[ZEW Newsletter English Edition] 2015-08 *zew-newsletter-englishedition at mx-assp2.zew.de* zew-newsletter-englishedition at mx-assp2.zew.de /Thu Aug 27 17:08:59 MEST 2015/ * *Messages sorted by:* [ date ] [ thread ] [ subject ] [ author ] ------------------------------------------------------------------------ _____________________________________________________________________ _____________________________________________________________________ Z E W N E W S L E T T E R E N G L I S H E D I T I O N No. 2015-08 August 27, 2015 (Yvonne Braeutigam, newsletter-en at zew.de ) http://www.zew.eu _____________________________________________________________________ _____________________________________________________________________ Content 1. NEWS 2. Call for Papers 2.1. ZEW Workshop on the Development and Consequences of Atypical Employment 3. STAFF 3.1. Visiting Researchers 4. PRESS RELEASES 5. RECENT PUBLICATIONS IN ENGLISH 5.1. ZEWnews English Edition 5.2. Financial Market Report Switzerland 5.3. ZEW-PwC-China Economic Barometer 5.4. ZEW Discussion Papers IN GERMAN 5.5. ZEW-Finanzmarktreport (ZEW Financial Market Report) 6. NEW RESEARCH PROJECTS 7. EVENTS 7.1. Public Events 7.2. Scientific Events _____________________________________________________________________ 1. NEWS 25.08.2015 - ZEW (msc/ole) Stock Market Turmoil in China - ZEW Researchers Recommend Extension of Investment Types for Households in China: Following the plunge in stock prices in China and the subsequent slump of the leading index at US stock markets, the German DAX has recently also dropped below the 10,000-point mark. With a view on the economic consequences for China, Professor Michael Schroeder and Dr. Oliver Lerbs, financial market experts at the Mannheim Centre for European Economic Research (ZEW), consider the Chinese government responsible for taking approriate action. Read more: http://www.zew.de/en/news/3114 21.08.2015 - ZEW (jgl/ybr) 2015 Beijing Humboldt Forum in Cooperation with ZEW: The Centre for European Economic Research (ZEW), the University of International Business and Economics (UIBE), and the Alexander von Humboldt Foundation jointly organise this year's Beijing Humboldt Forum on September 19-21, 2015, in the Chinese capital. This year's BHF will focus on the topics Green Economy, materials and innovation, as well as on cultural heritage. The forum aims to strengthen the research cooperation between Germany and China in these fields. 20.08.2015 - ZEW (apr) Knowledge Transfer and Qualification Programmes at ZEW - 2015-16 Seminar Programme Released: The new Seminar Programme of the Centre for European Economic Research (ZEW) has been released, featuring an extended range of seminars. ZEW offers scientifically grounded qualification programmes for specialists and executive staff from all areas. The seminars are tailored to specific target audiences and draw on knowledge obtained through ZEW research activities. The training seminars are held by ZEW experts in an application-oriented way. Read more: http://www.zew.de/en/news/3106 12.08.2015 - ZEW (csp/fkr) Q&A: What Is the Cost of Aggressive Corporate Tax Planning for Europe? - "No Truly Reliable Figures Exist for Revenue Losses": The European Commission has launched another attempt to tackle aggressive tax planning by multinationals. Its action plan for reforming corporate taxation in the European Union intends to stop practices that, although not illegal, constitute unfair tax avoidance on the part of large corporations. Has the EU Commission found the right instrument to nip profit shifting in the bud and to dry up tax havens? Professor Christoph Spengel, a ZEW Research Associate and corporate taxation expert from the University of Mannheim, argues that the Commission's proposed Common Corporate Tax Base will result in less bureaucracy and a definite increase in transparency. Read the complete interview: http://www.zew.de/en/news/3093 2. Call for Papers 2.1. ZEW Workshop on the Development and Consequences of Atypical Employment 24.08.2015 - ZEW (jgl/ybr) ZEW Workshop on the Development