European Integration and EU Policy
| Single European market
Throughout Europe, the coronavirus crisis has had severe economic consequences, although they differ in type and scope between countries and regions. The EU Commission has responded to the crisis with an array of policy instruments. As the contours of a general strategy have begun to take shape, the Commission is in the process of planning an EU-wide recovery fund.
The ongoing coronavirus crisis is now also reflected in the German Real Estate Finance Index (DIFI) of ZEW and JLL. In the second quarter of 2020, the sentiment indicator fell by 37.8 points to a current level of minus 56.7 points, with both the assessment of the current financing situation and the financing expectations for the coming six months having declined significantly. The variety of economic consequences and the uncertain impact of national and European economic stimulus packages have pushed the index to its lowest level since the survey began in 2011.
Interview with ZEW Economist Professor Irene Bertschek
23.06.2020 · ZEW (ibe/sel)
Questions & Answers
| Crisis management
| Economic crisis
The coronavirus has hit the world economy hard, with the lockdown having paralysed public life for weeks in many countries. But even with the lockdown easing up, hygiene and distance regulations still make it difficult to work together, shop, and use business services.
While the citizens of Baden-Württemberg continue to deal with the coronavirus pandemic, the state as a business hub must grapple with the economic challenges posed by it. Many employees are still working in short-time work schemes, and solo self-employed workers fear that they go out of business. Supply chains have been disrupted, while the automotive industry and its suppliers are suffering from a collapse in both domestic and export demand. For ZEW Mannheim’s online event focussing on Baden-Württemberg’s path towards economic recovery from the coronavirus, Baden-Württemberg Minister of Economic Affairs Dr. Nicole Hoffmeister-Kraut and ZEW President Professor Achim Wambach discussed which economic policy measures the state could adopt in order to overcome the crisis. This is the third time the series “First-Hand Information on Economic Policy”, moderated by journalist Elif Şenel, was held in digital format for #ZEWlive.
ZEW Mourns the Death of a ZEW Sponsors’ Association Founding Member
12.06.2020 · ZEW (kko/ybr)
ZEW Sponsors' Association for Science and Practice
ZEW Mannheim mourns the death of Rolf Kentner, who passed away on 20 May 2020 at the age of 73. The former director of the Baden-Württembergische Bank in Mannheim was a close associate of ZEW for many years. Managing Director Thomas Kohl praises Rolf Kentner as a “valued friend and supporter, always ready to lend his knowledge and creative power to ZEW research.”
ZEW’s Research Department “Labour Markets and Human Resources” recently created a new Junior Research Group, “The Integration of Migrants and Attitudes Towards the Welfare State (IMES)”. Its stated goal is to better understand the effects of immigration on the host country and the integration of migrants into the labour market.
Opinion Piece by ZEW President Professor Achim Wambach
27.05.2020 · ZEW ()
| EU Commission
Margrethe Vestager, Executive Vice-President of the EU Commission, has expressed concern about the “big differences” in state aid granted by the Member States in connection with the coronavirus pandemic. In particular, she fears that Germany’s aid programmes are giving its companies an advantage over those in countries whose governments cannot afford similar levels of support.
The coronavirus crisis and its severe consequences for the economy are currently still the most important problem to tackle. Measures to combat the pandemic have top priority in political decisions. Climate experts are right to point out, however, that the threat of global warming has lost none of its urgency. ZEW took this as an opportunity to discuss the coronavirus, climate protection and the resulting challenges for the transformation of transport systems in the third edition of the newly established digital format, #ZEWlive. The event, entitled “Mannheim’s Transition to New Forms of Mobility”, took place as part of the ZEW series “First-Hand Information on Economic Policy”.
2020 ZEW Public Finance Conference: Coronavirus Edition
22.05.2020 · ZEW (jno/ybr)
| Corporate taxation
This year’s ZEW Public Finance Conference discussed the progress made in local public economics, leading the way in the digital sphere – the public finance conference that took place online on 8 May 2020 was one of the first large economic conferences held during the coronavirus pandemic. Around 120 international researchers from different time zones came together in this virtual space to discuss the topic “Advances in Local Public Economics” as well as issues at the interface of public finance and political economy.
The coronavirus crisis has not only severely affected many European countries, but is also putting European cohesion to the test. While the Member States and institutions such as the European Parliament and the European Commission are largely united on the need for a European response to the crisis, there is still disagreement on how the aid measures should be implemented. Who will provide the financial means? Should their allocation be linked to reform conditions? And what will happen after the crisis?