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The Balance Sheet Effects of Oil Market Shocks: An Industry Level Analysis

The paper estimates the dynamic impact of structural oil market shocks on the balance sheet of US firms, using industry level data covering manufacturing, trade and mining sectors. For manufacturing firms, findings indicate that an unexpected disruption in oil supply that raises oil prices by 1% lowers firm profits by 1.3% on impact. On the other hand, profits rise by 0.39% in response to the same ...

Renewable Energy Policy in the Age of Falling Technology Costs

Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...

The impact of housing and land-use regulations on the formation of speculative house price bubbles: international evidence

This project raises the question of how rental housing market and land-use regulations affect the build-up of the speculative house price bubbles that often lead to financial system instability and deep recessions. The study focuses on the OECD countries. Specifically, the project examines the impact of the rent control, protection of tenants from eviction, housing rationing, and land-use...

Great Expectations? Germany's Recovery from the Great Depression, 1932-1936

The overarching objective of the project is to describe and analyse the evolution of expectations about key macroeconomic variables in Germany between 1932 and 1934 and use these insights to evaluate their significance for the German recovery from the Great Depression in a structural macroeconomic model. We aim to assemble qualitative and quantitative evidence about the evolution of expectations...

The impact of the financial and economic crisis on the diversity of private households' financial portfolios

The past 10 years since the 2008 Lehman bankruptcy have clearly shown that global economic and financial crises present major challenges not only to banks and businesses but also to private households, requiring them a high level of shock absorption capacity. Resilience of households also depends on the stability of their investment portfolios. Diversification is an important requirement for...

XPRESS

The general objective of XPRESS project (full title: Support for Public Procurements to facilitate the collaboration between SMEs and public sector for the development and adoption in renewables in regions) is to facilitate the introduction of innovative Renewable Energy Supply (RES) technologies and increase the share of renewable energy in the final energy consumption..DIW’s Berlin part ...

Linking Cap-and-Trade Systems

Linking cap-and-trade systems promises gains in cost effectiveness and signals a strong commitment to carbon policy. Linking is also seen as one possible way of converging from regional climate policy initiatives toward a global climate policy architecture. Two linked systems have been established recently, one in Europe and one in North America. However, linking also comes with challenges, such as ...

SOEP-Metafile.do – ein Stata-Do-File zur Generierung eines Metafiles zu den SOEP-Daten

Influence of regulation on financing conditions

The workshop discussed the effects of regulations, such as feed-in management and the 6-hour rule, on the financing conditions of investments in renewable energies. First, Eberhard Holstein (Digital Energy Solutions) gave an overview of historical and current developments in electricity market design and how these can influence financing. Then Daniel Hölder from the project developer baywa.re...

12th International Research Workshop “Methods for Ph.D.”

Empirical research is seeking through methodological processes to discover, hopefully, nontrivial facts and insights. Beside choosing a topic and grounding an idea in theory, empirical research consists of gathering and analysing data as well as presenting results in scientific contexts in order to contribute new issues to the body of acquired knowledge – not only to someone‘s own but...