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Searched for Economic crisis.
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  • News // 13.12.2024

    quiet year: German car makers were facing a serious sales crisis, after Donald Trump’s election as US President all signs pointed to economic protectionism and all the while, the German government coalition

  • Publications // 20.11.2024

    over time; after accounting for composition, integration outcomes show no systematic trend. Still, economic conditions do matter, and employment collapsed in some cohorts after structural shocks hit the German [...] early 1990s. Lastly, we examine the integration of recent arrivals during the European refugee ‘crisis’ and the Russo-Ukrainian war.

  • News // 21.10.2024

    invitations from US universities to give lectures. But I was also interested in understanding how economic policy advising works in the US. We at ZEW Mannheim are very active in policy advising ourselves [...] difference made me curious. Which institutions did you visit? The Peterson Institute for International Economics, or just “Peterson”, is a leading think tank in policy advisory work, so visiting them was a must [...] international organisations. For example, I visited the Federal Trade Commission and the Council of Economic Advisers, which advises the US President. I also met with colleagues at the International Monetary

  • Publications // 28.10.2024

    Whether firms founded during or outside economic crises have greater growth potential is an important question for both prospective entrepreneurs and policy makers. Existing research offers conflicting [...] extensive linked employer-employee data on young German firms around and during the Global Financial Crisis, a period of sharply reduced access to external capital and recession, we show that young firms respond [...] that the average new firm found it easier to hire its first employees when it was founded during the crisis. These firms achieved countercyclical growth by hiring career entrants. More specifically, hiring

  • News // 25.09.2024

    supply in times of crisis, for example for medicines and raw materials, also requires active government intervention. While securing supply chains is also in the individual economic interest of companies [...] companies, the wider economic damage caused by disrupted supply chains is not fully taken into account. This raises the question of how to deal with subsidies from third countries. These may distort competition [...] therefore beneficial. For example, the Scientific Advisory Board of the German Federal Ministry of Economic Affairs recommends that the transition of basic industries to climate neutrality should be promoted

  • Portraitbild von Prof. Dr. Friedrich Heinemann sitzend auf einem hellblauen Sofa
    Press Releases // 08.07.2024

    However, France is considered a clear case of ‘too big to fail’. A French debt crisis would trigger a global financial crisis and could destroy the euro. So even a left-populist fiscal policy in Paris can [...] event. However, the French election result represents a looming departure from France’s previous economic and European policy of fiscal responsibility. The expected further deterioration of French public

  • News // 25.06.2024

    policymakers and companies have aimed to retain employees even during crises. That makes sense – in a crisis. But Germany is undergoing structural change, and we will see more job changes. This will particularly [...] happens much more through the creation of new companies. HB: The German Chancellor says that a green economic miracle lies ahead of us. Is that realistic? That wouldn’t be my choice of words. It depends on [...] industry associations. I wouldn’t jump to conclusions. The government has launched a process aiming for economic policy reforms. That is a good start. I regularly speak with representatives from the Federal C

  • Junge Frau sitzt auf einer Mole und hat die Füße im Wasser
    Press Releases // 10.06.2024

    inflation has since noticeably fallen. In view of the current economic situation, this is not necessarily good news, though: If agreements from pre-crisis times with long contract durations, such as collective [...] and their effects on the labour market were examined. - “Collective agreements also apply if the economic situation deteriorates drastically and companies are no longer able to fulfil the conditions. If [...] to be laid off. In this way, negotiated wages in collective labour agreements can even exacerbate economic shocks. Therefore, our study confirms the usefulness of measures such as short-time work,” emphasises

  • News // 27.05.2024

    The economic expectations for 2024 are unfavourable: in its annual economic report, the German government predicts economic growth of just 0.2 per cent; the latest joint forecast by German economic research [...] factors. - Debating location instead of economic cycle Although the ZEW Indicator of Economic Sentiment, which reflects the assessment of financial market experts on economic development, rose for the eighth [...] per cent. Against this backdrop, however, it would be misguided to remain mired in a debate about economic development. The drop in inflation and the ECB’s expected interest rate cuts will stimulate consumption

  • Publications // 12.02.2024

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