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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. 2016-04 April 28, 2016 (Julia Glashauser, newsletter-en@zew.de)
http://www.zew.eu 
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Content

1.  NEWS

2.  CALL FOR PAPERS
2.1. Conference "Project Future: Working World 4.0"
2.2. First Homes-uP International Conference on "Single-Family Homes
     Under Pressure?"

3.  STAFF
3.1. Awards
3.2. Guests at ZEW

4.  PRESS RELEASES

5.  RECENT PUBLICATIONS

IN ENGLISH
5.1. ZEWnews English Edition
5.2. Financial Market Report Switzerland
5.3. ZEW Discussion Papers
5.4. Expertises/Research Reports

IN GERMAN
5.5. ZEW-Finanzmarktreport (ZEW Financial Market Report)
5.6. ZEW Branchenreport Informationswirtschaft 
      (ZEW Sector Report for the Information Economy)
5.7. ZEW Discussion Papers
5.8. Gutachten/Forschungsberichte (Expertises/Research Reports)

6. NEW RESEARCH PROJECTS

7.  EVENTS
7.1. Public Events
7.2. Scientific Events


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1. NEWS

14.04.2016 · ZEW (fkr)
Public Events
EU Research Commissioner Carlos Moedas at ZEW - "Europe Must
Increase the Flexibility of its Markets": 
The key to competitiveness can be summed up quite simply: More
innovation results in greater productivity, and therefore more
growth. Research and development, however, are essential drivers of
innovation. The critical question therefore is how results from
research can be translated into innovations in markets. Carlos
Moedas, EU Commissioner for Research, Science and Innovation
believes that in the future, innovation will increasingly occur at
the points of intersection between various research disciplines.
 Read more:
 http://www.zew.de/en/news/3357

08.04.2016 · ZEW (ggr/tko)
Dates and News
25 Years Since ZEW Began its Work:
25 years ago, in April 1991, the Mannheim Centre for European
Economic Research (ZEW) commenced its work. This was to be the
beginning of a success story, which has seen ZEW become a leading
European economic research institute within a relatively short period
of time. The institute's 25th anniversary shall be fittingly
celebrated as part of festivities held on 8 December 2016, in the
company of high-ranking guests from the fields of science, economics,
politics and society.
 Read more:
 http://www.zew.de/en/news/3351

05.04.2016 · ZEW (sfr)
Conferences
Fifth MaCCI Annual Conference at ZEW:
On March 3 and 4, 2016, the Centre for European Economic Research
(ZEW) and the University of Mannheim jointly organised the fifth
annual conference of the Mannheim Centre for Competition and
Innovation (MaCCI). About 95 participants, including many renowned
researchers and practitioners, attended the event to discuss cutting
edge and highly relevant research issues with regard to competition
and innovation from an economic and legal perspective.
 Read more:
 http://www.zew.de/en/news/3347

For current news, please visit:
http://www.zew.de/news 



2. CALL FOR PAPERS

2.1. Conference "Project Future: Working World 4.0"

20.04.2016 · ZEW (jgl/ybr)
Conference "Project Future: Working World 4.0" (September 19, 2016):
The Institute for Applied Economic Research at the University of
Tübingen (IAW), the Fraunhofer Institute for Industrial Engineering
IAO, the Fraunhofer Institute for Systems and Innovation Research
ISI, the University of Hohenheim, and the Centre for European 
Economic Research (ZEW) are jointly organising the German conference
"Project Future: Working World 4.0" on September 19, 2016, in
Stuttgart. The conference aims to provide a platform for scientific
and interdisciplinary exchange on the question as to how we should
shape the digital work environment in Germany. Theoretical,
empirical, and practice-orientated contributions from the fields of
engineering, economics, social sciences, as well as other related
areas of research are welcome. Please submit full papers or an
extended abstract in German language as a PDF file to
mail@arbeitswelt40-bw.de no later than May 14, 2016.
 Additional information and Call for Papers (in German):
 http://www.zew.de/de/veranstaltungen/2372

