| History of financial markets
| High-tech foundations
The US Nasdaq, or Nasdaq OMX Group since 2008, is the second largest stock exchange in the world with its headquarters in New York. As the first electronic stock exchange, it has attracted in particular innovative technology companies. Still to this day, several hundred high-tech start-ups annually go for a stock market listing on the so-called ‘technology exchange’, whilst new issuances in Germany are predominantly from traditional sectors.
ZEW Economist Dr. Katrin Sommerfeld in #ZEWPodcast
19.03.2021 · ZEW (kso/chs/deg)
| Labour Market
2015 and 2016 are etched on people’s minds as the years characterised by the so-called ‘refugee crisis’. Over a million people fled war-torn countries and ultimately sought asylum in Germany. Dr. Katrin Sommerfeld discusses in the eighth edition of the #ZEWPodcast ‘Wirtschaft · Forschung · Debatten’/‘Economy · Research · Debates’ what the successful integration of refugees into the German labour market depends on, how successful this integration has already been since 2015, and what impact the coronavirus pandemic is having on the employment of refugees.
The German Real Estate Finance Index (DIFI) by ZEW Mannheim and JLL continues its recovery in the first quarter of 2021. Despite the gain, it still remains in the red with a total of minus 14 points (plus 9.5 points compared to the previous quarter). Both the current financial situation and the financing outlook for the forthcoming six months are assessed more positively than at the end of the fiscal year 2020. According to the survey participants, the outlook is bleak for the retail sector, which is struggling due to the lockdown brought about by the coronavirus pandemic. By contrast, there is more of a positive outlook regarding the financing situation for office and hotel properties in the next six months
Opinion Piece by ZEW President Professor Achim Wambach
15.03.2021 · ZEW (awh)
‘Exponential growth’ should have been the expression of the year 2020. In the mathematics courses of coming decades, the coronavirus is sure to serve as a prime example of exponential growth. Yet the virus is not the only factor in our lives that exhibits an exponential growth function.
#ZEWBookTalk with UC Berkeley Associate Professor Gabriel Zucman
12.03.2021 · ZEW (ggr/lra)
| Tax competition
Do all Americans pay a fair amount of tax? Not at all. On the contrary, there is a huge disparity in the taxation of average workers and the taxation of the wealthy, especially the super-rich, according to UC Berkeley Associate Professor Gabriel Zucman. On 10 March 2021, the economist presented his new book ‘The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay’ virtually at ZEW Mannheim, which he wrote together with Emmanuel Saez. Zucman is also leading the newly established European Tax Observatory that has commenced its work in 2021. ZEW President Professor Achim Wambach moderated the third edition of #ZEWBookTalk.
What role does information play for policymaking in the area of climate protection? Can information have a political impact if this information reaches citizens and provides incentives for climate-friendly behaviour? Last week, representatives from the realms of academia, business, policymaking and society discussed how these questions can be approached at the national and European level within the framework of the Forum Climate Economics 8. The forum was organised as a virtual event, allowing an audience of around 250 viewers to follow the discussion and participate via chat.
First Round for the Southwest Region Kicks Off in March
25.02.2021 · ZEW (dhr/ksd/ybr)
Dates and News
What will be left of our houses, savings and pensions in times of low interest rates? What distinguishes sustainable start-up companies from other firms? How can refugees be successfully integrated into the labour market – especially in light of the pandemic? How can we get young people excited about economics? These are some of the questions that will be tackled by the student teams participating in the 2021 YES! – Young Economic Summit, Germany’s biggest school competition on economic issues. Researchers of ZEW will mentor and support the students during the competition.
Economists Discuss the Effect of Demographic Change on Household Finances and Banking
24.02.2021 · ZEW (kki/ybr)
How does demographic change affect financial markets and their actors? What are the policy implications of current research findings, and how can research evolve from this? To address these questions, ZEW Mannheim organised the first conference on “Ageing and Financial Markets” from 10 to 12 February 2021 as an online-only event with guests from all over the world.
ZEW Workshop on Economic Research Dedicated to Overcoming the Pandemic
19.02.2021 · ZEW (ssz/ybr)
| Home Office
Against the backdrop of the pandemic, ZEW Mannheim’s Research Department “Social Policy and Redistribution” organised a workshop that focused on the lessons learned from the COVID-19 crisis and how to respond to it through economic research.
Just in time for the Chinese New Year on 12 February, the Chinese Tencent Research Institute once again published its annual list of the twelve most recommended books for 2021. This time, the list includes the book “Digitaler Wohlstand für alle” (“Digital Prosperity for All”), published by Campus-Verlag and written by ZEW President Professor Achim Wambach together with Handelsblatt journalist Hans Christian Müller. At the beginning of December 2020, the Chinese translation of the book was published by Social Sciences Academic Press in China.