News

The German Real Estate Finance Index (DIFI) by ZEW Mannheim and JLL continues its upward trend. In the third quarter of 2021, it increases for the fifth time in a row and stands at 5.6 points (up 8.9 points compared to the previous quarter). This is the first time since the fourth quarter of 2017 that the index has moved above the zero mark.

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As the coronavirus pandemic continues to slow sown global markets, China’s economy is booming like the crisis never happened. More importantly, China is making massive investments in innovation in a bid to become the global leader in technology.

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ZEW Junior Research Associate Dr. Maximilian Todtenhaupt has accepted a W3 professorship in economics with a focus on public finance at Leibniz University Hannover, where he will start on 1 September 2022. Until 2018, he was a researcher in the “Corporate Taxation and Public Finance” Department at ZEW Mannheim and obtained his PhD from the University of Mannheim.

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How is creative destruction connected to innovation? Can competition policy stimulate industrial dynamics? How to solve Europe’s ‘unicorn problem’? On 14 September 2021, ZEW President Professor Achim Wambach and Professor Philippe Aghion, Collège de France INSEAD and London School of Economics, have discussed these questions. The French economist also presented his book “The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations” at the seventh #ZEWBookTalk.

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The school team of the Albert-Einstein-Gymnasium from Frankenthal has secured its place in the national final of the school competition YES! – Young Economic Summit in September 2021. The team convinced the organisers with their idea and received the wildcard for the best scientific approach. Katia Gallegos Torres and Paul Berbée from the ZEW Research Department “Labour Markets and Human Resources” are mentoring and supporting the school team in the competition.

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For years, a decline in productivity growth and a slowdown in industrial dynamics have been clearly visible in almost all sectors in Germany. Policymakers fear that this will have long-term effects on economic growth and employment. What is needed are significantly stronger business and productivity dynamics. But how can this be achieved? Especially companies in the low-tech sector are important drivers of productivity growth. So far, however, they have not been given enough attention by policymakers, as a recent study by ZEW Mannheim on behalf of the Bertelsmann Stiftung shows.

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The rapid expansion of renewables has created new challenges for security of supply. Long-term forward contracts could help to address them.

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Economic experts expect consumer prices to continue to rise, but still consider this to be only a short-term phenomenon. Moreover, they are confident that the German economy has now embarked on a fairly stable growth path. This is the result of the business cycle tableaus by ZEW Mannheim and the German daily newspaper, Börsen-Zeitung.

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Germany will elect a new federal government on 26 September. Parties’ election campaigns are in full swing. As always, money is a crucial factor to win votes. In their election programmes, parties propose ideas to restructure taxes and the social security system. In the #ZEWPodcast, Professor Sebastian Siegloch, head of the ZEW Research Department “Social Policy and Redistribution”, explains how these reform proposals are reflected in citizens’ account balances.

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Dr. Barbara Stage has been appointed assistant professor of financial accounting and business taxation at WHU – Otto Beisheim School of Management as of 1 August 2021. Previously, she was a researcher in the “Corporate Taxation and Public Finance” Research Department at ZEW Mannheim and completed her PhD under the supervision of Professor Christoph Spengel at the University of Mannheim.

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