Economic research with policy relevance and evidence-based policy advising – this is what ZEW Mannheim stands for. For decades, the institute has delivered well-founded analyses and innovative solutions to enhance understanding of economic challenges. It has contributed for decades to creating the political foundations for a sustainable future and played an ever more important role in economic policy design. ZEW has a strong Europe-wide reputation and, through its significant research achievements, has established itself as an indispensable partner for businesses and policymakers.
History of the Institute
History of the Institute
In 1991, headed by Professor Heinz König and founding Managing Director Ernst O. Schulze, ZEW began operations with just 17 employees and five student assistants. They were initially working in the following areas: financial markets, labour markets, industrial economics, corporate taxation and environmental economics. The institute was founded at the initiative of the state government of Baden-Württemberg under the then Minister President Lothar Späth and the Baden-Württemberg business community.
Since the institute’s founding year, experts from banks, insurance companies and the finance departments of selected large companies have been surveyed monthly as part of the ZEW Financial Market Survey, in which they provide their predictions of how financial markets will develop. The results are used to generate the ZEW Indicator of Economic Sentiment as an early barometer of Germany’s economic development.
In 1992, ZEW began conducting research on a single floor of the Iduna tower block near the Mannheim Main Station. Along with the HUK building, the Iduna building was home to many ZEW researchers up until 1996. Later, ZEW relocated to its new premises in the Quadrat L 7,1, thus moving closer to the University of Mannheim.
In this year, the Federal Ministry of Research and Technology commissioned ZEW for the first time to conduct the Annual German Innovation Survey as part of the European Commission’s Community Innovation Surveys. The Mannheim Innovation Panel was developed under this assignment.
In 1993, ZEW organised its first lecture series, titled First-Hand Information on Economic Policy, in the Hall of Knights (Rittersaal) in the Mannheim Palace. Pressing economic policy issues and recent developments were and continue to be the focus of the ZEW event series, which features speakers from politics, business and economic research.
In the same year, the ZEW Sponsors’ Association for Science and Practice was founded. It enables a relationship of trust and dialogue between academia and practice. The ZEW Sponsors' Association initiates practice-oriented research projects, sponsors events, and awards endowments for outstanding scientific research conducted at ZEW.
In 1995, the foundation stone was laid for the present-day ZEW building in Mannheim.
In 1996, the researchers of ZEW moved to the new Atrium building in the Quadrat L 7,1. The relocation not only provided more space but also fostered greater collaboration within the institute. Initially, ZEW shared the building with the Mannheim Centre for European Social Research.
In 1997, Professor Wolfgang Franz assumed the scientific leadership of the institute from Professor Heinz König, who retired in April 1997.
In 1998, the Council of Science and Humanities evaluated ZEW and recommended its inclusion on the “Blue List”. This was a prerequisite for admission into the Leibniz Association, which was achieved in 2005.
In 2001, ZEW received the Initiative Prize for promoting Mannheim as a cultural and economic hub.
In 2003, following an earlier tenure from 1994 to 1998, Professor Wolfgang Franz was reappointed to the German Council of Economic Experts. He assumed its chair in 2009, serving as one of five Economic Experts until the end of 2013.
In 2004, Thomas Kohl took over as managing director of ZEW from the retiring founding director Ernst O. Schulze.
In memory of the founding president of ZEW, the Heinz König Award for outstanding scientific work, endowed with 5,000 euros, was presented for the first time in 2004. It is aimed at young researchers under the age of 35 who have achieved a demonstrable impact in their field of research and strive for widespread knowledge transfer of their results.
The same year also saw the founding of what is now the ZEW Research Unit “Digital Economy”. This unit investigates how digitalisation affects production, innovation and the world of work as well as how digital markets and platforms operate and what is the importance of the underlying digital infrastructures. In its first year, the unit organised the “Conference on the Economics of Information and Communications Technologies”, which is now a leading scientific event in the field of digital economy.
In 2005, ZEW became a member of the Leibniz Association, one of Germany’s four major non-university research organisations. A recommendation by the German Council of Science and Humanities in 1999 was a prerequisite for admission.
