Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate preference parameters of a representative consumer, for use in policy evaluation. Focusing on dynamic models with time-separable preferences, we show that aggregation holds if, and only if, momentary utility functions fall in the Identical-Shape Harmonic Absolute-Risk Aversion (ISHARA) utility class, ...
The Socio-Economic Panel (SOEP) is one of the largest and longest-running multidisciplinary household surveys worldwide. Every year, approximately 30,000 people in 20,000 households are interviewed for the SOEP study. The survey has been conducted since 1984. The SOEP is also a research-driven infrastructure based at DIW Berlin. The SOEP team prepares survey data for use by researchers around the...
DIW Berlin, EUI-Florence School of Regulation, Technical University Berlin, Universidad Autónoma de Madrid, University College London and Université Libre de Bruxelles are happy to announce a PhD Summer School on "Economic Foundations for Energy and Climate Policies". The Summer School will be held from 9th to 13th September 2019 at DIW Berlin. The main objective of the School is to ...
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 ...
