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Searched for Systemic risk.
Found 249 results.
Displaying results 1 to 10 of 249.
Found 249 results.
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Press Releases // 10.12.2024chatbots as digital assistants. However, the ever-increasing performance of generative AI is comes with risks, such as fake images or other fake news which are deliberately spread in disinformation campaigns [...] revenue from capability improvements. But they don’t bear the costs associated with the societal risks posed by generative AI,” says Dr. Dominik Rehse, head of ZEW’s junior research group “Digital Market [...] to create explicit incentives for the development of safe generative AI. After all, safety of AI systems is an innovation desired by society, but so far, it has not been sufficiently provided by individual
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News // 15.11.2024success!” says ZEW President Achim Wambach. One of Reif's current topics is a proposal to reform the risk adjustment scheme, which aims to ensure sustainable funding of statutory health insurance. “The approach [...] in the health of their members. That has to change.” Reif recommends a more long-term approach to risk adjustment, which would distribute contributions fairly between health insurances and promote targeted [...] focuses on the provision of health care services, in particular the market structure, remuneration systems and digitalisation in the health care sector. We congratulate Simon Reif on receiving the “Capital
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News // 21.10.2024funding. In Germany, we have many institutes with a transfer mandate that are publicly funded. This system works because we don’t have to worry that a change of government will cut our funding if we don’t [...] we’re seeing more think tanks of this kind emerging, though they often come with an agenda. Both systems have evolved historically, and ours has proven to be quite stable. However, we must remain conscious [...] single company and has many corporate sponsors, along with compliance rules. So far, Germany’s current system has served us well, however. Why is such extensive and increasing policy advisory work even necessary
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Press Releases // 14.10.2024expensive health care system for years, but it lags behind other Western countries in quality indicators such as life expectancy. One reason for this is that the health care system focuses on short-term [...] innovative treatments. However, in order to ensure the long-term sustainability of the healthcare system, cost increases must be curbed systematically. Although short-term initiatives such as reducing VAT [...] services may become inevitable. In many countries, including Germany, the affordability of health care systems suffers from the fact that innovations in treatment are often very expensive but do little to improve
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Publications // 14.10.2024
and quantity-based regulations, like emission trading systems, have distinct effects on the (co-)variance of power plant profits. If investors are risk-averse, these differences lead to divergent investment [...] investment portfolios, breaking the equivalence of price- and quantity-based policy instruments under risk-neutrality. Using the European power sector as a case study, we calibrate an electricity market model [...] about the stringency of carbon taxes leads to lower shares of fossil fuel assets with increasing risk aversion.
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Press Releases // 10.09.2024contributions, high labour costs, weak work incentives in welfare systems and heavy labour market regulation. The need to adapt social security systems to the ageing of the population is not even mentioned. While [...] finances have an unfair advantage in the single market, distorting it. However, he barely addresses the risks posed by unsustainable public debt in highly indebted countries. This represents a problematic reversal [...] create a European “safe asset”. However, it overlooks the fact that EU bonds trade at a significant risk premium compared to top-tier national issuers such as Germany or the Netherlands. This suggests that
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Press Releases // 08.08.2024invest more in transformational projects. Against this background, a better integration of the banking system and capital markets in Europe is crucial. The mobilisation of private financial resources, for example [...] authors emphasise that while securitization is important for better linking the European banking system to the capital markets, this alone cannot drive the green transition. Policymakers should therefore [...] opportunity to directly finance green projects. This is particularly interesting in terms of climate risk management and climate reporting. However, it is questionable whether banks will want to securitize
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News // 24.07.2024reflected in the price. Since batteries, electric vehicles and power-to-heat systems then threaten to overload the grid, there is a risk that they will be tightly regulated or completely curtailed – even though [...] electricity pricing could resolve these issues and create a more efficient and sustainable energy system. This guest article is by Achim Wambach, Lion Hirth (Hertie School and Neon), Axel Ockenfels (University [...] producing. One problem is that many installations, such as batteries, electric vehicles or small solar systems, are out of reach of grid operators. They continue to behave in line with the uniform exchange price
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News // 25.06.2024
and social contributions. Highly skilled immigrants are less interested in a well-developed welfare system. They don’t expect to become unemployed. But the burden of taxes and contributions does matter. Currently [...] taxes, that is obviously a factor. HB: What geopolitical issues concern you the most? The list of risks is long: Further escalation in Ukraine and the Middle East, and rising geopolitical tensions with
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Publications // 19.06.2024
of incentives and institutions to write such evaluations, on the other hand, carry the risk of turning the system into a costly beauty contest. We study one of the most advanced markets of policy evaluations [...] These factors contribute to making the findings of the evaluations overly optimistic (beautiful) risking their overall usefulness (evidence-based policy). We conclude by discussing reform options to make