A vast academic literature illustrates that voter turnout is affected by the institutional design of elections (e.g., compulsory voting, electoral system, postal or Sunday voting). In this article, we exploit a simple Downsian theoretical framework to argue that the institutional framework of public good provision—and, in particular, the distribution of political and administrative competences across ...
This paper investigates the usefulness of the money demand relationship in times of unconventional monetary policies by cointegration methods. In contrast to the bulk of the literature, evidence in favour of a stable long run money demand function is presented both for the US and the euro area. Results are based on standard monetary aggregates, i.e. MZM for the US and M3 in case of the euro area. The ...
Unemployment affects the mental health of partners almost as much as that of the unemployed person. The impact on mental health does not depend on which partner is unemployed: both women and men suffer from their partner being unemployed. These are the findings of a study conducted by DIW Berlin on the basis of data from the Socio-Economic Panel Study (SOEP) which looked at couples affected by unemployment ...
Supply security in imperfect power markets is modelled under different market designs. In a uniform price auction for electricity with two firms, strategic behaviour may leave firms offering too few capacities and unable to supply all realized demand. Market design that relies on capacity markets increases available generation capacities for sufficiently high capacity prices and consequently decreases ...
Natural gas makes a major contribution to European energy supply. Consequently, the political crisis between Russia and Ukraine increases fears of the consequences of Russia suspending natural gas supplies to Ukraine and the European Union. The last time this occurred was in the winter of 2009, as Russia and Ukraine disputed the price of natural gas and transit costs. However, the European Union has ...
BAMS is a joint seminar by the DIW Berlin, the Hertie School of Governance, the HU Berlin and the WZB.