The ZEW Research Group “Growth and Business Cycles” began its work, focusing on the development of national economies and the accuracy of economic forecasts.
In 2008, Chancellor Dr. Angela Merkel visited ZEW to give a talk as part of the „First-Hand Information on Economic Policy” lecture series. Speaking before approximately 570 guests, she addressed current economic and financial policy issues and outlined key elements of the stimulus package planned for 2009.
In 2009, the institute was successfully evaluated for the first time by the Leibniz Association. On the basis of the excellent evaluation results, the Senate of the Leibniz Association recommended to the federal and state governments that ZEW should continue to be funded as an institution of supra-regional importance and national scientific policy interest.
In 2010, the international research programme “Strengthening Efficiency and Competitiveness in the European Knowledge Economies” (SEEK) , funded by the state of Baden-Württemberg, started at ZEW. Under SEEK, researchers analysed the most pressing questions of European economic policy in an application-oriented manner. After more than ten years, the research programme ended in March 2021.
In 2012, the ZEW Research Data Centre (ZEW-FDZ) was accredited by the German Data Forum (RatSWD). The ZEW-FDZ offers external researchers access to various microdata for scientific use. The data comes from ZEW surveys such as the Mannheim Innovation Panel (MIP) or the ZEW ICT Survey.
In the same year, the Leibniz ScienceCampus Mannheim Centre for Competition and Innovation (MaCCI) was founded, where ZEW and the School of Law and Economics of the University of Mannheim work together on scientific projects focused on competition, regulation and innovation.
Also in this year, the ZEW Research Group “Competition and Regulation” commenced its work, investigating economic issues in the field of competition and regulation. A particular focus was on network industries, such as the gas and electricity sectors or rail and air transport.
In 2013, Professor Clemens Fuest became the new president of ZEW. He succeeded retiring Professor Wolfgang Franz.
In 2014, the Leibniz ScienceCampus “Mannheim Taxation”, a joint project of ZEW and the University of Mannheim, was launched. Its central theme is the shaping of future tax policy against the backdrop of European integration and in the light of economic challenges such as digitalisation and globalisation.
With the ZEW Lunch Debates, the institute established a discussion series at the Representation of the State of Baden-Württemberg in Brussels. ZEW researchers present their findings and discuss them with representatives from politics and academia. The target audience is stakeholders from European institutions, businesses and the media.
The current ZEW Research Group “Inequality and Public Policy” commenced its work. The group analyses the distributional effects of social policies.
In 2016, ZEW received an outstanding rating as part of the regular external evaluation required of all institutes in the Leibniz Association at least once every seven years. On the basis of this result, the Senate of the Leibniz Association made the decision to recommend further federal and state funding for the institute for the following seven years.
In 2016, Professor Achim Wambach became president of ZEW. He succeeded Professor Clemens Fuest, who moved to the ifo Institute in Munich.
Shortly before this, Achim Wambach took over the chairmanship of the Monopolies Commission, of which he had been a member since 2014, for a period of four years. As an independent body, the Commission advises the German government, legislative bodies and the public on competition policy, competition law and regulation.
In the same year, ZEW purchased its own building in the Quadrat L 7,1 in Mannheim.
In 2017, Professor Achim Wambach took over the position as Chairman of the Verein für Socialpolitik (VfS), one of the largest German-speaking associations of economists, for two years.
ZEW was involved for the first time as a scientific partner in “YES! – Young Economic Solutions” (formerly Young Economic Summit), a Germany-wide school competition focusing on economic and social challenges. The competition is under the patronage of the Federal Ministry for Economic Affairs and Climate Action. The mentored school teams regularly achieve top positions in the competition.
In 2018, ZEW established the Research Group “Market Design”, which is dedicated to the analysis and optimisation of markets. Following an evaluation of the project establishing this area of study, the German Council of Science and Humanities recommends permanent funding for the research field.
