1. 23.03.2021 · ZEW (msc/sel)
    China Economic Panel
    Greater China | Short-term forecast | Cyclical indicator
    The CEP indicator fell by 21.2 points in the March survey and currently stands at 42.8 points.

    In the March 2021 survey (9–17 March 2021), the CEP indicator decreased by 21.2 points to a new value of 42.8 points. Despite this sharp decline, the indicator remains at a very high level. The CEP indicator, based on the China Economic Panel (CEP) and conducted by ZEW Mannheim in cooperation with Fudan University, Shanghai, reflects the economic expectations of international financial market experts for China on a 12-month basis.

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  2. 19.03.2021 · ZEW (kki/deg)
    Consolidation of the banking sector | ZEW Financial Market Survey | Credit risk
    Bank towers in the open air.

    According to financial market experts, the German banking sector is likely to face a rising number of loan defaults and a growing need to make additional provisions for corporate loans in the coming six months. In addition, they anticipate a slight increase in consolidation among savings banks and cooperative banks. These are the results of a special question featured in the most recent ZEW Financial Market Survey carried out in March 2021 among 189 financial market experts.

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  3. 19.03.2021 · ZEW (mot/deg)
    price of electricity | Renewable Energies
    Symbol Image with wind turbines and electricity energy.

    The electricity price should not be set uniformly nationwide, as has been the case in Germany so far, but should take into account the local physical conditions of the grid. This is the result of a recent research paper published by a consortium consisting of the Technical University of Munich, FIM / Fraunhofer FIT, DIW Berlin, the Institute of Energy Economics at the University of Cologne (EWI) and ZEW Mannheim within the framework of the Kopernikus project ‘SynErgie’ funded by the German Federal Ministry of Education and Research and coordinated by Project Management Jülich (PtJ).

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  4. 17.03.2021 · ZEW (ssi/deg)
    Distributional impacts | Income distribution | Housing rent
     Symbol image to property tax with miniature house on calculator.

    The property tax burden of poorer tenants is more than four times higher than the burden of richer tenants. Landlords are able to fully pass through the tax to rental prices after three years. On the other hand, sales prices do not react to tax changes. A recent study by ZEW Mannheim in cooperation with Maastricht University confirms this. The property tax is therefore a regressive tax. Relatively speaking, it burdens households with lower incomes more than households with a higher financial standing.

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  5. 16.03.2021 · ZEW (msc/sel)
    ZEW Indicator of Economic Sentiment
    Business survey | Short-term forecast | Cyclical indicator | Germany | Europe | ZEW Financial Market Survey
    ZEW index increased to 76.6 points.

    The ZEW Indicator of Economic Sentiment for Germany increased again in the current March 2021 survey, climbing 5.4 points to a new reading of 76.6 points compared to February. This means that since December 2020, the indicator has recorded a rise of more than 20 points.The assessment of the economic situation in Germany is also more positive than in the previous month, and currently stands at minus 61.0 points, 6.2 points higher than in February. The assessment of the situation has thus slightly improved by 5.5 points since December 2020.

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  6. 15.03.2021 · ZEW (mws/deg)
    Energy consumption
    Woman activates light switch.

    In Germany, customers usually receive their electricity, water and gas bills once per year. A recent study of ZEW Mannheim shows that this type of billing leads to more utility consumption. Paying these bills immediately could provide incentives to reduce consumption.

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  7. 12.03.2021 · ZEW (fhe)
    Europe | Public Budget | Coronavirus
    ZEW Economist Professor Dr. Friedrich Heinemann on the debt of the EU.

    The German Federal Audit Office has published a special report on the consequences of joint EU borrowing in the context of the European coronavirus recovery package. In this report, which is based on calculations conducted by ZEW Mannheim in October 2020 for an expert hearing at the German Bundestag, the Federal Audit Office has confirmed the figures and findings of the ZEW study. The new own resources decision will provide the EU with a guaranteed volume of at least four billion euros, which far exceeds the repayment obligations for the recovery plan. This creates incentives to expand joint European borrowing to finance other purposes, even if this borrowing is, for now, legally limited to the scope of financing the recovery plan. Under the new own resources decision, all EU states will be jointly liable for EU debt until 2058, which, according to the German Federal Audit Office, undermines the principle of national ownership. Professor Friedrich Heinemann, author of the ZEW study on the EU own resource decision and the liability implications for Germany’s federal budget, comments on this matter:

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  8. 09.03.2021 · ZEW (ssi/deg)
    Professor Sebastian Siegloch in a commentary on the minimum wage increase.

    The Federal Ministry of Finance and the Federal Ministry for Labour and Social Affairs have released a white paper which should lay the foundation for an increase in the minimum wage. Professor Sebastian Siegloch, head of ZEW’s Research Department “Social Policy and Redistribution”, comments on this matter.

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  9. 08.03.2021 · ZEW (tbk/sel)
    Stock Market
    This inequality could be addressed by investing in financial literacy and trust.

    Women are less involved in the stock market and other financial activities concerning wealth accumulation compared to their male counterparts. This is not only attributable to actual gaps in women’s financial literacy, but also to a lack of self-confidence. Women frequently underrate their actual financial knowledge. These are the findings of a study conducted by ZEW Mannheim in cooperation with the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University School of Business, the University of Groningen, and the Dutch central bank, De Nederlandsche Bank (DNB).

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  10. 05.03.2021 · ZEW (vme/lra/sel)
    Women | Corporate value | Board of directors
    The study analyzes the effect of the women's quota in comparison to countries with legally binding percentages.

    Women on the board of companies have a positive impact on their value. Crucially, the quota for women in corporate management – also known as a boardroom quota – primarily results in the scaling down of inefficient corporate processes. These are the findings of a study conducted by ZEW Mannheim and the New Economic School in Moscow. The study examined both the corporate board structure and the characteristics of its board members in seven European countries with regulations concerning this quota, which range from light to rigorous. A further step was to investigate the effects of the quota on firms’ value and operations, using financial data on the years before the quota was announced and after the compliance date had passed.

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