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Research Areas of the Department

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 ...

Look through or Tighten? The ECB and Recurring Energy Supply Shocks: Study Requested by the ECON committee

This paper examines the factors that influence the persistence of inflation following energy price shocks. Although the current oil price shock is economically significant, it is less likely to generate persistent inflationary pressures than the energy crisis of 2022– 23, as European gas markets remain relatively stable. Nevertheless, elevated geopolitical uncertainty and households’ recent inflation ...

Price Environments and Residence-Duration Profiles in Residential Heating Expenditures: Evidence from Germany

Heating-expenditure profiles over a residential spell vary systematically with aggregate gas price environments. Using 30 years of German SOEP panel data with 16,055 residential spells among renter households, this paper estimates a negative cross-derivative of log heating and hot-water expenditures per square meter with respect to residence duration and the log gas price index (δ = -0.0045, ...

Quantitative Trade with Ships

This paper highlights an underexplored margin of heterogeneity that shapes resilience to disruptions in global shipping - the differential reliance of countries and sectors on specific categories of vessels. We combine US bills of lading records with ship registry and AIS-based port call data to document new stylized facts on vessel deployment, including switching patterns across ships, country specialization ...

An Advanced Reliability Reserve Incentivizes Flexibility Investments while Safeguarding the Electricity Market

To ensure security of supply in the power sector, many countries are considering capacity mechanisms. Simultaneously, the expansion of variable renewables increases the need for power sector flexibility, with promising options on the demand side. We analyze how a centralized capacity market and an advanced reliability reserve with a moderately high activation price affect demand-side flexibility investments ...

Quantitative Trade with Ships

This paper highlights an underexplored margin of heterogeneity that shapes resilience to disruptions in global shipping - the differential reliance of countries and sectors on specific categories of vessels. We combine US bills of lading records with ship registry and AIS-based port call data to document new stylized facts on vessel deployment, including switching patterns across ships, country specialization ...

Defending autonomy: Which industrial strategy for European technology leadership in defence and deterrence

With shifting geopolitical tectonics Europe is in urgent need to build autonomy in defence and deterrence. As military spending is increasing significantly, Germany and Europe need an industrial strategy that helps the continent build a stronger and more independent role in developing modern defence and dual use technologies, foster competition and innovation and expand European defence production...

Energy Price Shock Slows German Economy - Global Growth Remains Moderate

The German economy is failing to gain momentum after three weak years. At the turn of the year, a modest recovery appeared to be taking hold, driven primarily by domestic demand and private consumption. However, in addition to the structural problems already present, the German economy must now also contend with the consequences of the Iran War. The energy price shock has halted the recovery before ...

The Effects of Government Interventions on Housing Market: A Meta-Study of Empirical Literature

Housing markets are affected by a wide variety of factors. Among them, governmental regulations play an important role. Besides desired effects, all these policies exert a number of side effects, even offsetting the desired effects. In addition, different policies can cancel out each other. Therefore, it is important to be aware of the effects of individual policies and the composite effects resulting ...

SOEP-Core – 2025: Report of Survey Methodology and Fieldwork