1. 08.11.2021 · ZEW (awh/tko/rha)
     ZEW logo on the occasion of the 30th anniversary of the institution.

    The ZEW – Leibniz Centre for European Economic Research celebrated its 30th anniversary on Monday, 8 November 2021. Since its foundation in 1991, the institute has become one of the most important voices in economic research and policy advice. “Specialising in empirical microeconomics has been ZEW’s trademark from the very beginning. This means that we have always focused on people, firms and markets in our research and that we have also kept an eye on feasibility when providing advice,” says ZEW President Professor Achim Wambach. “All research departments have developed their own unique competencies and are internationally respected. At the same time, ZEW has recently expanded its research in the area of market design. Here, we address questions on how markets can be organised intelligently to ensure a competitive and sustainable economy in the long run.”

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  2. 05.11.2021 · ZEW (ibe/deg)
    Comment
    Digitisation | Coalition government | Digital Economy
    ZEW-Economist Irene Bertschek

    According to a report in the Handelsblatt, the so-called traffic light coalition partners SPD, FDP and the Greens, named after the traditional colours of the parties, have agreed not to create a digital ministry. Professor Irene Bertschek, head of the ZEW Research Department “Digital Economy”, has commented on that matter:

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  3. 04.11.2021 · ZEW (cgd/bch/deg)
    Research
    Energy efficiency | Building | Facility management | Climate protection | Tax Incentive
     Blue symbol for energy efficiency in buildings

    French policies to support households in refurbishing their homes for energy savings purposes differ considerably in terms of their cost-effectiveness. This is shown by a recent analysis by ZEW Mannheim. “The result is that the white certificates scheme (energy efficiency certificates involving energy suppliers) is the most cost effective,” explains ZEW researcher Dr. Claire Gavard, one of the authors of the study.

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  4. 03.11.2021 · ZEW (ssi/rha)
    Research
    Business tax | Innovation | Research and Development

    An increase in local business taxes has a negative impact on innovation in companies and economic growth in Germany. Higher taxes cause companies to reallocate their research and development (R&D) activities or abandon them altogether. As a result, the number of newly registered patents decreases, and with it the competitiveness in the market. This is the conclusion of an international team of researchers who examined how changes in local business tax rates slowed innovation over a 30-year period. “Higher taxation on companies leads them to reduce their investment in research and development, regardless of the company’s size. It is worthwhile for policymakers to take a closer look at this matter. So far, tax incentives for R&D have often been closely linked to the size of a company,” says Professor Sebastian Siegloch, head of the ZEW Research Department “Social Policy and Redistribution”. Under the Research Allowance Act implemented in Germany in 2019, all businesses conducting R&D have access to research allowances, which is a reasonable approach.

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  5. 02.11.2021 · ZEW (fhe/rha)
    Research
    Public Budget | Expenditure | Public Expenditure
    ZEW on a “future quota”

    In the coming years, public budgets in Germany will have to earmark considerable resources for long-term goals in the areas of climate, education and innovation policy. These are in competition for budgetary resources with policy areas that have an immediate benefit today and therefore enjoy strong political support. On behalf of the Federal Ministry of Education and Research, ZEW has now designed and calculated a “future quota” for the federal budget. This quota reflects the extent to which the budget provides funds for policies that will only generate benefits in the medium or long term. For 2019, which is the last federal budget before the pandemic, the study calculated that the “future quota” of the federal budget was at 18.3 per cent. ZEW recommends that such a quota be used as a compass for the budgets of the federal and state governments to counteract a budgetary present bias.

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  6. 31.10.2021 · ZEW (mkn/rha/sel)
    Research
    ZEW policy brief | UN climate change conference | Climate protection | Emission reduction
    ZEW policy brief on the establishment of a climate club

    Successful climate protection requires more effective incentive schemes that motivate countries to increase their efforts to reduce greenhouse gas emissions. According to ZEW, the UN Climate Change Conference in Glasgow (COP26) offers a good opportunity to negotiate or even establish a climate club. This would be an important step towards raising the level for ambitious climate protection. For the ZEW economists, on the other hand, it is questionable whether the gradual increase in country-specific climate change mitigation efforts agreed in the Paris Climate Agreement is really sufficient to achieve the global climate protection target. According to calculations by Climate Action Tracker, many countries have hardly shown any ambition to further reduce their emission targets. At the same time, only a few signatory countries to the Paris Agreement are on track with the 2-degree target. The reason for the hesitation of many countries certainly also lies in the underlying free-rider incentives that emanate from contributions by others to their own ambition levels.

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  7. 21.10.2021 · ZEW (der/ybr)
    Research
    Crowdworking | Digitisation | Information Services | Processing industries

    The use of crowdworking platforms by companies in Germany has risen steadily in recent years. “In 2020, 8.2 per cent of companies in the information economy and 6.1 per cent of companies in the manufacturing industry made use of crowdworking,” says Dr. Daniel Erdsiek, a researcher in the “Digital Economy” Department at ZEW Mannheim. “In addition, about one per cent of companies planned to start using crowdworking by the end of 2021.”

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  8. 20.10.2021 · ZEW (fhe/deg)
    Comment
    Deutsche Bundesbank | ECB | Monetary Policy | Monetary policy decisions
    Professor Friedrich Heinemann sitting on a seat.

    Bundesbank President Jens Weidmann has requested his resignation at the end of the year. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, has commented on this matter:

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  9. 19.10.2021 · ZEW (fhe)
    Comment
    European stability pact | Public Debt | Europe | EU Commission
    Image of Professor Dr. Friedrich Heinemann.

    The European Commission has initiated the debate on a possible reform of the Stability Pact by presenting a first discussion paper. In view of the sharp increase in debt ratios due to the pandemic and the high investment needs in the areas of climate policy and digitalisation, the paper proposes to review the existing debt rules. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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  10. 12.10.2021 · 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 Indicator of Economic Sentiment decreased again.

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current October 2021 survey, falling 4.2 points to a new reading of 22.3 points compared to September. This is the fifth time in a row that the indicator has experienced a fall. The assessment of the economic situation in Germany has worsened in the current survey, and currently stands at 21.6 points, 10.3 points lower than in the previous month. This is the first time that the indicator has recorded a decline after its continuous increase between February and September 2021. Compared to the previous month, the outlook for the economic development in the next six months has noticeably deteriorated.

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