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Analysis of Investments in Electricity Markets: Dissertation

The ongoing structural transformation of power systems calls for a fundamental overhaul of electricity infrastructure throughout all system components, be it power plants, grids, load management technologies, storage systems or other elements. In the light of the massive changes that the system is likely to undergo within the decades following 2012, it is interesting to study the drivers of investment ...

Inflation Expectations in the Euro Area No Longer Firmly Anchored - Monetary Policy Responses of the ECB

Although the European Central Bank (ECB) has been pursuing an expansionary monetary policy course for many years, inflation in the euro area remains extremely weak. Furthermore, as the present Wochenbericht clearly demonstrates, the inflation expectations in the euro area are no longer firmly anchored. Expectations are becoming increasingly decoupled from the ECB's inflation target which, in turn, ...

GC at the VfS Annual Conference in Hamburg

From September 7 to 10, DIW Graudate Center was well represented at Germany's biggest conference in economics - the annual conference of the German Economic Associaton (Verein für Socialpolitik) in Hamburg. GC Students Christian Krekel, Alexandra Avdeenko, Holger Lüthen, Daniel Huppmann, Alexander Zerrahn, Patricia Gallego-Granados and Michael Neumann presented their papers on a wide range ...

The Role of Financial Literacy and of Financial Education Interventions in Developing Countries

Financial literacy has received increased attention since the global financial crisis and the literature confirms that it is correlated with higher household well-being. In parallel, financial education programs have grown in popularity and an increasing number of countries are developing national financial education strategies and making more investments in related programs. However, the evidence ...

Joachim R. Frick Memorial Prize 2014 awarded

The Joachim R. Frick Memorial Prize honors the best paper and poster presented at the biennial SOEP User Conference. In 2014, the Joachim R. Frick Memorial Prize for the best paper went to Christoph Wunder, and the Joachim R. Frick Memorial Prize for the best poster went to Wouter Zwysen.Further information can be found here.

Felix Büchel Award 2014 presented

At this year's SOEP conference, the Felix Büchel Award was presented for the fifth time in the history of the SOEP. The Felix Büchel Award honors longtime SOEP users who have done important work with the SOEP data. In 2014, Jenny Hunt and Thomas Klein received the award.Further information on the 2014 Felix Büchel Award can be found here.

Market Power, Fuel Substitution and Infrastructure: A Large-Scale Equilibrium Model of Global Energy Markets

Assessing and quantifying the impacts of technological, economic, and policy shifts in the global energy system require large-scale numerical models. We propose a dynamic multi-fuel market equilibrium model that combines endogenous fuel substitution within demand sectors and in power generation, detailed infrastructure capacity constraints and investment, as well as strategic behaviour and market power ...

R&D Efficiency and Heterogeneity: A Latent Class Application for the OECD

Expenditures devoted to research and development (R&D) are scarce and thus need to be used as efficiently as possible given the financial constraints countries are facing. This article assesses the relative efficiency of R&D expenditures for 26 OECD member countries and two nonmember countries. As countries differ in their national innovation systems and states of economic development and industrialization, ...

The German Locomotive Has Become Europe's Liability

Sanctions Blowback