1. 19.06.2020 · ZEW (chs)
    Comment
    Coronavirus | Solidarity
    ZEW Economist Friedrich Heinemann comments on the decisions of the EU Council summit.

    Today, the European Council will discuss the proposals by the European Commission regarding the EU financial framework and the coronavirus recovery plan, Next Generation EU. The Commission proposed a 750-billion-euro recovery fund based on European bonds to help Member States weather the recession triggered by the coronavirus. What is at issue in the Council is not so much the size of the package as its allocation among the Member States and aid instruments. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter:

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  2. 14.05.2020 · ZEW (fhe)
    Comment
    Public Budget | Tax revenue estimation
    ZEW Economist Friedrich Heinemann estimates tax losses as automatic stimulus package.

    Against the backdrop of the severe coronavirus-induced recession, the German Federal Ministry of Finance’s Working Party on Tax Revenue Estimates has now published its new forecasts. According to the estimates, this year alone, tax revenues at federal, state and municipal level will be 98.6 billion euros lower than previously expected. For the years 2020 to 2023, the expected revenues have been revised downwards by a total of 315.9 billion euros. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments.

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  3. 05.05.2020 · ZEW ()
    Comment
    ECB | Monetary Policy
    ZEW Economist Friedrich Heinemann reflects ruling on ESC bond purchases.

    Today the Federal Constitutional Court announced its eagerly awaited ruling on the “Public Sector Purchase Programme” (PSPP) of the European Central Bank (ECB). The Karlsruhe court considers that, with the ECB’s decision to establish a PSPP, the central bank exceeded its monetary policy mandate insofar as the ECB has unsatisfactorily proven the programme’s proportionality. If the Governing Council does not provide a justification of the proportionality of the measure within three months, the Bundesbank is prohibited from further participation in the PSPP. 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. 24.04.2020 · ZEW ()
    Comment
    Coronavirus | European Integration and EU Policy | Economic crisis
    ZEW Economist comments on the European Recovery Fund during the coronavirus pandemic.

    For the latest EU summit video conference on tackling the consequences of the coronavirus pandemic, European leaders agreed on a 500 billion euro rescue package and a European Recovery Fund. 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. 08.04.2020 · ZEW ()
    Comment
    Eurobonds | Coronavirus | Public Debt
    Achim Wambach and Friedrich Heinemann of ZEW expect damage from corona bonds instead of benefit.

    In a recently published opinion piece, ZEW President Professor Achim Wambach and Professor Friedrich Heinemann, head of the ZEW Research Department “Corporate Taxation and Public Finance”, argue in favour of using the European Stability Mechanism as an instrument of financial assistance instead of corona bonds. In their view, corona bonds are difficult to implement, their underlying concept would not meet the desired needs and they would currently do more harm than good to Europe.

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  6. 19.03.2020 · ZEW ()
    Comment
    ECB | Monetary Policy | Coronavirus
    Friedrich Heinemann advocates ECB measures to stabilise the euro zone during the coronavirus pandemic.

        The Governing Council of the European Central Bank (ECB) has launched a new comprehensive asset purchase programme to stabilize the eurozone in the coronavirus crisis. An initial sum of 750 billion euros will be used to purchase government, corporate and bank bonds until the end of the year. In contrast to the previous government bond-buying programme, the ECB capital key now serves only as a benchmark for the purchases. The ECB explicitly reserves the right to deviate from this key temporarily. In addition, requirements regarding the minimum credit quality of the bonds will be suspended, with the result that, unlike in the previous programme, Greek government bonds can now also be purchased. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, comments on this matter.

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  7. 13.03.2020 · ZEW (adl)
    Comment
    Public Procurement | Europe | Coronavirus
    ZEW Researcher Adriano De Leverano comments on joint procurement health care during the corona pandemic.

    Whereas the Italian government recently issued a nationwide lockdown due to the spread of the coronavirus ordering people to leave their homes only for work or health reasons, the rest of Europe is also threatened by the effects of the pandemic. In the light of the EU’s health ministers still trying to find consensus on launching a joint procurement process for the purchase of medical supplies, the need for such processes to come into effect is all the more urgent. Dr. Adriano De Leverano, economist in the Junior Research Group “Economics of Public Procurement” at ZEW Mannheim, comments on this matter.

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  8. 04.03.2020 · ZEW ()
    Comment
    EU Commission | CO2 | Emissions trading
    ZEW Economist Martin Kesternich comments the new European Climate Law.

    Today, the European Commission presented the European Climate Law in Brussels. Martin Kesternich, deputy head of the ZEW Research Department “Environmental and Resource Economics, Environmental Management” at ZEW Mannheim and professor of economics at the University of Kassel, shares his views on the goals and measures of the proposed law. 

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  9. 28.02.2020 · ZEW (fhe/sel)
    Comment
    Epidemic | Public Debt | Shock
    Friedrich Heinemann considers economic risks caused by the emerging corona pandemic.

    No one knows for certain yet what the economic consequences of the coronavirus will be for the German, European, and global economy, though everyone is aware of the potentially severe economic shock the epidemic could cause. The economic risks in this case are particularly high, as the epidemic creates disturbances on both the supply and the demand side, resulting in regions affected by the outbreak likely seeing a sharp drop in services offered by providers that rely on face-to-face interactions. Consequences will not only be felt in the gastronomy sector and the travel and tourism industry but the entire entertainment and cultural sector as well.

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  10. 28.02.2020 · ZEW (kso/sel)
    Comment
    ZEW Economist Kathrin Sommerfeld comments on the new Skilled Workers’ Immigration Act in Germany.

    On 1 March 2020, the new Skilled Workers’ Immigration Act will enter into force in Germany. This new legislation aims to facilitate migration for university graduates and vocationally trained individuals coming from non-EU countries. With this measure, the federal government hopes to reduce the skills shortage. Dr. Katrin Sommerfeld, head of the Junior Research Group “Integration of Migrants and Attitudes Towards the Welfare State (IMES)” at ZEW Mannheim, comments on this matter:

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