1. 16.01.2012 (ybr)

    The study "International Diversification Benefits with Foreign Exchange Investment Styles" developed at the Centre for European Economic Research (ZEW) has received the BlackRock Research Award 2011 awarded by the Institute of Global Finance (IGF) at the University of New South Wales. The authors of the paper, Tim-Alexander Kroencke, Prof. Dr. Felix Schindler and Dr. Andreas Schrimpf, received the award during the 24th Australasian Finance and Banking Conference in Sydney. Their awarded paper critically deals with the diversification options presented to investors by adding currency strategies in an international mixed-asset portfolio. The research findings show that especially the application of carry trade strategies, but also of momentum and value strategies holds great diversification potentials for currencies that are statistically as well as economically highly significant. Taking investment restrictions and transaction costs as well as out-of-sample analyses into account, the findings proof to be solid.

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  2. 13.01.2012 (ybr)

    From January 16 to March 15, 2012, Enrica De Cian, PhD, is visiting researcher in the ZEW Research Department "Environmental and Resource Economics, Environmental Management". She works as researcher at Fondazione Eni Enrico Mattei (FEEM) in Venice. She received her PhD from Ca' Foscari University of Venice, where she lectures, too. Her main research interests include energy-climate modelling, technical change, climate change adaptation, and climate coalition formation. During her stay at ZEW she will be mainly involved in the SEEK project "Diffusion of Climate-Friendly Technologies – The Role of Intellectual Property Rights, Human Capital and Environmental Policy".

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  3. 13.01.2012 · ZEW (ybr)
    ZEW | Award | Labour Market

    Dr. Jens Mohrenweiser was honoured by the Erich Gutenberg Society in Cologne with the young researcher award for his doctoral thesis "The Causes and Consequences of Apprenticeship Training - An Economic and Econometric Analysis". The prize was awarded by Chairman Prof. Dr. Ralf Gössinger during the annual meeting of the Erich Gutenberg Society in Cologne on November 27, 2011. In his thesis, Dr. Mohrenweiser investigates the motivation of companies to train apprentices and the consequences on interventions in the areas of human resources and labour market policy. After obtaining his doctoral degree (doctoral advisor: Prof. Dr. Uschi Backes-Gellner) at the University of Zurich, Switzerland, he joined the ZEW Research Department "Labour Markets, Human Resources and Social Policy".

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  4. 19.12.2011 (ybr)
    Guests at ZEW
    Visiting Researcher

    From December 12-15, 2011, a group of researchers from Sophia University and the National Institute of Advanced Industrial Science and Technology (Tokyo, Japan) were visiting the ZEW research department "Environmental and Resource Economics, Environmental Management". Toshi H. Arimura (Sophia University), Shiro Takeda (Kantogakuen University/Sophia University), Hakaru Iguchi (Sophia University) and Masato Yamazaki (National Institute of Advanced Industrial Science and Technology) are experienced researchers in the fields of CGE modelling, the economic analysis of carbon markets, and other environmental policies. On December 13, 2011, together with ZEW researchers, they presented their current work at the in-house "Sophia ZEW Workshop on Energy and Climate Policy". Therefore the workshop offered a unique opportunity to exchange ideas and discuss about energy policy modelling and the empirical study of environmental regulation from different international perspectives.

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  5. 16.12.2011 · ZEW (ybr)
    Questions & Answers
    Credit rating

    Rating agencies are considered to be partially responsible for the financial crisis, as they awarded excessively positive ratings to highly speculative securities for too long. More recently, rating agencies have come under fire for their role in the European debt crisis, since debt rating downgrades issued by rating agencies have placed various countries under additional strain. The EU Commission recently presented its recommendations for the reform of rating agency regulation. In this Q&A session, Prof. Dr. Michael Schröder evaluates the proposed regulatory changes.

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  6. 13.12.2011 · ZEW ()

    It is much more popular to decry the sins of the embattled countries on the eurozone's periphery than to praise their efforts to return to the narrow path of fiscal virtue. Yet these efforts have been considerable, as shown by calculations released in the most recent Annual Report of the German Council of Economic Experts.

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  7. 05.12.2011 · ZEW (ybr)
    Public Events
    Eurozone | Public Debt | Currency crisis | Economic Growth
    Wolfgang Franz

    During the series of lectures "First-Hand Information on Current Economic Policy" ("Wirtschaftspolitik aus erster Hand"), ZEW President Prof. Dr. Dr. h.c. mult. Wolfgang Franz presented the Annual Economic Report 2011/12 of the German Council of Economic Experts. Against the background of the debt and euro crisis, the presentations were very well received. The report was presented at the Baden-Wuerttemberg federal state offices in Berlin and Brussels, at the BW-Bank in Stuttgart and at the energy supply company EnBW's headquarter in Karlsruhe.

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  8. 01.12.2011 · ZEW (ybr)
    Information Economy
    ICT | EU Commission
    Group picture

    On October 23 -24 2011, the Centre for European Economic Research ZEW held the third ICTNET workshop in Mannheim. The workshop, which was organised in cooperation with the OECD, addressed first and foremost issues related to ICT-driven innovation, productivity, and growth. ICTNET, which is a network financed by the EU Commission's Directorate-General for Information Society and Media under the 7th Framework Programme for Research, aims to promote academic exchange among economists – particularly those in Europe – who work in the area of Information and Communications Technologies. In addition, the network seeks to strengthen the political relevance of ICT research. Topically, the network focuses on four fields of ICT research: ICT-driven productivity and growth; R&D and intangible goods; ICT-based innovation; and the diffusion of ICT. The OECD is responsible for the overall coordination of the network. Alongside ZEW, additional coordinating partners in the network are the Imperial College London and the University of Parma.

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  9. 28.11.2011 (ybr)
    Labour Market | Award | ZEW

    Dr. Susanne Steffes received the Constantin-von-Dietze Award from the University of Freiburg for her doctoral thesis "Employment Dynamics and Heterogeneous Labor Markets: An Analysis with Linked Employer-Employee and Company Data" which was completed in 2010. At the solemn opening of the academic year on 26 October 2011, principal Prof. Dr. Dr. h.c. Hans-Jochen Schiewer and the donor of the award, Dr. Thomas Schäuble, CEO of the state-run brewery Rothaus AG, presented the award. In her work, Susanne Steffes investigated on the basis of new data, how flexible the German labour market had been between 1996 and 2005. Susanne Steffes is a researcher at the ZEW Research Department "Labour Markets, Human Resources and Social Policy".

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  10. 24.11.2011 (ybr)
    Dates and News

    From December 7-9, 2011, Alicia Robb, PhD, is a visiting researcher in the ZEW Research Department "Industrial Economics and International Management". She is a Senior Research Fellow at the Kauffman Foundation and at the University of California. Alicia Robb is responsible for the Kauffman Firm Survey, an annual survey among start-ups in the USA. Her research focuses on start-ups and the financing of new business foundations. During her stay at ZEW she will be working together with ZEW researchers on the differences between German and US start-ups.

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