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Designing Hedging Instruments for Locational Price Risks – Lessons from North American Financial Transmission Rights

Locational marginal pricing (LMP) provides efficient locational dispatch and investment signals but requires a complementary congestion hedging instrument to function effectively. This paper investigates how exposure to locational price differences is managed in North American nodal electricity markets through the implementation of financial transmission rights (FTRs). Drawing on insights from 15 industry ...

Steigende Preise, fallende Produktivität, höhere Mark-ups? – Analyse der Marktbedingungen in der Bauwirtschaft

Das Projekt untersucht die Entwicklung der Preisaufschläge im Bausektor vor dem Hintergrund der geplante staatliche Investitionsinitiative in Höhe von 500 Milliarden Euro und den strukturellen Fehlentwicklungen. So sind die Baupreise seit 2010 deutlich stärker gestiegen als die allgemeine Verbraucherpreise, während die Arbeitsproduktivität im selben Zeitraum signifikant zurückgegangen ist. Diese...

Increasing Prices, Declining Productivity, higher Markups? – Analysis of Market Conditions in the Construction Industry

The project examines the development of markups in the construction sector against the backdrop of existing strucutral issues and the planned public investment initiative amounting to €500 billion. Inter alia, construction prices have increased significantly more strongly than overall consumer prices since 2010, while labor productivity has declined markedly over the same period. This opposing...

Did Automatic Exchange of Information End Bank Secrecy? Evidence from Aggregate Administrative Data

This paper evaluates the scope and coverage of the Common Reporting Standard (CRS), an international automatic exchange of information regime intended to eliminate bank secrecy and reduce cross-border tax evasion. We obtain new, aggregated CRS data from 26 countries, covering roughly 30% of the global amount reported by the OECD for the year 2022. We first show that cross-border financial wealth continues ...

Government-Made House Price Bubbles? Austerity, Homeownership, Rental and Credit Liberalization Policies, and "Irrational Exuberance" on Housing Markets

Housing bubbles and crashes are catastrophic events for economies, implying the enormous destruction of housing wealth, the risk of financial defaults, construction unemployment, and business cycle downturns. This chapter investigates whether governmental housing policies can affect the propensity of economies to build up speculative house price bubbles. Specifically, we focus on rent and credit deregulation ...

Zeit für Europa beim IWF umzudenken

Wissenschaft ist Freiheit und Pflicht

Anlässlich des hundertjährigen Bestehens des Deutschen Instituts für Wirtschaftsforschung Berlin hielt Prof. Dr. Christian Drosten, Direktor des Instituts für Virologie, Charité Berlin, am 27. Mai 2025 im Langenbeck-Virchow-Haus in Berlin Mitte eine vielbeachtete Rede über die Verantwortung von Wissenschaft, genauer von Wissenschaftler*innen. Wissenschaftsfreiheit meine nicht die Freiheit zu Schweigen ...

Long- Term Care in Germany

This chapter provides an overview of the German long-term care insurance. We document care needs and wellbeing of the elderly population. Moreover, we provide a detailed description of the German long-term care institutions (sources of finance and types of benefits), the professional care work force, and informal caregivers. Finally, we document expenditures on long-term care and estimate the value ...

Energiebilanzen der Bundesrepublik Deutschland: Band II mit überarbeiteten Erläuterungen und erweiterten Auswertungstabellen

Publishing Fine-Grained Standardized Metadata: Lessons Learned from Three Research Data Centers

FAIRness of research data largely depends on the availability of rich and standardizedmetadata. While such metadata is commonly available at the study level, fine-grainedmetadata, especially for tabular scientific data, is often lacking (Wenzig/Han 2024). In aproject funded by KonsortSWD-NFDI4Society, three research data centers (SOEP, LIfBi,and DZHW) investigate what is required to convert existing ...