In 2019, Professor Irene Bertschek, head of the ZEW Research Unit “Digital Economy” was appointed as a new member of the Commission of Experts for Research and Innovation (EFI). EFI’s task is to provide scientific policy advice to the federal government on issues in the fields of education, research and innovation.
In cooperation with the University of Mannheim, ZEW set up a structured PhD training programme, thereby further strengthening scientific exchange. Doctoral training either takes place in the University of Mannheim’s Center for Doctoral Studies in Economics (CDSE) or in its Center for Doctoral Studies in Business (CDSB).
In 2020, ZEW economist Professor Sebastian Siegloch received a starting grant from the European Research Council (ERC).
In 2021, the Research Group “Health Care Markets and Health Policy” began its work, focusing on the analysis of health care markets and the evaluation of health care policy measures.
In 2022, in a joint initiative by ZEW and the University of Mannheim, Professor Tabea Bucher-Koenen and Professor Carmela Aprea founded the Mannheim Institute for Financial Education (MIFE), which is dedicated to the in-depth study of financial education issues.
In the same year, Professor Irene Bertschek, head of the Research Unit “Digital Economy”, was appointed as a member of the German Chancellor’s newly established Future Council.
In 2023, ZEW once again passed the Leibniz Association's evaluation procedure with an excellent rating.
In 2024, Managing Director Thomas Kohl retired. Claudia von Schuttenbach took up the position as his successor. Thomas Kohl had joined ZEW in 1992 and had been its managing director for 20 years.
In October 2024, ZEW President Professor Achim Wambach was appointed to the German Ethics Council. The Council addresses the questions of ethics, society, science, medicine and law, and the consequences of research and development for the individual and society.
In 2025, ZEW researchers analysed, in cooperation with the daily newspaper Süddeutsche Zeitung, the financial impacts that the parties’ programmes for the federal election would have on household finance. The study met with great response by media outlets and policymakers.
Professor Irene Bertschek assumed the chair of the Commission of Experts for Research and Innovation (EFI) of the German government. She has been a member of the commission since 2019.
As part of the “First-Hand Information on Economic Policy” event series, ZEW was welcoming no fewer than two Nobel laureates in economics to Mannheim. Professor Joshua Angrist (MIT) explored during a talk whether attending elite educational institutions leads to greater economic success. Professor Paul Milgrom (Stanford University) shed light on market mechanisms in online advertising and the role of market design.
At the end of the year, Professor Tabea Bucher-Koenen, head of ZEW’s Research Unit “Pensions and Sustainable Financial Markets”, was appointed to the German federal government’s Pensions Commission. The commission was tasked with developing proposals for a future-proof and intergenerationally fair pension system.
In 2026, Professor Hanna Hottenrott, head of the ZEW Research Unit “Economics of Innovation and Industrial Dynamics”, was appointed as a member of the Scientific Commission of the German Science and Humanities Council. The body advises the federal and state governments on key issues relating to science and research as well as to higher education development.
In the same year, the ZEW Co-Design cooperation platform for evidence-based collaboration between academia and practice was launched. It systematically links excellent economic research with specific issues raised by businesses, institutions and the public sector, developing solutions relevant to economic policy on this basis.
Also in 2026, MatchingTools GmbH was founded as a spin-off from ZEW. The start-up develops solutions for a more efficient, transparent and fair allocation of places that reduce the workload of administrations. The first product on offer is the software solution KitaMatch, designed for the allocation of daycare places.
The Karlsruhe Institute of Technology (KIT) bestowed an honorary doctorate on ZEW President Professor Achim Wambach, PhD to honour his outstanding scientific contributions to market design and competition policy.
ZEW is celebrating its 35th anniversary with many in-house activities throughout the year and a ceremony in November.
