Die deutsche Wirtschaft kommt nach drei schwachen Jahren nicht recht in Fahrt. Zum Jahreswechsel hatte sich noch eine leichte Erholung abgezeichnet, die vor allem von der Binnenwirtschaft und dem privaten Konsum hätte getragen werden sollen. Doch neben den ohnehin vorhandenen strukturellen Problemen muss die deutsche Wirtschaft nun auch den Folgen des Iran-Kriegs Tribut zollen. Der Energiepreisschock ...
Der Rat der Europäischen Zentralbank (EZB) hat heute beschlossen, den Leitzins um 25 Basispunkte anzuheben. Dazu eine Einschätzung von Marcel Fratzscher, Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW Berlin):
Transformation of the Energy Industry Resource and Environmental Markets Transport Economics In the Department of Energy , Transport and Environment , there are two research areas " Transformation of the Energy Industry " and " Resource and Environmental Markets ". In addition , research is carried out on the topic of " transport ...
Extensive evidence suggests that war-related trauma negatively affects health, yet its long-term and transgenerational effects on psychological and physical adjustment remain poorly understood. This study examines whether individuals who experienced greater war exposure in early childhood—specifically variation in bombardment intensity across German municipalities during the Second World War—show lower, ...
Abstract: Electricity markets are increasingly shaped by uncertainty in residual demand due to renewable expansion. This weakens the disciplining role of forward markets and amplifies the potential for market power in spot pricing. Understanding this mechanism is essential for informed market design in the context of growing intermittency and structural transformation of energy systems.
This work presents a multi-stage stochastic optimization model to analyze price dynamics and reliability of supply in a 100% renewable power system. The stochastic framework captures uncertainty arising from the intermittency of weather-dependent renewable energy sources and compares three market design options for a future fully renewable German electricity market: an energy-only market without...
This paper identifies a risk-hedging mechanism we coin the "dirty self-hedge" and analyzes how it affects financing costs of green industrial investments. The dirty self-hedge occurs in basic materials production when exclusively conventional, emission-intensive producers can pass on input price shocks to final product prices. They thus have a natural hedge for their profit margins against input...
