1. German Real Estate Finance Index (DIFI Report) // 2020

    Second Quarter 2020

    • The Corona Crisis Hits the Industry with Full Force
    • Only the Logistics Sector Could Benefit
    • Renewed Downward Trend in the Refinancing Markets
    • Pressure on Margins Appears to Have Eased
  2. ZEW Discussion Paper No. 20-029 // 2020

    Hiring New Key Inventors to Improve Firms’ Post-M&A Inventive Output

    Although merger and acquisitions (M&As) are acknowledged as an important means to access innovative assets and know-how, firms’ inventive output often declines in the post-M&A period. Financial, managerial and…

  3. ZEW Discussion Paper No. 20-028 // 2020

    Austerity and Distributional Policy

    What are the effects of austerity on distributional policy? We exploit the autonomy of Italian municipalities in setting non-linear income taxes and the exogenous introduction of a fiscal rule to show that…

  4. China Economic Panel (CEP) // 2020

    June 2020

    • Expectations for Chinese Economy Improve: CEP Indicator Rises to a New Reading of 30.5
    • 37 analysts participated in the June survey, which was conducted during the period 9 till 17 June 2020
  5. ZEW Discussion Paper No. 20-027 // 2020

    The Incidence of VAT Evasion

    Who benefits from the evasion of value added taxes (VAT)? Using a reform that enforced VAT on previously non-compliant large retailers in Armenia, we estimate a onethird passthrough of the tax burden on prices.…

  6. ZEW-Finanzmarktreport // 2020

    Juli 2020

    • Konjunkturelle Talsohle im Sommer 2020
    • Eurozone: Erste Verbesserung der Wirtschaftslage seit Januar 2020
    • USA: Dritter Anstieg der Konjunkturerwartungen in Folge
    • Japan: Konjunkturerwartungen erneut…
  7. ZEW Discussion Paper No. 20-026 // 2020

    Beyond Monetary Barriers to Electric Vehicle Adoption: Evidence From Observed Usage of Private and Shared Cars

    We use car-level micro data to provide empirical evidence on the usage of conventional and electric vehicles (EVs) in private and car sharing fleets in Germany. We shed light on both monetary and non-monetary…

  8. ZEW expert brief No. 20-09 // 2020

    Working from Home and Covid-19

    As the Covid-19 pandemic causes an all-time high share of people to work from home, this disruptive event is likely to have a long-lasting effect on work arrangements. Given existing research on the effects of…