2.2. First Homes-uP International Conference on "Single-Family Homes
     under Pressure?"

22.04.2016 · ZEW (jgl/ybr)
First Homes-uP International Conference on "Single-Family Homes Under
Pressure?" (October 13-14, 2016):
The Leibniz Institute of Ecological Urban and Regional Development,
the Centre for European Economic Research (ZEW) and three further
institutions are jointly organising the first Homes-uP International
Conference on "Single-Family Homes Under Pressure?" on October 13 and
14, 2016, in Mannheim. The conference will bring together
international researchers from different disciplines who work on
single-family housing. The objective is to scrutinise the effects of
demographic, sociocultural and structural change on the utilisation
of single-family housing in industrialised countries from an
interdisciplinary perspective. Submissions on different aspects
regarding single-family homes as an economic, ecological and cultural
resource are encouraged. Please submit full papers or an extended
abstract (3 pages) as a PDF-file to homesup@zew.de no later than May
31, 2016.
 Additional information and Call for Papers:
 http://www.zew.de/en/events/2386



3. STAFF

3.1. Awards

05.04.2016 · ZEW (fkr)
ZEW Economist Wins Best Paper Award:
Dr Philipp Dörrenberg, Senior Researcher in the Research Group
"International Distribution and Redistribution” at the Centre for
European Economic Research (ZEW), received the Best Paper Award at
the 21st Spring Meeting of Young Economists (SMYE) in Lisbon in March
2016. The SMYE is organised annually by the Economic Association of
Young Economists (EAYE) and brings together young international
researchers from different fields.
 Read more:
 http://www.zew.de/en/news/3348

3.2. Guests at ZEW

20.04.2016 · ZEW (jgl/ybr)
ZEW Hosts Expert Group on "Innovation and Knowledge Management":
On April 20, 2016, the expert group on "Innovation and Knowledge
Management" from the Heinz-Piest-Institut für Handwerkstechnik at the
University of Hannover (HPI) made a visit to the Mannheim Centre for
European Economic Research (ZEW). As part of a conference held by the
expert group in cooperation with the Mannheim Chamber of Crafts and
Trades (Handwerkskammer Mannheim Rhein-Neckar-Odenwald), the members
of the group were keen to find out more about the research carried
out at ZEW.
 Read more:
 http://www.zew.de/en/news/3364

18.04.2016 · ZEW (jgl/ybr)
Jan Sauermann Visiting Researcher at ZEW:
Jan Sauermann, PhD, is a visiting researcher in ZEW's Research
Department "Information and Communication Technologies" from
April 13 to 29, 2016. He is Assistant Professor at the Swedish
Institute for Social Research at Stockholm University. His research
interests lie in the fields of labour economics and applied micro
econometrics. During his stay, Jan Sauermann gives a lecture on the
short- and long-term effects of vocational versus general schooling
as part of the ZEW Research Seminar series.
 Additional information on Jan Sauermann, PhD:
 https://sites.google.com/site/jansauermann/

15.04.2016 · ZEW (ybr/sse)
DGFP Experience-Exchange at ZEW:
On April 15, 2016, the Centre for European Economic Research (ZEW)
hosted the Mannheim-based experience-exchange group of the German
Association for People Management (DGFP e.V.). Around 20 business
executives and professionals exchanged information and discussed
current questions arising in the field of people management.
 Read more:
 http://www.zew.de/en/news/3358



4. PRESS RELEASES

25.04.2016 · ZEW (she)
M&A-Index
Dynamism in German M&A Market Continues:
The latest ZEW-ZEPHYR M&A Index indicates that when it comes to
mergers and acquisitions (M&A) involving German companies, things
are continuing to go well. In January, the index had a value of
123 points, indicating a dynamic start to 2016. Indeed,
96 transactions took place in January 2016 – more mergers and
acquisitions (M&A) have not been achieved in the same period since
January 2013. These are the findings of 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/3371

21.04.2016 · ZEW (zil)
CEE Indicator of Economic Sentiment
Economic Expectations Worsen:
Economic expectations for Central and Eastern Europe including Turkey
(CEE region) have deteriorated in April 2016. In the current survey,
the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE
region has decreased by 13.1 points to a level of minus 8.4 points.
Among the individual countries, the indicators for the Czech Republic
(down by 16.0 points) and Hungary (down by 12.8 points) have seen the
largest decreases.
 Read more:
 http://www.zew.de/en/press/3366

