Fighting climate change is an enormous challenge. To avert potentially catastrophic global warming the EU intends to become climate neutral by 2050. Among other measures, carbon pricing is anticipated to play a key role. In this interview, Professor Sebastian Rausch explains how greenhouse gas emissions can be reduced in market economies.
Public debt levels have skyrocketed as a result of the COVID-19 crisis. In order to bridge the massive financing gaps in public budgets, policymakers are shifting their focus of attention on corporate taxation. However, corporate tax rates differ greatly in international comparison.
The question whether primary school pupils should be assigned to secondary school tracks based on binding recommendations is a subject of heated debate in Germany. The legal requirements for the transition from primary school to secondary school in Germany differ considerably between the federal states.
| 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.
| Optimal distribution
Markets do not come out of thin air, they are created by humans to achieve certain aims. How well a market is equipped to achieve these aims depends largely on the rules that apply there. Market design is dedicated to analysing and optimising markets by designing these rules.
The coronavirus pandemic has brought on the worst recession in Germany since the Second World War. Many companies have managed to stay afloat during the COVID-19 pandemic thanks to government aid. The pandemic is hitting young, less established companies, such as startups, particularly hard.
According to information provided by the Robert Koch Institute (RKI), the coronavirus contact-tracing app has been downloaded more than 18 million times. In light of the rise in infection rates, there is hope that the app will facilitate the tracking of chains of infection in the cold winter months ahead and that it will help to control outbreaks of the virus.
| Pension finance
| Public pension system
| old age provision
| Occupational pension schemes
| Private pension provision
The German Federal Cabinet has adopted a draft law for the introduction of a digital pension platform. An information portal will be set up under the German Pension Authority (Deutsche Rentenversicherung Bund) in order to cover all three pillars of old-age provision, namely statutory, occupational, and private. The portal should be able to show how much money you have saved and what monthly pension payments you can expect at retirement. In this interview, ZEW economist Professor Tabea Bucher-Koenen talks about why a digital pension platform is so important.
At the beginning of August, Sebastian Rausch joined ZEW as the head of the research department of Environmental and Resource Economics, Environmental Management. Following positions at MIT and ETH Zurich, he accepted the post at ZEW along with a professorship in environmental and energy economics at Heidelberg University.
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.