1. ZEW-Finanzmarktreport // 2014

    April 2014

    • fmoKrim-Krise belastet Konjunkturerwartungen
    • EZB: Erwartungen bezüglich Inflation
    • USA: Erwartungen stabilisieren sich auf hohem Niveau
    • Japan: Optimismus der Finanzmarktexperten schwindet
    • Großbritannien: Es geht…
  2. Finanzmarktreport Schweiz // 2014

    April 2014

    • Wolken am Konjunkturhimmel
    • Steigender Inflationsdruck erwartet
    • Abwertung des CHF unwahrscheinlicher
    • Höhere Langfristzinsen erwartet
    • Unsicherheiten belasten Aktienmärkte
    • Schweizer Exportdynamik
    • Sonderfrage:…
  3. ZEW Discussion Paper Nr. 14-022 // 2014

    Efficient Contracts for Government Intervention in Promoting Next Generation Communications Networks

    Although the future socio-economic benefits of a new fibre-based ("next generation access", NGA) telecommunications infrastructure seem to be uncontroversial, a universal NGA coverage appears to be a rather…

  4. ZEW Discussion Paper Nr. 14-021 // 2014

    Sailing Into a Dilemma - An Economic and Legal Analysis of an EU Trading Scheme for Maritime Emissions

    On the basis of a joint economic and legal analysis, we evaluate the effects of a "regional" (European) emission trading scheme aiming at reducing emissions of international shipping. The focus lies on the…

  5. ZEW Discussion Paper Nr. 14-020 // 2014

    Designing an Emissions Trading Scheme for China – An Up-to-date Climate Policy Assessment

    We assess recent Chinese climate policy proposals in a multi‐region, multi‐sector computable general equilibrium model with a Chinese carbon emissions trading scheme (ETS). When the emissions intensity per GDP…

  6. ZEW Discussion Paper Nr. 14-019 // 2014

    M&A and the Tax Benefits of Debt-Financing

    The deductibility of interest expenses from the corporate tax base creates an incentive for acquiring companies to finance a takeover with debt. In this paper, I investigate the impact of profit taxation on the…