In this study, we report on the current state of the international market for crude oil. The market data we analyzed indicate that competition has intensified as a result of the now firmly-established shale oil extraction industry in the U.S. Model .
2017| Aleksandar Zaklan, Dawud Ansari, Claudia Kemfert
In Germany, attendance in early childhood education and care (ECEC) centers has soared in the last twenty years, making them a key context in which children learn. For children from migrant backgrounds who speak a foreign language at home, ...
The upswing of the German economy continues and since the beginning of 2017, even at a somewhat faster pace. Sharp gains in employment are still driving consumption. And companies are investing significantly more in machines and facilities. Many ...
2017| Ferdinand Fichtner, Karl Brenke, Marius Clemens, Simon Junker, Claus Michelsen, Thore Schlaak, Kristina van Deuverden
The global economy is expected to grow by four percent annually over the next two years. This is a slight increase in the German Institute for Economic Research forecast in comparison to that of the fall. The upswing will gain momentum in both ...
2017| Ferdinand Fichtner, Guido Baldi, Martin Bruns, Christian Dreger, Hella Engerer, Stefan Gebauer, Malte Rieth
2017| Ferdinand Fichtner, Dawud Ansari, Guido Baldi, Karl Brenke, Martin Bruns, Marius Clemens, Kristina van Deuverden, Christian Dreger, Hella Engerer, Marcel Fratzscher, Stefan Gebauer, Simon Junker, Claus Michelsen, Malte Rieth, Thore Schlaak, Aleksandar Zaklan
The European Central Bank is planning a gradual reduction of government bond purchases under the asset purchase program it initiated in 2015. The present study by the German Institute for Economic Research analyzes the potential macroeconomic ...
Public authorities spend large proportions of their GDP on goods and services and are therefore responsible for a significant share of embedded emissions. Given this large impact, governments have the responsibility of decarbonizing their purchases,
Calculations based on data from the Socio-Economic Panel (SOEP) show that after the introduction of a statutory minimum wage in Germany in January 2015, the wage growth of eligible employees with low wages accelerated significantly. Before the reform
2017| Patrick Burauel, Marco Caliendo, Alexandra Fedorets, Markus M. Grabka, Carsten Schröder, Jürgen Schupp, Linda Wittbrodt
The world needs to continue working to protect the climate—this is generally undisputed. However, there is no agreement on which technologies should be used to decarbonize the energy sector. Many international scenarios still assume a relevant role
2017| Claudia Kemfert, Thorsten Burandt, Karlo Hainsch, Konstantin Löffler, Pao-Yu Oei, Christian von Hirschhausen
The demographic change is posing many challenges for government budgets. In the face of a shrinking work force, keeping the number of workers and thus pension contributors at the highest possible level is a key economic policy goal. This could be ...
In recent years, German companies have invested more in research and development (R&D) abroad. After a prolonged plateau period, the proportion of investment abroad rose to around 35 percent; concurrently R&D expenditure in Germany has continued to .
Due to increasing shares of renewable energies in electricity production, the cost-effective system integration of these installations is becoming more and more important. Technologies and locations are viewed as system-friendly when they are more ..
In spring 2013, youth unemployment in the EU peaked and then declined sharply. Yet at least one in every six members of the economically active population between age 15 and 24 in the EU is still unemployed, and the unemployment rate among young ...
Central banks frequently intervene in foreign exchange markets. Using recognized criteria this report analyzes the probability of success in a data set of 4,500 intervention episodes in 33 countries. It is important to differentiate among exchange ..
2017| Lukas Menkhoff, Tobias Stöhr
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