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• Events // 17.12.2024

  Financial Investors and Decarbonization

  decarbonization extends beyond markets to politics. In this Decarbonization Seminar, Jonas Meckling will explore how investors shape political support for and opposition to decarbonization policy.
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  News // 24.07.2024

  The German Electricity Market Needs Local Prices

  there is always sufficient transmission capacity. One reason for this market design is to avoid politically undesirable regional price inequalities – although there are already regional price differences [...] facing the electricity market, this illusion cannot be maintained for much longer. Because of the political mandate for a single national electricity price, all actors in the electricity market – electricity [...] ways. Further expansion of solar energy in southern Germany could create the same problems in the opposite direction, with excess supply in Bavaria or Baden-Württemberg. Since physics does not adjust to
• News // 12.03.2003

  ZEW President Franz on Reform Policy and New Reform Commissions

  municipal tax should be discouraged, as it ended Mrs. T’s political career. One way the federal government could overcome certain groups’ opposition towards reforms is to promise to introduce the reform on
• Projects // 01.03.2001

  Policy-Frameworks for the Development of International Markets for Innovations of a Sustainable Economy - from Pilot Markets to Lead Markets

  improved by well directed political action. Pilot markets are regional markets for new technologies, which haven't (yet) been -successful internationally - just in opposite to lead markets. By this, [...] and benefits regarding the structure of the market. However, these conditions do not consider political and societal guidelines, yet. Also the characteristics of sustainable development are not reflected [...] framework encompasses all calculable rules, strategies and context for action in a given domain of political regulation. The interdisciplinary research project aims to clarify the conditions for the development
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  Press Releases // 21.06.2022

  ZEW Economist Holger Stichnoth on the Outcome of the French Legislative Elections

  So far, the absolute majority has allowed Macron to pursue a political agenda that is predictable and that everyone can rely on. The political stalemate in France may also become a problem for Germany. Now [...] compromises. At the same time, it is at least as likely that parliamentary and extra-parliamentary opposition groups will reinforce each other and thus delay or dilute important reforms. In this case, it is
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  News // 17.11.2021

  Enabling New Dynamics

  . As opposition parties, the Greens and FDP have often pointed out where markets are inhibited and business dynamics are thwarted. Now is the time to translate these considerations into political action [...] Economist even wrote about “The mess Merkel leaves behind” and de-nounced the complacency of German politics. Climate change and digitalisation are leading to mas-sive upheavals for which Germany is not s [...] sufficiently prepared. The coming government has a lot to do in this regard. With a new composition of political forces, however, it has a unique opportunity to resolve frictions and revitalise markets to make
• Events // 20.10.2021

  Understanding the Resistance to Carbon Taxes A Case Study of Sweden

  protests against fuel taxes. Their results show that educational level, rural versus urban domicile, political orientation, and especially trust in government affect opinions on carbon taxes; household income [...] lack of belief in the Pigouvian mechanism are especially important motivations for protesters’ opposition. When asked about the use of carbon tax revenue, some respondents support revenue refunding (uniform
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  Press Releases // 09.11.2020

  Members of State Parliaments Have Faith in Debt Brake When Sitting on Government Bench

  state if they belong to a governing party. Politicians who sit on the opposition benches are much more sceptical about this. Opposition members of parliament who then take office after winning a state election [...] Mannheim, which was conducted within the framework of the Collaborative Research Center on The Political Economy of Reform funded by the German Research Foundation. - “Our study is good news with regard
• Publications // 30.10.2020

  ZEW Discussion Paper - Incumbency and Expectations of Fiscal Rule Compliance: Evidence from Surveys of German Policy Makers

  dependence of the expectations on their role in parliament (opposition vs. incumbent government coalition). In addition, we explore how opposition and incumbent politicians adjust their expectations differently [...] incumbency effect, making politicians from the governing coalition more optimistic than those from the opposition. A negative fiscal shock has little effects on the former, but a strongly negative one on the latter
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  Press Releases // 02.10.2020

  Transfers to Countries That Violate the Rule of Law Have No Economic Value

  Against strong opposition from Poland and Hungary, the German presidency of the Council of the European Union has proposed a procedure that would cut off EU funds to countries that violate the rule of [...] not uphold the high standards of the rule of law. These sanctions cannot only be justified from a political, but also from an economic standpoint. Empirical research shows that EU transfers are most likely [...] when they are allocated to countries with high-quality institutions. If judges are subject to political control in countries like Poland, or if there are only a few independent media outlets – as is the