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572 results, from 11
  • Refereed essays Web of Science

    Have the Effects of Shocks to Oil Price Expectations Changed? Evidence from Heteroskedastic Proxy Vector Autoregressions

    Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks and possibly allow for heteroskedasticity by using robust inference procedures. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and explicitly consider the possibility of time-varying shock transmission due ...

    In: Economics Letters 233 (2023), 111416, 5 S. | Martin Bruns, Helmut Lütkepohl
  • Externe Monographien

    Understanding the Impact of Education and Environmental Policy on Human Capital Formation

    In dieser Dissertation werden verschiedene Möglichkeiten analysiert, wie politische Entscheidungsträger die Bildung von Humankapital und die Entstehung von Ungleichheiten in diesem Bereich beeinflussen können. Sie besteht aus vier in sich abgeschlossenen empirischen Forschungsarbeiten, die jeweils einen Beitrag zur bildungsökonomischen Analyse der Bildung von Humankapital leisten. Unter Berücksichtigung ...

    Berlin: Freie Universität Berlin, 2023, XXII, 219 S. | Laura Schmitz
  • Refereed essays Web of Science

    Policy Complementarity and the Paradox of Carbon Pricing

    We present an economics framework appropriate to the exceptionally broad scope of the climate change problem. This considers that economic and social processes, particularly those involved in purposive transitions of energy technologies and systems, involve the interplay between three distinct domains of decision-making and associated actors. The first concerns small-scale and often short-term decision-making, ...

    In: Oxford Review of Economic Policy 39 (2023), 4, S. 711-730 | Michael Grubb, Alexandra Poncia, Paul Drummond, Karsten Neuhoff, Jean-Charles Hourcade
  • Refereed essays Web of Science

    The Price of Natural Gas Dependency: Price Shocks, Inequality, and Public Policy

    The 2022 natural gas price spikes across Europe raised concerns regarding their distributional consequences. This paper investigates the distributional effect of price increases between and, in particular, within different income groups in Germany, accounting for different determinants of gas expenditures. The study finds that low-income households are affected the most by the gas price increase. Low-income ...

    In: Energy Policy 175 (2023), 113472, 17 S. | Mats Kröger, Maximlian Longmuir, Karsten Neuhoff, Franziska Schütze
  • Refereed essays Web of Science

    Replacing Gas Boilers with Heat Pumps Is the Fastest Way to Cut German Gas Consumption

    The supply security of fossil gas has been disrupted by the Russo-Ukrainian War. Decisions to relocate the production and transport of gas have become so urgent that new long-term contracts are imminent that undermine the Paris Climate Agreement. Here, we simulate how quickly the addition of renewable electricity and the installation of heat pumps can substitute enough gas to reduce supply risk, while ...

    In: Communications Earth & Environment 4 (2023), 56, 8 S. | Pietro P. Altermatt, Jens Clausen, Heiko Brendel, Christian Breyer, Christoph Gerhards, Claudia Kemfert, Urban Weber, Matthew Wright
  • Diskussionspapiere 2033 / 2023

    The Energy-Price Channel of (European) Monetary Policy

    This study examines whether central banks can combat inflation that is caused by rising energy prices. By using a high-frequency event study and a Structural Vector Autoregression, we find evidence that the European Central Bank (ECB) and the Federal Reserve (Fed) are capable of doing so by affecting domestic and global energy prices. This “energy-price channel” of monetary policy plays an important ...

    2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
  • DIW Weekly Report 8 / 2023

    And Yet They Move: Energy Prices Fall When Key Interest Rates Increase, Despite Countervailing Effects

    Energy prices have risen sharply as a result of the coronavirus pandemic as well as the Russian attack on Ukraine in February 2022. The resulting consumer price inflation is forcing the European Central Bank (ECB) to act in accordance with its mandate. However, the ECB expresses doubts that it will be able to have an impact on the price increases. As this Weekly Report based on an analysis of structural ...

    2023| Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
  • Externe Monographien

    The Political Economy of Carbon Pricing: Modeling and Empirical Assessment of Carbon Pricing Policies

    Berlin: Humboldt-Universität Berlin, 2023, XXV, 241 S. | Mariza Montes de Oca Leon
  • DIW Weekly Report 38/39 / 2023

    Broad Electricity Price Subsidies for Industry Are Not a Suitable Relief Instrument

    The sharp rise in electricity prices has led to a discussion on possible subsidies for companies in the form of an industrial power tariff. The subsidies should help companies remain internationally competitive and prevent them from relocating overseas. Although German electricity prices for (industrial) firms are around the European average due to many tax exemptions, they are significantly higher ...

    2023| Lea Bernhardt, Tomaso Duso, Robin Sogalla, Alexander Schiersch
  • Refereed essays Web of Science

    Substituting Clean for Dirty Energy: A Bottom-Up Analysis

    We fit CES and VES production functions to data from a numerical bottom-up optimization model of electricity supply with clean and dirty inputs. This approach allows for studying high shares of clean energy not observable today and for isolating mechanisms that impact the elasticity of substitution between clean and dirty energy. Central results show that (i) dirty inputs are not essential for production. ...

    In: Journal of the Association of Environmental and Resource Economists 10 (2023), 3, S. 819-863 | Fabian Stöckl, Alexander Zerrahn
572 results, from 11
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