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 ...
DIW Berlin developed in the framework of a joint research project with Stanford University's Program on Energy and Sustainable Development PESD the model Coalmod-World. Coal is not only the dirtiest but also the most consumed of all fossil energy sources worldwide. This research project aimed at capturing the current state of the main coal markets in the world, namely the US, China, South Africa,...
This paper presents a revised version of the DIW Economic Barometer, the business cycle index of the German Institute for Economic Research (DIW Berlin). As in earlier versions, we put forward a factor model on a monthly frequency to filter the latent state of the aggregate economy. In the new version, the resulting business cycle factor is based on more than 300 variables. The main methodological ...
Two members of the RESOURCES team, Dr. Franziska Holz und Dr. Daniel Huppmann, paid their annual research visit to the cooperation partner in Trondheim (Norway). Together with Dr. Ruud Egging, Associate Professor at NTNU and Research Affiliate at DIW Berlin, the researchers of the research group resource markets have developed several numerical equilibrium models of international energy markets. The ...
DIW Berlin investigated the role of the Russian natural gas company Gazprom in the European natural gas market for The Greens / European Free Alliance in the European Parliament. One focus of the study was the importance of Gazprom in European infrastructure (pipelines, storage, LNG harbors) as well as in subsidiaries in the European Member States. The qualitative analysis was complemented by...
