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Electricity Market Design

The course in a tweet. This is an advanced course on electricity markets: forward, spot, balancing and retail. It is a course at the intersection of energy, economics and finance that focuses on public policy and regulation: how should power markets be designed with security of supply and social welfare in mind? The significance of electricity markets & trading. Electricity markets and the...

Empirical Methods for Business-Cycle Analysis

This course aims to bring participants to the research frontier on how to estimate the causal effects of macroeconomic shocks, with a particular focus on monetary and fiscal policy. We will discuss how to: plausibly identify those shocks; best estimate their causal effects in finite samples; and finally use those shock causal effects for macroeconomic policy evaluation. The analysis throughout...

Bayesian Approaches to the Analysis of Panel Data

This course provides a self-contained introduction to Bayesian analysis of panel data models. We will start with an introduction to Bayesian inference, covering the basic building blocks, which involve inference in a heteroskedastic linear regression model and Gibbs sampling to generate draws from the posterior distribution. Moreover, we will consider nonparametric inference. We then proceed with...

Effects of Shocks in Nonlinear and Non-Gaussian Environments

What this course is about: The study of nonlinearities permeates modern macroeconomics.This course will introduce tools to estimate the possibly nonlinear effects of various (possibly non-Gaussian) economic shocks. The tools/models we will cover come in two classes: 1. Models where nonlinearities and non-Gaussianity help to identify shocks2. Models where identification assumptions (such as...

Attitudes to Income Inequality: Experimental and Survey Evidence

What this course is about: These are many ways to analyse individual well-being. We will start from the traditional approach followed in the Social Sciences based on command over economic resources and discuss the individual attitudes towards an unequal distribution of resources. We will then enrich this traditional approach with insights from Biology looking at variables related to DNA...

Empirical Industrial Organization Methodologies: Beyond IO Classical Applications

Demand estimation and binary choice econometric models have long been central to the study of Industrial Organization, helping researchers and policymakers understand consumer preferences, market power, and competitive dynamics. These models allow for the estimation of demand elasticities and price markups. However, their applications have expanded far beyond this traditional domain, finding...

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Selektive Steuerpolitik vergrößert Ungleichheit in Deutschland weiter

Anlässlich der Ergebnisse der neuesten Steuerschätzung äußert sich Marcel Fratzscher, Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin), wie folgt:

The Political Economy of
Emigration and Immigration

International migration emerges as an important driver of globalization since migrants play a salient role in diffusing international norms and practices across borders. Through a variety of channels migrants are capable of encouraging democratic behavior back in their countries of origin. On the other hand, immigration is commonly at the forefront of political debates in hosting economies of...

Praktizierte Verfahren der Konjunkturbereinigung: Forschungsprojekt im Auftrag des Bundesministeriums der Finanzen