In northern Europe, wind energy has become a dominate renewable energy source, due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators, which cannot be fully diminished by wind forecasts. In this paper we develop a stochastic electricity market model to analyze the impact ...
The paper analyzes the effects of changes to regulatory policy and to monetary policy on cross-border bank lending since the global financial crisis. Cross-border bank lending has decreased, and the home bias in the credit portfolio of banks has risen sharply, especially among banks in the euro area. Our results suggest that expansionary monetary policy in the source countries – as measured by the ...
All modern industrial societies attempt to ameliorate the consequences of work related health impairments on the earning capacity and economic well-being of their citizens. ln the United States is done both through transfer programs that replace lost earnings (Social Security Disability Insurance) or provide an income tested floor (Supplemental Security Income) and through employment centered programs ...
Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy
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...
