1. M&A Report // 2011

    June 2011

    • Revitalisation of the German M&A Market
    • China‘s Interest in the Financial Sector Undimmed
    • Merger Plans of Stock Exchange Operators
    • Takeover Rumours at ProSiebenSat.1
    • Cartel Collapses and M&A Activity
    • Private Equity…
  2. ZEW Discussion Paper No. 11-038 // 2011

    Religion and the Shadow Economy

    Religion is increasingly acknowledged to be a cultural dimension which affects economic outcomes in different regards. This contribution focuses on religion’s possible impact on the size of the shadow economy.…

  3. ZEW Discussion Paper No. 11-037 // 2011

    Fiscal Stimulus and Distortionary Taxation

    We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for…

  4. ZEW Discussion Paper No. 11-036 // 2011

    Unmasking the Porter Hypothesis: Environmental Innovations and Firm-Profitability

    Environmental regulation. What economists usually associate with these words are barriers to competitiveness. The association of Porter (1991) and Porter and van der Linde (1995) is a different one. By relying…

  5. ZEW-Wachstums- und Konjunkturanalysen // 2011

    Nr. 2 (Juni) - 2011

    • Deutschland auf stabilem Kurs
    • Die voraussichtliche Lage in der EWU
    • Ergebnisse der Maiumfrage 2011
    • Verschlechterung der Geschäftslage trübt die Stimmung im Wirtschaftszweig
    • Zur Stabilität des Spendenaufkommens bei…
  6. Financial Market Report Switzerland // 2011

    June 2011

    • Financial Experts Expect Slowdown of Favourable Economic Situation
    • Eurozone: Declining Inflation Expectations
    • USA: Economic Outlook Appears Less Optimistic
    • Japan: Assessments of Economy Improve from Low Level
    • Great…
  7. Financial Market Report CEE // 2011

    June 2011

    • Stable Economic Expectations for CEE - Inflationary Risk Concerns Decline
    • Czech Republic, Poland, and Slovakia: Improved Situation and Outlook
    • Croatia, Hungary, and Romania: Relaxed Inflation Concerns
    • Turkey:…