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Modeling the Low-Carbon Transition of the European Energy System - a Quantitative Assessment of the Stranded Assets Problem

In this paper, multiple pathways for the European energy system until 2050 are computed, focusing on one of the major challenges of the low-carbon transition: the issue of unused capacities and stranded assets. Three different scenarios are analyzed, utilizing the Global Energy System Model (GENeSYS-MOD) for calculations. A major feature is the introduction of limited foresight and imperfect planning ...

Same, but Different? Testing Monetary Policy Shock Measures

In this study, we determine the reliability and exogeneity of four popular monetary policy shock measures, namely the narrative series of Romer and Romer (2004), the high-frequency series of Barakchian and Crowe (2013), the high-frequency series of Gertler and Karadi (2015), and the hybrid series of Miranda-Agrippino and Ricco (2018b). To this end, we employ the Proxy-SVAR model and different empirical ...

Boards of Major German Companies Are Gradually Changing: Editorial

Proportion of Women on Top-Decision Making Bodies of Large Companies Increasing, Except on Supervisory Boards in the Financial Sector

The share of women on executive boards of large companies in Germany has increased somewhat more strongly than in previous years. The top 200 companies reached the ten percent mark for the first time: women held 14 more board positions than in the previous year, 94 out of 907. Growth was also somewhat more dynamic on the executive boards of the largest listed companies and companies with government- ...

More Women on Supervisory Boards: Increasing Indications that the Effect of the Gender Quota Extends to Executive Boards

The statutory gender quota for supervisory boards is effective: the proportion of women on supervisory boards has increased over the past years, especially in the companies subject to the quota. But is the quota creating trickle-down effects for executive boards? As the second part of the DIW Berlin Women Executives Barometer, this report analyzes whether a relationship between the growth of the proportion ...

The Effects of Rent Control in Latin America: A Century of Regulations in Argentina

Following World War I, rent control became a standard policy response to the housing shortage and the resulting rent increases. Typically, economists blame it for creating inefficiencies in the housing market and beyond. We investigate whether rental market regulations (including rent control, protection of tenants from eviction, and housing rationing) had any effects in a middle-income Latin American ...

Monetary Policy and Household Deleveraging

This study investigates the interrelation between the household leverage cycle, collateral constraints, and monetary policy. Using data on the U.S. economy, we find that a contractionary monetary policy shock leads to a large and significant fall in economic activity during periods of household deleveraging. In contrast, monetary policy shocks only have insignificant effects during a household leveraging ...

Life Cycle Environmental Impacts of Electricity from Fossil Fuels in Chile over a Ten-Year Period

This study uses life cycle assessment to evaluate the environmental impacts of electricity generated from fossil fuels in Chile over a ten–year period, from 2004 to 2014. The focus on fossil fuels is highly relevant for Chile because around 60% of electricity currently comes from natural gas, coal and oil. The impacts are first considered at the level of individual technologies, followed by the evaluation ...

Wealth Changes and Their Impact on Subjective Well-Being

Besides income, wealth plays an important role for the economic situation as well as the satisfaction of persons. So far the relationship between income as a flow measure and subjective well-being (SWB) is widely described. However, research in the connection between wealth and subjective well-being is scarce. This is predominately due to a lack of adequate microdata. In this paper we make use of longitudinal ...

Joint Roles of Parenting and Nutritional Status for Child Development: Evidence from Rural Cambodia

Substantial work has demonstrated that early nutrition and home environments, including the degree to which children receive cognitive stimulation and emotional support from parents, play a profound role in influencing early childhood development. Yet, less work has documented the joint influences of parenting and nutritional status on child development among children in the preschool years living ...