1. 04.03.2021 · ZEW (awh/ggr/sel)
    Comment
    Competition law | ZEW President
    Prof. Achim Wambach discusses current antitrust law with other experts at the 20th International Antitrust Conference.

    At the invitation of the German Federal Cartel Office, leaders and competition experts from various countries are discussing current issues of cartel law at the 20th International Conference on Competition today alongside Federal Minister of Economic Affairs and Energy Peter Altmaier and EU Competition Commissioner Margrethe Vestager. One of the focal points of this year’s event will be a panel discussion with Professor Achim Wambach, president of ZEW Mannheim and member of the Monopolies Commission, on public welfare goals as a challenge for antitrust practice. Wambach comments on this matter:

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  2. 04.03.2021 · ZEW (awh)
    Comment
    Insolvency | Coronavirus | Leibniz Association
    Professor Achim Wambach is optimistic about the economic outlook for Germany. He also sees positive signals from the global economy.

    The economic consequences of the pandemic will be felt in Germany and around the world for some time to come. Together with the presidents of the six German economic research institutes of the Leibniz Association, the president of ZEW Mannheim, Professor Achim Wambach, today discussed “The Economic Consequences of the Pandemic” at the annual Leibniz Economic Summit:

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  3. 02.03.2021 · ZEW (msc/sel)
    China Economic Panel
    Greater China | Short-term forecast | Cyclical indicator
    The CEP indicator rose by 9.1 points in the February survey and currently stands at 64.0 points.

    In the February 2021 survey (16–24 February 2021), the CEP indicator increased by 9.1 points to a new value of 64.0 points, its highest value to date since the survey began in mid-2013. 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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  4. 26.02.2021 · ZEW (gli/jdo/scw/sel)
    Research
    Company insolvency
    Chairs stacked on each other on wall of a restaurant.

    In response to the first COVID-19-related lockdown, particularly small and medium-sized enterprises in Germany received easy access to extensive state aid in order to strengthen the liquidity position of cash-strapped firms. For the most part, this was done in a ‘whatever-it-takes’ fashion to rescue as many firms as possible from insolvency. Clearly, it has been necessary to support healthy companies whose financial difficulties have been the result of the pandemic and the associated measures. However, struggling companies whose existence would have been under threat even without the lockdown also received financial aid. Due to the urgency of the measures, they were implemented in an untargeted manner, which – in addition to generating direct costs in the billions – could also have negative consequences for medium-term growth opportunities and productivity development in Germany. As a recent study by ZEW Mannheim shows, the untargeted financial support has contributed to a backlog of corporate insolvencies. In particular, very small, financially weak companies, which under normal economic circumstances would have been highly likely to file for insolvency, were kept alive without the prospect of successful recovery.

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  5. 24.02.2021 · ZEW (fhe)
    Comment
    Coronavirus | Germany | Public Budget

    According to preliminary calculations by the German Federal Statistical Office (Destatis), the coronavirus crisis in 2020 resulted in the government deficit totalling 139.6 billion euros. Professor Friedrich Heinemann, head of ZEW’s Research Department “Corporate Taxation and Public Finance”, comments on this issue:

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  6. 22.02.2021 · ZEW (ibe/deg)
    Research
    Innovation | Innovation activity | Coronavirus
    EFI members stand around a screen showing Chancellor Merkel and Federal Research Minister Karliczek.

    The current annual report from the Commission of Experts for Research and Innovation (EFI) that was delivered virtually to Chancellor Merkel today, analyses the impact of the coronavirus crisis on research and innovation (R&I) activities of companies and comments on the current R&I policies implemented by the government.

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  7. 22.02.2021 · ZEW (clu)
    Comment
    Coronavirus
    According to Christopher Ludwig, the Coronavirus Taxt Assistance Act is not developed enough to mitigate the crisis.

    The third Coronavirus Tax Assistance Act is not ambitious enough to soften the impact of the coronavirus crisis, which is hitting the German economy even harder than the financial crisis. Given the extent of the crisis, measures have turned out to be too cautious and not innovative enough on the whole. Therefore, further measures are appropriate. Christopher Ludwig, researcher in the ZEW’s “Corporate Taxation and Public Finance” Department, made this position clear at an expert hearing on the third Coronavirus Tax Assistance Act at the German Bundestag Finance Committee in Berlin.

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  8. 22.02.2021 · ZEW (srf/sel)
    Questions & Answers
    Health economics | Health care | ZEWnews
    Questions & Answers by Dr. Simon Reif about broad-based care and limited resources.

    The health economy is not only of considerable economic importance to Germany. Health services are also an essential part of the provision of public services for its citizens. At the start of 2021, ZEW set up the Project Group “Health Care Markets and Health Policy”. ZEW economist Dr. Simon Reif explains in the following interview what exactly health economics is, where we encounter it in our day-to-day lives and what research questions the project group is pursuing.

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  9. 22.02.2021 · ZEW (csp/vdu/sel)
    Research
    EU Commission | Transnational Corporations
     Financial firms see weakness in CbCR.

    Country-by-country reporting (CbCR) is being implemented very heterogeneously by EU Member States and the reporting financial firms. Instead of providing more tax transparency, the reports lack comparability and there are problems with their interpretation. The reason for this are imprecise specifications regarding the calculation and presentation of CbCR data. This is the conclusion of a study by ZEW Mannheim and the University of Mannheim. According to the study’s conclusion, the European Commission should therefore initiate clear and uniform guidelines as well as definitions for compiling a CbCR report before extending the reporting obligation to all multinational companies.

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  10. 18.02.2021 · ZEW (srf/ssu/sel)
    Research
    Health economics | Coronavirus
    Dr. Simon Reif, head of the project group “Health Markets and Health Policy” at ZEW sees the solution in standardized rapid tests.

    The coronavirus pandemic has led to a decline in cancer screenings, in particular during the first wave of the pandemic in spring 2020. This could have a negative impact on overall public health, as late diagnosis can reduce the chances of successful treatment. Fear of contracting COVID-19 seems to be a major reason why patients avoid screening appointments. This finding was confirmed by survey data as well as in a recent analysis of trending Google search terms conducted by economists at ZEW Mannheim.

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