People across Germany are happier today than at any other point since German reunification According to a new analysis of data from the nationally representative, long-term Socio-Economic Panel (SOEP) study, people in both West and East Germany have been happier on average since 2015 than at any other point since German reunification (Figure 1). The substantial increase in life satisfaction from 1990 ...
Constrained transmission capacity in electricity networks may give generators the possibility to game the market by specifically causing congestion and thereby appropriating excessive rents. Investment in network capacity can ameliorate such behavior by reducing the potential for strategic behavior. However, modeling Nash equilibria between generators, which explicitly account for their impact on the ...
The world economy continues on its upward growth path, with global production expected to grow by 3.7 percent this year and slightly more than that in 2018. The economies in both the developed and the emerging countries are gaining momentum. Solid output growth is expected for the U.S. and euro area over the forecast period; China’s growth rates remain high, though they are declining somewhat; ...
The German economy's upward growth trend continues, with the economic output expected to increase by 1.4 percent this year with slightly overloaded capacities. Employment growth remains strong with the creation of 600,000 new jobs, which has in turn led to an increase in private consumption – one of the key growth drivers of the German economy. The higher inflation rates are dampening purchasing ...
Mr. Fichtner, will the German economy be able to maintain 2016’s growth momentum over the course of the current year? Although Germany’s economic growth will be a bit lower in 2017, this is primarily due to the fact that there are fewer workdays this year than there were last year – and not because the economy is running out of steam. Another factor is the recent sharp increase in ...
Starting from a low level, in recent years the battery-supported self-consumption of solar electricity (solar prosumage) has grown significantly in Germany. Its growth is primarily due to the opposing trends in household electricity prices and feed-in tariffs in conjunction with government incentives for battery storage. Various benefits of solar prosumage speak to its positive potential in the German ...
