DEFINITION of 'Centre for European Economic Research'
A nonprofit economic research institution based in Germany involved in providing economic issues and policy advice to its clients with a main focus on the European economies. It covers a wide range of economic areas, including environmental research, public finance, international finance and labor issues among others.
BREAKING DOWN 'Centre for European Economic Research'
The Centre for European Economic Research is funded by the state of Baden-Württemberg and the German government as well the funds it receives through research projects. In Germany, the institution is referred to as Zentrum für Europäische Wirtschaftsforschung (ZEW) and is a limited liability company (LLC).