20.04.2016 · ZEW (lja)
CH Indicator of Economic Sentiment
Economic Expectations Increase Further:
The The ZEW-CS-Indicator for the economic sentiment in Switzerland
has risen by 9.0 points to a reading of 11.5 points in April 2016.
This increase further widens the gap between the indicator’s current
positive value and negative territory, thereby continuing the trend
seen in the previous month. The current economic situation is also
assessed as being slightly more positive in comparison to that of the
previous month, with a reading of minus 0.1 points. 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. It 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/3363

19.04.2016 · ZEW (jrr/dre)
ZEW Indicator of Economic Sentiment
Economic Outlook Improves:
The ZEW Indicator of Economic Sentiment for Germany has increased for
the second time in a row in April 2016. The index has gained
6.9 points compared to the previous month, now totaling 11.2 points
(long-term average: 24.5 points). "Surprisingly positive economic
news from China seems to have improved the sentiment amongst financial
market experts. On balance, however, the continued poor growth in
China and other important emerging markets continues to be a burden
for the German export industry. Furthermore, concern about Great
Britain's possible exit from the EU seems to be having a negative
impact", comments Professor Sascha Steffen, Head of the Research
Department "International Finance and Financial Management" at ZEW.
 Read more:
 http://www.zew.de/en/press/3361

13.04.2016 · ZEW (msc/fkr)
China Economic Panel
Expectations for Chinese Economy Rise Sharply:
The economic policy plans and objectives of the new five-year plan of
the Chinese government, have boosted expectations for the Chinese
economy. The CEP Indicator, which reflects the expectations of
international financial market experts regarding China's
macroeconomic development over the coming twelve months, has risen
sharply in the current survey period (03/21/2016 – 04/06/2016),
climbing from minus 25.7 points to a level of 3.5 points.
 Read more:
 http://www.zew.de/en/press/3355

For current press releases, please visit:
http://www.zew.de/en/presse 



5. RECENT PUBLICATIONS

IN ENGLISH

5.1. ZEWnews English Edition

ZEWnews English Edition March/April 2016

 * New ZEW President Achim Wambach Establishes Research Group "Market
   Design"
 * Childhood Is a Decisive Factor in Income Disparities in the UK and
   the US
 * Still Room for Improvement as EU Fibre-Optic Networks Expand
 * Unilateral National Energy Policies Put European Market Integration
   at Risk
 * Settlements Accelerate Antitrust Proceedings in EC Cartel Cases
 * Germany Needs a Tax Stimulus for R&D Investment
 * Q&A: The Minimum Wage – A Boon or Bane for the German Labour
   Market?
 * Opinion Regarding: Digital Economy – Competition Policy Enters New
   Territory

 Download shortly as PDF file(*) (reference is given at the end of
 "RECENT PUBLICATIONS"): http://ftp.zew.de/pub/zew-docs/zn/en/zn03042016.pdf

5.2. Financial Market Report Switzerland

Financial Market Report Switzerland May 2016

 * International Financial Market Data - Assessments and Expectations
 * No Further Interest Rate Cuts Expected in Europe
 * Stable Exchange Rate Expectations
 * Inflation Expectations Remain Positive
 * Slightly Cloudier Stock Market Expectations
 * Special Question 1: Economic Growth for 2016/17
 * Special Question 2: Inflation in 2016/17
 * Special Question 3: Three-Month CHF Libor

 Download as PDF file(*):
 http://www.zew.de/zew-cs-financialmarketreport 

5.3. ZEW Discussion Papers

16-034
Zareh Asatryan; Cesar Castellon; Thomas Stratmann
Balanced Budget Rules and Fiscal Outcomes: Evidence from Historical
Constitutions
 Download as PDF file (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16034.pdf

16-032
Goytom Abraha Kahsay; Daniel Osberghaus
Extreme Weather and Risk Preference: Panel Evidence from Germany
 Download as PDF file (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16032.pdf

16-031
Michael Kummer; Patrick Schulte
When Private Information Settles the Bill: Money and Privacy in
Google's Market for Smartphone Applications
 Download as PDF file (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16031.pdf

16-030
Ekkehard Ernst; Willi Semmler; Alexander Haider
Debt Deflation, Financial Market Stress and Regime Change - Evidence
from Europe Using MRVAR
 Download as PDF file (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16030.pdf

