We are pleased to inform you that representatives from the International Monetary Fund (IMF) will visit the DIW Berlin to present the IMF Economist Program (EP) — an entry program for young economists who wish to pursue an international career in economic policy and research. The IMF Economist Program is designed for talented economists who are close to completing or have recently completed a PhD...
On October 7th, 2025, the Future Power Markets Platform (Karsten Neuhoff) and Future Power Markets Forum (Benjamin Hobbs) jointly organized a webinar, to get first-hand insights on how locational price risks are hedged in North American electricity markets. The first part of the webinar – input presentations from each of the experts – is included in this recording.
Stock market participation among working household heads jumped upwards in 2020 - in Germany by about 25 %. A major cause is the required use of work from home (WfH). We show this by adding WfH to a large set of explanatory variables. Moreover, we implement an instrumental variables estimation based on industry-specific levels of WfH-capacity. The transmission channels seem to work via increased available ...
The ongoing expansion of wind and solar electricity generation alongside increasing electrification is leading to a considerable strain on transmission capacities and grid bottlenecks in the EU. Coping with this challenge requires increasing system flexibility, e.g. by exploiting the potential for demand-side flexibility. However, in the current market design, demand-side flexibility responds to zonal ...
Fellows of Climate Policy Department The Climate Policy Department collaborates with a wide range of universities, research institutes and other organisations both in Germany and abroad. Research Cooperation Climate Policy
Becoming a German citizen marks a key step in the integration process of immigrants. An analysis of data from the Socio-Economic Panel (SOEP) shows that more and more refugees from six main countries who came to Germany between 2013 and 2019 were already naturalized or had applied to naturalize. The share of immigrants who had already naturalized increased from 2.1 percent in 2021 to 7.5 percent in ...
This paper explores the presence of an environmental, social, and governance (ESG) premium for firms operating in the energy, utilities, and basic materials sectors. Specifically, we examine the influence of ESG performance on firms’ cost of capital in both debt and equity markets. We apply a measure of the ex ante implied cost of equity and the cost of debt to a global sample of over 24,000 firm-year ...