and Consequences of Atypical Employment (December 2-3, 2015): The Centre for European Economic Research (ZEW) in Mannheim is pleased to announce a workshop on the development and consequences of atypical employment in Mannheim on December 2 and 3, 2015. The topic becomes increasingly important, particularly in Germany but also in the European context, due to the growing number and diversification of atypical employment. Little is known, however, about the consequences for employees. The aim of the workshop is to bring together international researchers to present and discuss recent empirical and theoretical contributions. Please submit papers in PDF or MS Word format to AtypWS15 at zew.de no later than September 27, 2015. Additional information and Call for Papers: http://www.zew.de/en/events/2187 3. STAFF 3.1. Visiting Researchers 24.08.2015 - ZEW (jgl/ybr) Tianyu Zhang Visiting Researcher at ZEW: Zhang is a visiting researcher at ZEW's Research Department "Industrial Economics and International Management" from August 6 to September 30, 2015. He is a Doctoral Researcher at the Duesseldorf Institute for Competition Economics (DICE) and receives a scholarship granted by the China Scholarship Council (CSC). His research interests lie in the fields of industrial economics, corporate finance, and game theory. During his stay at ZEW, Zhang has been working with data of the Mannheim Innovation Panel (MIP). Additional information on Tianyu Zhang: http://www.dice.hhu.de/en/diceteam/researchers/doctoral-researchers/zhang.html 4. PRESS RELEASES 19.08.2015 - ZEW (pma/fkr/jpr) Energy Market Experts Forecast Medium-Term Risks for Energy Providers as a Result of the Energy Transition: The turnaround in German energy policy, the energy transition ("Energiewende"), is considered one of the major energy policy projects in German history. Such an ambitious project will bring about notable changes in many areas of the German business landscape. Over the medium term, the energy transition will have a significant impact on the economic situation of companies in the energy sector, as well as on companies involved in the construction of power plants. The resulting opportunities and risks, however, are unevenly distributed. This is a finding from the current Energy Market Barometer carried out by the Mannheim Centre for European Economic Research (ZEW). More than 200 energy market experts participated in the survey. They were asked to assess the consequences of the energy transition on the economic situation of companies in the energy sector and on the German economy as a whole on a five-year horizon. Read more: http://www.zew.de/en/press/3104 18.08.2015 - ZEW (rge/jpr) ZEW Energy Market Barometer - Energy Market Experts Expect Stagnation in Energy Prices in the Short Run: Energy prices in Germany are set to stagnate over the coming six months. On a five-year horizon, however, electricity, oil and gas prices are expected to rise once again. No explicit trend can be observed for medium-term coal prices. These are the central findings of the ZEW Energy Market Barometer, a biannual survey among approximately 200 energy market experts, conducted by the Mannheim Centre for European Economic Research (ZEW). Read more: http://www.zew.de/en/press/3103 17.08.2015 - ZEW (mye/mdm/jpr) Higher Spending in Years of Local Elections: Municipal public spending often increases prior to elections. This recurring phenomenon is the result of "political budget cycles", that is, strategic manipulation of expenditures or undue influence on other fiscal variables by elected representatives in office. Their motivation is to put themselves in a more positive light in view of upcoming elections. A study based on municipal data of the German States of Bavaria and Baden-Wuerttemberg, conducted by the Mannheim Centre for European Economic Research (ZEW), shows that public spending increases particularly when local council and mayoral elections coincide, and when the incumbent mayor runs for re-election. Read more: http://www.zew.de/en/press/3101 13.08.2015 - ZEW (zil/fkr/jpr) ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Slight Upturn in Economic Expectations: Economic expectations for Central and Eastern Europe including Turkey (CEE region) have slightly improved in August 2015. In the current survey, the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has increased by 3.5 points. The indicator now stands at a level of 19.0 points. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Mannheim Centre for European Economic Research (ZEW) with the support of Erste Group Bank, Vienna, since 2007. Read more: http://www.zew.de/en/press/3096 12.08.2015 - ZEW (lja/fkr/jpr) ZEW-CS Financial Market Test Switzerland - Economic Outlook Returns to Positive Territory: The ZEW-CS Indicator for Switzerland has increased by 11.3 points in August 2015, thereby rising from its July value of minus 5.4 points to a current reading of 5.9 points. Following significant deterioration as a result of the Swiss Franc shock at the beginning of the year, the indicator has remained more or less closely around zero points for the last four months. A reading of zero indicates that financial experts expect neither deterioration nor improvement of the Swiss economy. The ZEW-CS Indicator reflects the expectations of the surveyed financial market experts regarding the economic development in Switzerland on a six-month time horizon. The indicator is calculated on a monthly basis by the Mannheim Centre for European Economic Research (ZEW) in cooperation with Credit Suisse (CS), Zurich. Read more: http://www.zew.de/en/press/3094 11.08.2015 - ZEW (jrr/dre/jpr) ZEW Indicator of Economic Sentiment - German Economic Sentiment Declines Once Again: The ZEW Indicator of Economic Sentiment for Germany declines again in August 2015. Decreasing by 4.7 points compared to the previous month, the index now stands at a level of 25.0 points (long-term average: 24.9 points). "The German economic engine is still running smoothly. However, under the current geopolitical and global economic circumstances a substantial improvement of the economic situation in Germany over the medium term is improbable. That is why economic sentiment has declined," says ZEW President Professor Clemens Fuest. Read more: http://www.zew.de/en/press/3092 05.08.2015 - ZEW (msc/ggr/jpr) China Economic Panel (CEP) of the Centre for European Economic Research (ZEW) and Fudan University (Shanghai) - Economic Expectations for China to Date Unimpressed by Stock Market Turmoil: The CEP Indicator, which reflects the expectations of international financial market experts regarding China's macroeconomic development over the coming twelve months, has slightly declined in the current survey period (July 14-30, 2015). The indicator has dropped from 9.0 to 8.8 points compared to the previous month. Expectations for China's economic development in 2015 and 2016 have hardly changed either compared to the June reading. The surveyed experts forecast an average GDP growth of 6.8 per cent in 2015, and a GDP growth of 6.7 per cent in 2016. Read more: http://www.zew.de/en/press/3090 03.08.2015 - ZEW (she/fkr) ZEW-ZEPHYR M&A Index - Mega Deals to Spur Global Mergers and Acquisitions: The global M&A market continues to show a very strong performance. Spurred by a number of record deals, the upward trend at the global M&A market has persisted. This is the result of recent calculations by the Centre for European Economic Research (ZEW) based on the Zephyr database of Bureau van Dijk (BvD). Read more: http://www.zew.de/en/press/3089 5. RECENT PUBLICATIONS IN ENGLISH 5.1. ZEWnews English Edition ZEWnews English Edition July/August 2015 * Opportunity or Threat? Digitalisation Will Transform the Future of Work * Unilateral Environmental Regulations Encourage the Relocation of Production * Only Comprehensive Sustainability Strategies Pay off for Companies * Eastern European Nations Benefit from EU Climate Policy * The Politics of Raw Materials: Why Is China Restricting Rare Earths Export? * Q&A: No Truly Reliable Figures Exist for Revenue Losses * Europe Is Facing Increased Pressure of Competition