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The State-Dependent Trading Behavior of Banks in the Oil Futures Market

We study the state-dependent trading behavior of financial institutions in the oil futures market, using structural vector autoregressions with Markov switching in heteroskedasticity. We consider two states of the world: tranquil and turbulent. We decompose the observable time-varying price volatility during the period 2006M6–2016M5 into changes in the slopes of traders’ demand curves and into changes ...

The Seeds of Ideology: Historical Immigration and Political Preferences in the United States

COP26 statement on coal exit

As COP26 drew to a close earlier this month, almost 200 nations agreed to “phase down” coal power in the coming years. How this is done, for coal and other fossil fuels, will have implications for individuals and communities that depend on these resources for their livelihoods.  The case study conducted by DIW Berlin focuses on Germany and the efforts it has undertaken to support ...

COP26-Erklärung zum Kohleausstieg

Bei der COP26, die Anfang des Monats zu Ende ging, einigten sich fast 200 Staaten darauf, die Kohlekraft in den kommenden Jahren auslaufen zu lassen. Die Art und Weise, wie dies für Kohle und andere fossile Brennstoffe geschieht, wird Auswirkungen auf Einzelpersonen und Gemeinschaften haben, die für ihren Lebensunterhalt auf diese Ressourcen angewiesen sind. Die vom DIW Berlin durchgeführte ...

DIW-Ökonomin Claudia Kemfert: Die Ampelkoalition wird das 1,5-Grad-Ziel verfehlen

Der Koalitionsvertrag der künftigen Ampelregierung ist ein ambitioniertes Klimaschutzprogramm, analysiert Claudia Kemfert in einem Gastbeitrag für das RND. Trotzdem gehen die Pläne von SPD, Grünen und FDP aus Sicht der Energieökonomin nicht weit genug. Vor allem bei Ökostromausbau und in der Verkehrspolitik steht die Ampel laut Kemfert allenfalls auf Gelb. Der Gastbeitrag ...

Antitrust Policy and Innovation

Innovation has recently come to the attention of Antitrust Authorities, even though the effect of mergers on innovation is still hotly debated. I study how the activity of Antitrust Authorities impacts future innovation of merging firms. Exploiting a change in notification rules I build an event study comparing mergers notified to the authorities with non-notified ones. I develop a new methodology...

Infektionsrisiko mit SARS-CoV-2 von Beschäftigten in Gesundheitsberufen während der Pandemie: Ergebnisse einer bundesweiten seroepidemiologischen Studie

Overcoming Barriers to Service Access: Refugees’ Professional Support Service Utilization and the Impact of Human and Social Capital

After arriving in a new country, refugees are most often dependent on professional support to reestablish their livelihood. It is however well documented that refugees face barriers when seeking access to services aimed at facilitating their settlement and integration. This study examines refugees’ support service needs and their actual utilization and investigates the impact of social and human capital ...

Wohin mit dem ganzen Atommüll? : Animierte Grafik zur Endlagersuche

A 2050 Perspective on the Role for Carbon Capture and Storage in the European Power System and Industry Sector

Carbon Capture and Storage (CCS) might be a central technology to reach the decarbonisation goals of the European energy system. However, CCS deployment faces multiple economic, technological, and infrastructure challenges. Related literature tends to only focus on certain aspects of the CCS technology or to be limited to a particular sector perspective. In contrast, this paper presents a holistic ...