We analyze the interactions between different renewable support schemes and the benefits of real-time pricing (RTP) using a stylized economic model with a detailed demand-side representation calibrated to the German market. We find that there are considerable differences between a market premium on energy and capacity regarding wholesale prices, support levies and market values, which are all related ...
The latest long-term projection of Germany’s population implies a clear trend: even though slight growth is expected over the next decade, a decline in the future is almost inevitable. Furthermore, an ageing society combined with a low fertility rate will lead to massive shrinkage of the working-age population. What are the social and economic consequences of these developments? Is a decline in economic ...
This paper adopts a VAR-GARCH approach to model the dynamic linkages between both the mean and the variance of macro news and commodity returns (Gold, Corn, Wheat, Soybeans, Silver, Platinum, Palladium, Copper, Aluminium and Crude Oil) over the period 01/01/2001-26/09/2014. The chosen specification also controls for the effect of the exchange rate. The results can be summarised as follows. Mean spillovers ...
The euro area continues to recover – emerging countries’ economies are faltering – public budget with surplus despite challenges posed by increasing number of refugees The German economy remains on track, even as things are getting rockier: The researchers at the German Institute for Economic Research (DIW Berlin) forecast a 1.8 percent increase in GDP for this year and a ...
Statistical Analysis in surveys is generally facing missing data. In longitudinal studies for some missing values there might be past or future data points available. The question arises how to successfully transform this advantage into improvedimputation strategies. In a simulation study the authors compare six combinations of cross‐sectional and longitudinal imputation strategies for German wealth ...
(with E. Argentesi, P. Buccirossi, R. Cervone, and A. Marrazzo)
Mr. Fichtner, the German economy has been in pretty good shape so far this year. Will the trend continue? The German economy is doing well overall, and prospects for the remainder of the year are also favorable. We expect to achieve a growth rate of just under two percent for the entire year and for the coming year, as well. This is already quite good for the German economy. [...] The interview ...
