June 2021.

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