in the Digitalised World * Opinion Regarding: Is the German Minimum Wage a Boon or Bane? Too Soon to Tell Download as PDF file(*) (reference is given at the end of "RECENT PUBLICATIONS"): http://ftp.zew.de/pub/zew-docs/zn/en/zn07082015.pdf 5.2. Financial Market Report Switzerland Financial Market Report Switzerland September 2015 * Economic Outlook Expectations Brighten Again * International Financial Market Data - Assessments and Expectations * Inflation Uncertainty Picks Up Again * Stable Swiss Franc Against the Euro * Rising Long-Term Interest Rates Expected * Continued Positive Outlook for European Markets * Special Question 1: Asset-Class Valuations * Special Question 2: Fair Value of EUR/CHF Exchange Rate Download as PDF file(*): http://www.zew.de/FinancialMarketReportSwitzerland092015.pdf 5.3. ZEW-PwC China Economic Barometer ZEW-PwC China Economic Barometer, Third Quarter 2015 * Negative Trend Shows Slight Improvement * Unit Labour Costs Boost Inflation Concerns * German Companies Feel Well Positioned with Respect to their Chinese Competitors Download im PDF-Format(*): http://ftp.zew.de/pub/zew-docs/chinarep/ZEW-PwC-WirtschaftsbarometerChinaQ3_2015.pdf 5.4. ZEW Discussion Papers 15-064 Kai Hueschelrath; Ulrich Laitenberger The Settlement Procedure in EC Cartel Cases: An Empirical Assessment Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15064.pdf 15-063 Sven Heim; Kai Hueschelrath; Ulrich Laitenberger The Duration of the EC Merger Control Process: Determinants and the Impact of the 2004 Merger Regulation Reform Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15063.pdf 15-062 Niklas Duerr; Kai Hueschelrath Competition in the German Interurban Bus Industry: A Snapshot Two Years After Liberalization Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15062.pdf 15-061 Niklas Duerr; Sven Heim; Kai Hueschelrath Deregulation, Competition, and Consolidation: The Case of the German Interurban Bus Industry Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15061.pdf 15-060 Willem Boshoff; Stefan Fruebing; Kai Hueschelrath Information Exchange Through Non-Binding Advance Price Announcements: An Antitrust Analysis Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15060.pdf 15-059 Kai Hueschelrath; Volodymyr Bilotkach Balancing Competition and Cooperation: Evidence from Transatlantic Airline Markets Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15059.pdf 15-058 Benjamin Bittschi; Saskia Duppel Did the Introduction of the Euro Lead to Money Illusion? Empirical Evidence from Germany Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15058.pdf 15-057 Jens Mohrenweiser; Gaby Wydra-Sommaggio; Thomas Zwick Work-Related Ability as Source of Information Advantages of Training Employers Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15057.pdf 15-056 Oliver Woll Mean-Risk Hedging Strategies in Electricity Markets with Limited Liquidity Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15056.pdf 15-055 Rainer Braeutigam; Christoph Spengel; Frank Streif Decline of CFC Rules and Rise of IP Boxes: How the ECJ Affects Tax Competition and Economic Distortions in Europe Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15055.pdf 15-054 Zareh Asatryan; Annika Havlik; Frank Streif Vetoing and Inaugurating Policy Like Others Do: Evidence on Spatial Interactions in Voter Initiatives Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15054.pdf 15-053 Katharina Dyballa; Kornelius Kraft Does Codetermination Affect the Composition of Variable Versus Fixed Parts of Executive Compensation? Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15053.pdf 15-052 Olena Dudar; Christoph Spengel; Johannes Voget The Impact of Taxes on Bilateral Royalty Flows Download as PDF file(*): http://ftp.zew.de/pub/zew-docs/dp/dp15052.pdf IN GERMAN 5.5. ZEW-Finanzmarktreport (ZEW Financial Market Report) ZEW Financial Market Report September 2015 * German Economic Sentiment Declines Once Again * Eurozone: Low Interest Rate Policy Expected to Continue * USA: Key Interest Rate Increase on the Horizon * Japan: Assessment of the Situation Worsens for the First Time this Year * Great Britain: Assessment of the Situation Improves * Special Question: Inflation Expectations for 2015 Remain Unchanged Download as PDF file (in German)(*): http://ftp.zew.de/pub/zew-docs/frep/092015.pdf (*) Please note: PDF files can be displayed with Adobe Acrobat Reader. The software can be downloaded for free: http://get.adobe.com/uk/reader 6. NEW RESEARCH PROJECTS 2015-2017 Monitoring of the Digital Economy http://www.zew.de/en/projects/1513 2025 Innovative SMEs - Challenges, Trends and Recommended Actions for the Business Sector and Economic Policy http://www.zew.de/en/projects/1496 Digitalisation and the Future of Work: Macroeconomic Consequences for Tomorrow's Employment, Unemployment and Wages http://www.zew.de/en/projects/1497 Innovation Policy in Germany: Strategies for More Innovation in the Age of Digitalisation http://www.zew.de/en/projects/1515 Reforms for More Fiscal Responsibility of Euro Area Countries and the Potential of Accountability-Bonds http://www.zew.de/en/projects/1514 7. EVENTS 7.1. Public Events 16.09.2015 ZEW Lunch Debates: Europe's New Fiscal Governance: A Quantum Leap or not Worth the Paper it's Written on? Speakers: Prof. Dr. Friedrich Heinemann (ZEW), Albert Sole-Olle (Professor of Economics at the University of Barcelona), Outi Slotboom (COM, DG ECFIN, Head of Unit) Location of the event: Representation of the State of Baden-Wuerttemberg to the European Union, Rue Belliard 60-62, B-1040 Brussels Additional Information: http://www.zew.de/en/events/2144 7.2. Scientific Events 03.09.2015 ZEW Lectures on Economic Policy: Behavioural Taxation on Empirical Findings and Policy Implications Speaker: Prof. Dr. Kay Blaufus (Leibniz University Hannover) Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2193 10.09.2015 ZEW Research Seminar: Information Technologies, Communication Technologies and Decision-Making: Experimental and Survey Evidence Speaker: Dr. Ludivine Martin (LISER) Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2189 14.-18.09.2015 Workshop: Labour Market Research - Theory, Empirical Analysis, Interdisciplinary Perspectives Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2111 19.-21.09.2015 Conference: 2015 Beijing Humboldt Forum Location of the event: University of International Business and Economics, Beijing, China Additional Information: http://www.zew.de/en/events/2185 01.10.2015 ZEW Lectures on Economic Policy: The External Effects of Power Generation on Local Housing Markets Speaker: Prof. Dr. Piet Eichholtz (Maastricht University) Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2195 01.-02.10.2015 Conference: Second Annual MaTax Conference Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2129 08.-09.10.2015 Conference: Fifth SEEK Conference: Overcoming the Crisis. How to Foster Innovation and Entrepreneurship in Europe? Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2112 22.-23.10.2015 Conference: MACCI Law and Economics Conference on New Media: Industry Development and Public Policy Location of the event: ZEW, Mannheim Additional Information: http://www.zew.de/en/events/2207 ____________________________________________________________________ IMPRINT Publisher: Centre for European Economic Research GmbH (ZEW) L 7, 1 - 68161 Mannheim - Germany - http://www.zew.eu Phone +49 621/1235-01 Fax +49 621/1235-255 Seat of the company: Mannheim - Local Court Mannheim HRB 6554 Chairwoman of the Supervisory Board: Theresia Bauer, MdL, Minister of Science, Research, and the Arts of the State of Baden-Wuerttemberg Executive Directors: Prof. Dr. Clemens Fuest, Thomas Kohl Editor: Yvonne Braeutigam, yvonne.braeutigam at zew.de E-mail: newsletter-en at zew.de Editorial assistants: Julia Glashauser, Jule Zenker, Constanze Adler Responsibility: Gunter Grittmann, grittmann at zew.de Legal note: http://www.zew.eu/legalnote You can subscribe/unsubscribe at any time - online via http://www.zew.eu/newsletter or - mail to zew-newsletter-englishedition-request at mx-assp2.zew.de Subject: (leave blank!) 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