We assess the properties of currency value strategies based on real exchange rates. We find that real exchange rates have predictive power for the cross-section of currency excess returns. However, adjusting real exchange rates for key country-specific fundamentals (productivity, the quality of export goods, net foreign assets, and output gaps) better isolates information related to the currency risk ...
Sowohl beim Ausbau erneuerbarer Energien als auch im Bereich der Elektromobilität hat sich die Bundesregierung ambitionierte Ziele gesetzt. Im Kontext der Energiewende soll der Anteil fluktuierender erneuerbarer Energien an der Stromerzeugung weiter deutlich steigen. Dies erfordert tendenziell eine erhöhte Vorhaltung von Regelleistung. Gleichzeitig sinkt die Stromerzeugung aus thermischen Kraftwerken, ...
For the fifth time Graduate Center students will meet at Griebnitzsee for the annual Summer Workshop from June 27th to June 29th 2016. During the three-day workshop, GC13 and GC14 doctoral students present their current research.
In this article we argue that the current endeavors to achieve open access in scientific literature require a discussion about innovation in scholarly publishing and research infrastructure. Drawing on path dependence theory and addressing different open access (OA) models and recent political endeavors, we argue that academia is once again running the risk of outsourcing the organization of its c ...
Generous income support programs as provided by European welfare states have often been blamed to hamper employment. This paper investigates the importance of incentives inherent in the tax-benefit system for the individual decision to take up work. Using German microdata over the period 1993–2010, we find that recent reforms in Germany increased work incentives at the extensive margin measured by ...
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. Our workshop tackles these steps of your research project: Gathering data via (un)structured interviews and...
DIW Berlin forecast: GDP is expected to increase by 1.7 percent this year and 1.4 percent next year – consumer spending still a growth driver, but expanding with less momentum than before – global economy failing to gain traction – Brexit would significantly hinder growth According to the German Institute for Economic Research’s new summer forecast, the German economy—backed ...