16-029
Klaus Peter Gugler; Sven Heim; Mario Liebensteiner
Non-Sequential Search, Competition and Price Dispersion in Retail
Electricity
 Download as PDF file (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16029.pdf 

5.4. Expertises/Research Reports

Silvia Vignetti, Mike Coye, Emanuela Sirtori, Mark Whittle, Julie
Pellegrin und Georg Licht (2016), Support to SMEs - Increasing
Research and Innovation in SMEs and SME Development. Final Report.
Work Package 2, Export evaluation of Cohesion Policy programmes 2007
- 2013, focusing on the European Regional Development Fund (ERDF) and
the Cohesion Fund (CF), European Commission, Brussels.
 Additional information and Download:
 http://www.zew.de/en/publications/8335 

David Anciaux, Eurico Neves, Frans van der Zee, Annelieke van der
Giessen, Christian Rammer und Maikel Pellens (2016), Mapping the
regional embeddedness of the NMP programme. Final report of the
project, European Commission, Brussels.
 Additional information and Download:
 http://www.zew.de/en/publications/8362 

IN GERMAN

5.5. ZEW-Finanzmarktreport (ZEW Financial Market Report)

ZEW Financial Market Report May 2016

 * Business Expectations Continue to Improve
 * Eurozone: Increase in Expected Interest Rates
 * USA: Business Expectations Once Again Increase
 * Japan: Business Expectations Remain Restrained
 * Great Britain: Slight Decline in Business Expectations
 * Special Question: Forecasts of Economic Growth

 Download as PDF file (in German)(*):
 http://ftp.zew.de/pub/zew-docs/frep/052016.pdf 

5.6. ZEW Branchenreport Informationswirtschaft
     (ZEW Sector Report for the Information Economy)

ZEW Sector Report for the Information Economy, 1st Quarter 2016

 * ICT Sector: Business Situation Slightly Worsens
 * International Activities of the Information Economy

 Download as PDF file (in German)(*):
 http://ftp.zew.de/pub/zew-docs/brepikt/201601BrepIKT.pdf

5.7. ZEW Discussion Papers

16-033
Martin Peitz; Ulrich Schwalbe
Zwischen Sozialromantik und Neoliberalismus - zur Ökonomie der
Sharing-Economy (Between Social Romanticism and Neoliberalism - on the
Economics of the Sharing-Economy)
 Download as PDF file (in German) (*):
 http://ftp.zew.de/pub/zew-docs/dp/dp16033.pdf

5.8. Gutachten/Forschungsberichte (Expertises/Research Reports)

Holger Bonin (2016), Gewinne der Integration: Berufliche
Qualifikation und Integrationstempo entscheiden über die
langfristigen fiskalischen Kosten der Aufnahme Geflüchteter (Profits
Through Integration: Professional Qualification and the Pace of
Integration Determine the Long-term Fiscal Costs of Receiving 
Refugees), Heinrich Böll Foundation, Berlin.
 Additional information and Download:
 http://www.zew.de/en/publikationen/8387

For current publications, please visit:
http://www.zew.de/en/publications 

(*) 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

Contribution to the Revision of the Oslo Manual
 http://www.zew.de/en/projects/1557

Evaluation of the Federal Programme "Social Inclusion into the Labour
Market"
 http://www.zew.de/en/projects/1559

Changing Tasks and the Demand for Further Education in the Digital
Transformation
 http://www.zew.de/en/projects/1560

For current projects, please visit:
http://www.zew.de/en/forschung/projekte 



7. EVENTS

7.1. Public Events

15.06.2016
ZEW Lunch Debates:
The Capital Markets Union - Possible Without the Banking and the
Fiscal Union?
Speaker: Natacha Valla, PhD (CEPII - leading French think
tank in international economics), Niall Bohan (European Commission,
DG Financial Stability Financial Services and Capital Markets Union
(FISMA)), Rolf Strauch, PhD (European Stability Mechanism (ESM)),
Prof. Dr. Sascha Steffen (ZEW)
Presentation: Laura Noonan (Financial Times London)
Location: Representation of the State of Baden-Württemberg to the
European Union, Rue Belliard 60-62, B-1040 Brussels
 Additional information:
 http://www.zew.de/en/events/2353 

