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Refereed essays Web of Science
We provide an auction-theoretical analysis of Green Public Procurement (GPP) as a preferential program aimed at stimulating investment in green technologies. We find that GPP incentivizes more competitive firms to invest. We also show that GPP can be an optimal mechanism for a procurer who cares about minimizing the purchasing price while triggering green investment.
In:
Economics Letters
238 (2024),111705, 4 S.
| Olga Chiappinelli, Gyula Seres
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Diskussionspapiere 2102 / 2024
This paper analyzes the distribution and composition of pre-tax national income in Germany since 1992, combining personal income tax returns, household survey data, and national accounts. Inequality rose from the 1990s to the late 2000s due to falling labor incomes among the bottom 50% and rising incomes in the top 10%. This trend reversed after 2007 as labor incomes across the bottom 90% increased. ...
2024| Stefan Bach, Charlotte Bartels, Theresa Neef
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DIW Weekly Report 50/51/52 / 2024
The German economy is stuck in a difficult position as it faces both slow growth as well as structural change. The continuing lack of orders in manufacturing, increasing international competition, and sluggish development in industry-related services are now affecting the labor market and leading not only to short-time work but to layoffs too, despite the continuing skilled worker shortage. While GDP ...
2024| Geraldine Dany-Knedlik, Guido Baldi, Nina Maria Brehl, Hella Engerer, Angelina Hackmann, Pia Hüttl, Konstantin A. Kholodilin, Frederik Kurcz, Laura Pagenhardt, Jan-Christopher Scherer, Teresa Schildmann, Hannah Magdalena Seidl, Ruben Staffa, Kristin Trautmann
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DIW Weekly Report 47/48 / 2024
Road freight transport must switch to alternative drive technologies, such as battery-electric or hydrogen vehicles, to mitigate its impact on the climate. Preliminary results from an ongoing research project show that the fleet of battery-electric trucks as well as the number of models on offer have recently grown significantly, albeit from a very low level. This is not the case for hydrogen trucks. ...
2024| Wolf-Peter Schill, Julius Jöhrens, Dominik Räder, Hendrik Beeh, Josef Klingl, Markus Werner
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Diskussionspapiere 2105 / 2024
German history over the past 125 years has been turbulent. Marked by two world wars, revolutions and major regime changes, as well as a hyperinflation and three currency reforms, expropriations and territorial divisions, it comprises extreme shocks to study the role of historical events, taxation, asset price changes, portfolio heterogeneity in affecting the wealth distribution in the long run. Combining ...
2024| Thilo N. H. Albers, Charlotte Bartels, Moritz Schularick
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Diskussionspapiere 2100 / 2024
Using a data-driven approach to identify structural vector autoregressive models, we examine key factors influencing the US dollar exchange rate across eight advanced economies from 1980 to 2022. We find that shocks to inflation expectations, which are closely tied to unfunded government transfer payments, have a pronounced effect on the US dollar’s value. This underscores the fiscal dimension of exchange ...
2024| Kerstin Bernoth, Helmut Herwartz, Lasse Trienens
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DIW Weekly Report 46 / 2024
In light of rising oil and gas prices, investments in energy-efficient building renovation in Germany have risen recently in nominal terms. In 2023, around 72 billion euros were spent on the energy-efficient renovation of residential, public, and commercial buildings, about 12 billion more than in 2021. Nevertheless, investments declined by over six percent in price-adjusted terms, as construction ...
2024| Martin Gornig, Katrin Klarhöfer
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Other refereed articles
Entrepreneurs, creators of new firms, are a rare species. Even in innovation-driven economies, only 1–2% of the work force starts a business in any given year. Yet entrepreneurs, particularly innovative entrepreneurs, are vital to the competitiveness of the economy and may establish new jobs. The gains of entrepreneurship are only realized, however, if the business environment is receptive to innovation. ...
In:
IZA World of Labor
(2024), 8, 10 S.
| Alexander S. Kritikos
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Weitere externe Aufsätze
Climate policy aims to reduce emissions by redirecting investment from emission-intensive toward carbon-neutral assets. One key instrument, carbon pricing, guides investors and asset managers by lowering the return of fossil fuel-related assets. This chapter reviews three key mechanisms on how sustainable finance can support climate policy: first, providing investors with the necessary information ...
In:
Karen Wendt, Bernd Villhauer (Eds.) ,
Sustainable Wealth Management : Directing Capital Towards Sustainability
SpringerLink
S. 23-44
| Kai Lessmann, Franziska Schütze, Angelika von Dulong, Daniel Engler, Gunnar Gutsche, Achim Hagen, Christian Klein, Andrew McConnell, Oliver Schenker, Marie Theres von Schickfus, Boyan Yanovski
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Refereed essays Web of Science
This article investigates the impact of weather-related disasters on inflation in the euro area over the period 1996–2021. Using a panel structural vector autoregression approach, we explore whether weather-related disasters have a significant and persistent effect on inflation, as well as the role that demand-side and supply-side channels play as drivers of inflation. We also analyse the heterogeneous ...
In:
Journal of Banking & Finance
169 (2024), 107298, 13 S.
| John Beirne, Yannis Dafermos, Alexander Kriwoluzky, Nuobu Renzhi, Ulrich Volz, Jana Wittich