A high-level delegation from the "Development Research Center of the State Council, P.R. China" (DRC) and the "Human Resources Study and Training Center" including representatives from several Chinese provinces and cities visited ZEW on June 11, 2012.
Like a deus ex machina, growth has mutated into the great hope of 2012. Inspired by the election promises of the new French president, increasing support is being garnered by voices of opposition to German-led austerity who would put an end to ostensibly destructive belt-tightening and return us to the easy days of larger deficits. In this connection, past experience and insights concerning effective growth policies are being largely ignored – and not just at the EU level, where misinformation abounds, from the unsuccessful Lisbon Strategy of 2000 to more recent discussions concerning ‘project bonds’ that would be granted by the European Investment Bank. One cause for consternation is the frequent confusion between business cycles and growth.
The chaotic situation following the most recent parliamentary elections in Greece make the country’s departure from the eurozone appear more likely. In this interview, ZEW's President Wolfgang Franz shares his views on the future of the euro.
Within the ZEW research programme "Strengthening Efficiency and Competitiveness in the European Knowledge Economies“ (SEEK), the state of Baden-Württemberg is funding international cooperation between researchers of all economic disciplines. Therefore, the Centre for European Economic Research (ZEW) welcomes the submission of project proposals. The deadline for project proposals is January 30, 2012. Projects must be carried out in close cooperation between ZEW researchers and international project partners. For each project, the budget requested may be up to 200,000 euros for a duration of 12 to 18 months.
The third competition round of the SEEK research programme was successfully concluded with the approval of seven research projects. The research teams of the projects, which will be funded under the programme, will now start their work. Altogether, 23 project proposals were developed by ZEW employees in cooperation with internationally renowned researchers. The proposals were evaluated by the scientific board of the SEEK research programme which consists of international researchers.
At the beginning of December 2010, ZEW organised a two-day workshop on recent developments in behavioural microsimulation. Thirty-five researchers from Germany and abroad took the opportunity to discuss recent developments in this field.
On May 10-11, 2012, the Leibniz ScienceCampus "Mannheim Centre for Competition and Innovation" (MaCCI) hosted the 6th.workshop of the Competition Law and Economics European Network (CLEEN). Approximately 40 researchers from all over Europe met in Mannheim to attend 20 presentations.
From May 8-12, 2012, Prof. Richard Deaves, PhD, was visiting researcher at the ZEW Research Department "International Finance and Financial Management". Richard Deaves is Professor of Finance and Business Economics at the Michael G. DeGroote School of Business, McMaster University, in Ontario. His research activities focus on the areas of behavioural finance and expectation formation. During his stay at ZEW, he was working with ZEW researchers on a working paper on the predictability of risk premiums on the German stock market.
According to a famous German proverb, "A horrible end is better than horror without end". However, with regard to the insolvency of Schlecker, Europe's largest drugstore chain, this proverb is misleading, for there was a clear alternative: An end without horror, as opposed to horror without end.