7.2. Scientific Events

03.05.2016
ZEW Research Seminar:
Investment in Europe: Making the Best of the Juncker Plan
Speaker: Eulalia Rubio, PhD (Jacques Delors Institute, Paris),
David Rinaldi, PhD (Jacques Delors Institute, Paris)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2390

04.05.2016
ZEW Research Seminar:
International Finance - Calibration of an Agent-Based Model of the
Financial System
Speaker: Frank Brückbauer (ZEW)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2313

06.05.2016
ZEW Research Seminar:
Economic Viability of a Geothermal Heating Pump System in Austria
Speaker: Tara Esterl (Austrian Institute of Technology, Vienna) 
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2394

11.05.2016
ZEW Research Seminar:
International Finance - Lender of Last Resort versus Buyer of Last
Resort: Evidence from European Sovereign Debt Crisis
Speaker: Diane Pierret (HEC Lausanne)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2315

12.05.2016
Mannheim Competition Policy Forum:
Online Platforms and Digital Markets - Update on the Antitrust
Enforcement Landscape
Speaker: Dr. Cristina Caffarra (Charles River Associates)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2363

12.05.2016
ZEW Research Seminar:
Who Creates Jobs? Econometric Modeling and Evidence for Austrian Firm
Level Data
Speaker: Prof. Dr. Harald Oberhofer (Vienna University of Economics
and Business)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2380

12.05.2016
ZEW Lecture on Economic Policy:
Equalizing Transfers - Source of (In)Stability in Federations 
Speaker: Prof. Dr. Marko Köthebürger (ETH Zurich)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2396

18.05.2016
ZEW Research Seminar:
International Finance - Fee-only Advice
Speaker: Benjamin Loos (University of Mannheim)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2320

19.-20.05.2016
Conference:
Fifth Mannheim Energy Conference 2016
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2285

20.-21.05.2016
Conference:
Ubiquitous Working - Challenges and Prospects of the Interconnected
Working Environment
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2341

25.05.2016
ZEW Research Seminar:
International Finance - The Human Factor in Credit Monitoring:
Evidence from Personal Bank Interventions
Speaker: Jenny Pirschel (Goethe University Frankfurt)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2351

01.06.2016
ZEW Research Seminar:
International Finance - Does Numeracy Affect on-the-job Decisions?
Evidence From Loan Officers
Speaker: Karolin Kirschenmann (ZEW)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2322

02.06.2016
ZEW Lectures on Economic Policy:
Inheritance and Wealth Inequality
Speaker: Prof. Daniel Waldenström, PhD (University of Uppsala)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2382

03. - 04.06.2016
Conference:
14th ZEW Conference on The Economics of Information and Communication
Technologies
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2266

06. - 07.06.2016
Conference:
Third International ZEW Conference on the Dynamics of Entrepreneurship
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2330

09.06.2016
ZEW Research Seminar:
The Supply of Skills and Endogenous Technical Change: Evidence From a
College Expansion Reform
Speaker: Prof. Kai Liu (University of Cambridge)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2392

13. - 15.06.2016
Conference:
ZEW/NBER Trans-Atlantic Public Economics Seminar
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2055

21.06.2016
ZEW Research Seminar:
Beyond Routine – Routine vs. Dynamic Labour Capacity, or: On the
Limits of the Task-Based Approach
Speaker: Prof. Dr. Sabine Pfeiffer (University of Hohenheim)
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2387

21.06.2016
Conference:
MaTax Tax Law Conference 2016
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2345

30.06. - 01.07.2016
Workshop:
From Europe to China - Exploring New Frontiers in Economics of
Innovation and Entrepreneurship
Location: ZEW, Mannheim
 Additional information:
 http://www.zew.de/en/events/2369

For current events, please visit:
http://www.zew.de/en/events 


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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-Württemberg
Executive Directors: Prof. Dr. Clemens Fuest, Thomas Kohl

Editor: Yvonne Bräutigam, yvonne.braeutigam@zew.de 
E-mail: newsletter-en@zew.de 
Editorial assistants: Julia Glashauser, Sarah Tiedemann,
Constanze Adler

Responsibility: Gunter Grittmann, grittmann@zew.de 

Legal note: http://www.zew.de/en/impressum/ 

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