Current and Past ZEW Presidents
Achim Wambach // since 2016
Achim Wambach
ZEW President since 2016Professor h. c. Achim Wambach, PhD has been the president of ZEW since April 2016 and is professor of economics at the University of Mannheim. He initiated the establishment of the Research Unit “Market Design” as well as the Research Group “Health Care Markets and Health Policy” at ZEW. He also launched the joint doctoral programme with the University of Mannheim. He was a member of the Monopolies Commission from 2014 to June 2022 and served as its chair from 2016 to September 2020. He was chairman of the Verein für Socialpolitik (German Economic Association) for the 2017/2018 term of office. He is also a member of the Academic Advisory Board of the Federal Ministry for Economic Affairs and Energy, which he chaired from 2012 to 2015. In 2024, Achim Wambach was appointed to the German Ethics Council.
Clemens Fuest // 2013-2016
Clemens Fuest
ZEW President from 2013 to 2016Professor Clemens Fuest was President of ZEW from 2013 to 2016. During his tenure, he established the current ZEW Research Group “Inequality and Public Policy” as well as the Leibniz ScienceCampus “MannheimTaxation”. In addition, the international research programme “Strengthening Efficiency and Competitiveness in the European Knowledge Economies” (SEEK) at ZEW was successfully extended under his presidency. Since 2003, he has also been a member of the Scientific Advisory Board at the Federal Ministry of Finance.
Wolfgang Franz // 1997-2013
Wolfgang Franz
ZEW President from 1997 to 2013Professor Wolfgang Franz, PhD served as President of ZEW from 1997 until 1997. He aligned the institute’s research agenda more closely with the pan-European context and intensified academic exchange with international research institutions. This, among other things, was reflected in ZEW’s involvement in the international research programme “Strengthening Efficiency and Competitiveness in the European Knowledge Economies” (SEEK). During his presidency, the Leibniz Association included ZEW in its federal and state funding programme due to the high scientific quality of the institute’s research. Wolfgang Franz also initiated the current Research Unit “Digital Economy”. Until 2013, he was chairman of the German Council of Economic Experts. In recognition of his outstanding commitment to ZEW, the Minister President of Baden-Württemberg, Winfried Kretschmann, awarded him the Order of Merit of the Federal Republic of Germany (Cross of Merit 1st Class), at his farewell from ZEW.
Heinz König // 1991-1997
Heinz König
ZEW President from 1991 to 1997Professor Heinz König is the scientific founding father of ZEW Mannheim. As one of Germany’s leading economists, he was instrumental in establishing the research institute and helped ZEW to its current position in the international research landscape. He launched the ZEW event series “First-Hand Information on Economic Policy”, which continues to this day and features speakers from politics, business and academia. In addition, together with 14 companies from the Rhine-Neckar metropolitan region, König was a driving force behind the founding of the ZEW Sponsors’ Association.
Current and Past ZEW Managing Directors
Claudia von Schuttenbach // seit 2024
Claudia Schuttenbach
Managing Director since 2024Before joining ZEW, Claudia von Schuttenbach was chancellor of Hochschule Mannheim – University of Applied Sciences, specialising in finance, human resources, legal affairs and construction. She collaborated closely with various academic institutions and authorities and actively participated in statewide working groups addressing leadership topics, bureaucracy reduction, and digitalisation of administration.
Thomas Kohl // 2004-2024
Thomas Kohl
Managing Director from 2004 to 2024Thomas Kohl came to ZEW in 1992. Initially as head of Human Resources, he later took over responsibility for the “General Services” Unit. In 2004, he became the managing director of ZEW. Thomas Kohl has been a member of various national and international working groups, advisory boards and committees, and a visiting professor at two Chinese universities. He initiated and is one of the four founding directors of the Leibniz ScienceCampi “Mannheim Centre for Competition and Innovation” and “MannheimTaxation”.
Ernst O. Schulze // 1991-2004
Ernst O. Schulze
Managing Director from 1991 to 2004Ernst O. Schulze joined ZEW at the end of 1990 and, as one of the two founding directors, played a key role in supporting and shaping the institute’s start-up phase. As a science manager, his expertise, experience and contacts in the fields of research and science played a decisive role in the successful development and expansion of ZEW. He was particularly instrumental in introducing modern management tools and techniques appropriate to the scientific field, such as a flexible financial statute and computerised planning and control instruments.