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DIW Discussion Papers 1566 / 2016
This article proposes a new electricity storage business model based on multiple simultaneously considered revenue streams, which can be attributed to different market activities and players. These players thus share electricity storage resources and compete to obtain the right to use them in a dynamic allocation mechanism. It is based on the design of anew periodically organized auction to allocate ...
2016| Tom Brijs, Daniel Huppmann, Sauleh Siddiqui, Ronnie Belmans
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DIW Discussion Papers 1565 / 2016
The Italian white certificate scheme is the main national policy instrument to incentivise energy efficiency of the industrial sector. The mechanism sets binding energy-saving targets on electricity and gas distributors with at least 50,000 clients and includes a voluntary opt-in model for participation from other parties. This paper investigates and assesses the elements of the scheme that help overcome ...
2016| Jan Stede
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Press Release
Greater transparency of the national banks of the euro area would strengthen Eurosystem credibility. The allegation that the European Central Bank (ECB) is engaging in illegal monetary financing under the guise of ANFA (Agreement on Net Financial Assets) seems to be unfounded—there is simply no evidence for it, claims the German Institute for Economic Research (DIW Berlin) based on their ...
29.03.2016
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Interview
Dr. König, the Agreement on Net Financial Assets (ANFA) was drawn up to prevent conflict between the NCBs and the European Central Bank (ECB) over monetary policy. What exactly is the background to this agreement?
ANFA limits the national central banks’ purchases of financial assets and securities in order to ensure effective implementation of the single monetary policy in the euro area. [...]
The ...
29.03.2016
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SOEPpapers 827 / 2016
Estimating nonlinear effects of continuous covariates by penalized splines is well established for regressions with cross-sectional data as well as for panel data regressions with random effects. Penalized splines are particularly advantageous since they enable both the estimation of unknown nonlinear covariate effects and inferential statements about these effects. The latter are based, for example, ...
2016| Peter Pütz, Thomas Kneib
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Video
In the latest Spotlight, DIW President Marcel Fratzscher explains why helicopter money offers the possibility to “circumvent” the banking system and make loans and funding directly available to households and private companies, which would help the ECB to fulfill their price stability mandate again.
Video
21.04.2016
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Video
In the latest Spotlight, DIW President Marcel Fratzscher explains why helicopter money offers the possibility to “circumvent” the banking system and make loans and funding directly available to households and private companies, which would help the ECB to fulfill their price stability mandate again.
21.04.2016| Spotlight
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Refereed essays Web of Science
This paper shows that bank liquidity regulation may be a "double-edged sword." Under certain conditions, it may hamper, rather than strengthen, a bank’s resilience to financial stress. The reason is the existence of two opposing effects of liquidity regulation, a liquidity effect and a solvency effect. The liquidity effect arises because a bank mitigates its risk of illiquidity when it increases its ...
In:
International Journal of Central Banking
11 (2015), 4, S. 129-168
| Philipp König
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Berlin Applied Micro Seminar (BAMS)
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
14.12.2015| Stephan Seiler, Stanford Graduate School of Business
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SOEP Brown Bag Seminar
To assess the impact of changes the tax and transfer system (tax reductions and a controversial overhaul of the transfer system) and in wage rates on income inequality in Germany from 2002 to 2011, I simulate counterfactual income distributions and calculate marginal effects. Applying behavioral microsimulation and wage regressions to data from the Socio-Economic Panel (SOEP), I estimate marginal...
18.11.2015| Robin Jessen (Freie Universität Berlin)