1. Financial Market Report CEE // 2008

    April 2008

    • Economic Sentiment for Central and Eastern Europe Recovers Considerably
    • Very Good Economic Situation in the Czech Republic and Slovakia; Depreciation of Both Currencies Expected
    • A Brighter Outlook for the…
  2. ZEW Discussion Paper No. 08-019 // 2008

    Why Do Firms Train Apprentices? The Net Cost Puzzle Reconsidered

    Almost all papers on the motivation of German firms to train apprentices take as a stylised fact that training firms have to incur net costs. This notion stems practically from one source only - a series of…

  3. ZEW Discussion Paper No. 08-018 // 2008

    Who Gets the Money? The Dynamics of R&D Project Subsidies in Germany

    Each year over three thousand R&D projects in more than two thousand firms received public grants from the German Federal Government. However, the number of subsidized firms does not reveal, whether it is always…

  4. ZEW Discussion Paper No. 08-017 // 2008

    Returns and Volatility of Eurozone Energy Stocks

    The recent years have been marked by massive price movements at the energy markets. Oil prices at the international energy exchanges have been rising strongly, and record high prices for oil and gas have been…

  5. ZEW Discussion Paper No. 08-016 // 2008

    Reducing Deforestation and Trading Emissions: Economic Implications for the Post-Kyoto Carbon Market

    Last year's assessment report of the Intergovernmental Panel on Climate Change reemphasized the urgency of combating global warming. As the primary causes of climate change the report highlights fossil fuel use…

  6. ZEW-Finanzmarktreport // 2008

    April 2008

    • Erwartungen auf Erholungskurs
    • EZB: Experten bleiben bei Zinssenkungen
    • USA: Hoffen auf die US-Notenbank
    • Japan: Konjunkturelle Abschwächung erwartet
    • Großbritannien: Inflationssorgen nehmen zu
    • Sonderfrage: Outsourcing…
  7. Refereed Journal // 2008

    Accuracy and Properties of German Business Cycle Forecasts

    In this paper the accuracy of a wide range of German business cycle forecasters is assessed for the past 10 years. For this purpose, a data set is used comprising forecasts published on a monthly basis by…

  8. ZEW Economic Studies Vol. 39 // 2008

    Dual Income Tax - A Proposal for Reforming Corporate and Personal Income Tax in Germany

    In its Annual Report 2003/2004, the Council of Economic Experts launched a dual income tax as an option for a fundamental tax reform in Germany. Appointed by the German government the Council prepared a detailed…