Welcome at ZEW

Alexander Spermann

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1. Our president is in Wiesbaden

• He apologizes• Annual Report of the Council of

Economic Advisers – close to the deadline

• He wishes us a successful conference

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2. Thanks

• German Research Foundation for partially funding

• Andrea (secretary) and student helpers (Andrea, Tim)

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3. About ZEW

• 129 employees, 85 economists with average age: 31 years

• 5 departments

• Labour Market Department: 17 economists, 40% females, 60% post-graduates

• Budget: 50% state financed, 50% funded or commissioned projects

• 2005: Member of the so-called “Blue list” This means that state and federal taxpayers will finance half of the budget

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4. Important organizational details

• First of all: Pictures for ZEW-News (Erich Dichiser)

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Lunch Break: ZEW Euro Bistro

• Please take a tray • Choose whatever you want: Just look,

what they offer• Please show the cashier what you

chose: Don’t pay• Good appetite!

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Train station: Departure 7:07 p.m.Track 10 a

We bought a kind of “overall ticket” for all of you, just get in!

If you miss this train• Buy a ticket on your own• Next train: 7:37 p.m. to Heidelberg-Karlstor• Walk directly to the Restaurant (see map)

Evening I: Excursion to Heidelberg

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• Please pay on your own: credit card accepted

Return journey• Departure: 11:27 p.m. Heidelberg-Karlstor• If you want to leave earlier: Please buy a

ticket on your own.

In any case: Alexander’s cell phone0163-6235151

Evening II: Dinner in Heidelberg

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Reimbursementfor presenters and discussants:

Please pay on your own and send usthe reimbursement form with all documents as soon as possible

Any questions?

Enjoy the conference!