The heating sector accounts for a major part of Germanys energy consumption and carbon emissions. Both, renewable energy and power-to-heat, could help decarbonizing it. To analyse the impacts of power-to-heat and heat storage on power system development, a dynamic long-term power sector investment and dispatch model for Europe is extended to also include German individual and district heating. Findings ...
Part-time work has vastly expanded in most OECD labor markets during the last decades. At the same time, full- and part-time wages have grown increasingly apart, leading to a substantial raw part-time wage penalty. Using quantile regression methods, this paper analyses the female part-time wage gap across the wage distribution and over time (1990-2009), while controlling for sample selection into full- ...
We quantify the causal link between exchange rate movements and sovereign risk of 16 major emerging market economies (EMEs) by means of structural vector autoregressive models (SVARs) using data from 10/2004 through 12/2016. We apply a novel data based identification approach of the structural shocks that allows to account for the complex interrelations within the triad of exchange rates, sovereign ...
