1. 10.06.2021 · ZEW (fhe)
    Comment
    ECB | Monetary policy decisions | Monetary target | Securities Markets | Eurozone
    ZEW economist Professor Dr. Friedrich Heinemann in a commentary on the latest decisions and changes of the ECB.

    The ECB Governing Council has decided not to make any changes to its monetary policy yet. For the time being, bond purchases under the PEPP crisis programme will continue at their current level. Professor Friedrich Heinemann, head of the Research Department “Corporate Taxation and Public Finance” at ZEW Mannheim, explains:

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  2. 09.06.2021 · ZEW (sru/deg)
    Comment
    Climate protection | CO2 | CO2 reduction | Climate policy

    On 10 June, the German Bundestag will discuss an amendment to the Federal Climate Change Act. The amendment had become necessary after a ruling by the Federal Constitutional Court. Professor Sebastian Rausch, head of the Research Department “Environmental and Resource Economics, Environmental Management” at ZEW Mannheim, comments on this matter.

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  3. 08.06.2021 · ZEW (msc/fbr/jrr/sel)
    ZEW Indicator of Economic Sentiment
    ZEW Indicator of Economic Sentiment | ZEW Financial Market Survey | Business cycle research | Short-term forecast | Cyclical indicator | Business survey | Germany | Europe
    ZEW Indicator of Economic Sentiment declines to 79.8 points

    The ZEW Indicator of Economic Sentiment for Germany decreased in the current June 2021 survey, falling 4.6 points to a new reading of 79.8 points. By contrast, the assessment of the economic situation in Germany improved very significantly, with the corresponding indicator currently standing at minus 9.1 points, 31.0 points higher than in the previous month. The assessment of the economic situation in Germany is now back to the pre-pandemic level of August 2019. Due to the very high economic expectations, the outlook is now much more positive than in summer 2019.

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  4. 07.06.2021 · ZEW (csp)
    Comment
    Tax Policy | Corporate taxation | Minimum level of taxation
    [Translate to English:] Prof. Christoph Spengel begrüßt einheitliche, internationale Standards in der Steuerpolitik.

    At their meeting in London, the finance leaders from the Group of 7 countries agreed on backing the creation of a global minimum tax rate of at least 15 per cent for large companies. In addition, the agreement envisages forcing the largest and most profitable companies to pay taxes on part of their turnover to countries based on where they sell their services and goods. Until now, multinational companies have been able to shift profits and thus avoid taxation in countries with higher tax rates. Professor Christoph Spengel, tax expert at ZEW Mannheim and the University of Mannheim, comments on these plans:

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  5. 07.06.2021 · ZEW (vme/deg)
    Comment
    Diversity management | Economics of Gender | Gender mainstreaming | Corporate co-determination

    Exactly 70 years ago, the model of parity codetermination was introduced in Germany. On 7 June 1951, the Coal and Steel Codetermination Act came into force and ensured that female and male workers had a say in major company decisions on supervisory boards. For a long time, women were hardly represented on these boards. With the establishment of a fixed gender quota in 2015, their share in leadership positions in the companies covered by this law was increased to more than one third.

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  6. 02.06.2021 · ZEW (ssz/mph/deg)
    Research
    Coronavirus | Homeoffice | Child care | Psychology | Health

    The mental health risks of COVID-19 and the pandemic-related measures have been a constant topic of public discussion, also in the Netherlands. There, mental health – measured on a scale of 0 to 100 (100 equals perfect health) – declined sharply among employees in the first lockdown, but recovered relatively quickly to levels similar to those before the coronavirus pandemic. The largest decrease in mental health was observed in March 2020, when the first lockdown was imposed. Based on data from the Dutch LISS Panel, a study by researchers from ZEW Mannheim and the universities of Mannheim, Bonn and Tilburg investigates which factors played a particularly important role in increasing mental stress during the pandemic and to what extent these factors changed over time.

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  7. 18.05.2021 · ZEW (fhe/deg)
    Comment
    ECB | Public bond
    Friedrich Heinemann sits on a chair.

    The Federal Constitutional Court has rejected new challenges to the European Central Bank’s PSPP bond-buying programme. Referring to its ruling of May 2020, the court now considers its demand for an examination of the adequacy and proportionality of the PSPP to be fulfilled. Professor Friedrich Heinemann, research department head and public finance expert at ZEW Mannheim, comments on this matter.

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  8. 17.05.2021 · ZEW (kki/deg)
    Research
    Deposit insurance | banking sector | Bank insolvency | Insolvency
    Financial market experts are in favour of requiring deposit platforms to provide more information to consumers.

    Following the collapse of Greensill Bank, financial market experts believe there is a considerable need to regulate deposit platforms and reform banks’ deposit insurance. The majority of respondents, however, do not expect that deposit platforms will take action and keep banks with excessively risky business models off their platforms unless they are obliged to do so. Therefore, they should be required to provide more information on the associated risks to their customers, according to the experts. This is the result of a special question included in the ZEW Financial Market Survey in May 2021 among 188 financial market experts.

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  9. 17.05.2021 · ZEW (vgr/mot/sel)
    Research
    Coronavirus | Market design | Medical sciences | Vaccination
    ZEW researchers propose a flexible reimbursement system that efficiently provides and distributes funds to achieve high vaccination coverage.

    General practitioners are expected to play a key role in advancing the vaccine rollout in Germany. As the vaccination coverage of the population increases, additional efforts by physicians will be necessary to advance the vaccine rollout and ultimately achieve herd immunity. Doctors who administer COVID-19 jabs therefore need flexible and needs-based reimbursement. A recent ZEW policy brief proposes a flexible reimbursement system that efficiently provides and distributes funds to achieve high vaccination prevalence.

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  10. 17.05.2021 · ZEW (mba/sel)
    Research
    Education | School | Educational success
    [Translate to English:] Zusätzlicher Leistungsdruck in der vierten Klasse wirkt sich negativ auf das Wohlbefinden und die Lernfreude von Schüler/innen aus.

    Binding secondary school track recommendations have an impact on the achievement and well-being of pupils in primary school. If school recommendations are binding, pupil achievement in the fourth year have been found to improve. At the same time, however, pupils experience less joy of learning and their anxiety about their school performance and their futures increases. These are the results of a recent study by ZEW Mannheim and the WZB Berlin Social Science Center.

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