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Diskussionspapiere 1892 / 2020
This paper discusses the potential role of fossil natural gas (and other gases) in the process of the energy transformation in Europe on its way to complete decarbonization. Mainstream conventional wisdom has it that natural gas, perhaps in combination with other gases, should maintain an important role in the energy mix, first, as a “bridge fuel”, and then through a gradual transition toward decarbonized ...
2020| Christian von Hirschhausen, Claudia Kemfert, Fabian Praeger
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Diskussionspapiere 1891 / 2020
Effective attention to information may play a prominent role in consumer choice for energy-intensive services and it may simply be a function of receiving timely information when consumption takes place. This paper investigates whether and why the timing of utility bills leads to salience bias in heat energy consumption. In Germany, the 12-month billing period varies across buildings with a significant ...
2020| Puja Singhal
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Externe referierte Aufsätze
Reductions in the cost of PV and batteries encourage households to invest in PV battery prosumage. We explore the implications for the rest of the power sector by applying two open-source techno-economic models to scenarios in Western Australia for the year 2030. Household PV capacity generally substitutes utility PV, but slightly less so as additional household batteries are installed. Wind power ...
In:
Applied Energy
276 (2020), 115466, 14 S.
| Kelvin Say, Wolf-Peter Schill, Michele John
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Externe referierte Aufsätze
We study the characteristics of inflation targeting as a shock absorber, using quarterly data for a large panel of countries. To overcome an endogeneity problem between monetary regimes and the likelihood of crises, we propose to study large natural disasters. We find that inflation targeting improves macroeconomic performance following such exogenous shocks. It lowers inflation, raises output growth, ...
In:
Journal of International Economics
123 (2020), 103308, 16 S.
| Marcel Fratzscher, Christoph Große Steffen, Malte Rieth
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Diskussionspapiere 1885 / 2020
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. ...
2020| Fabian Stöckl, Alexander Zerrahn
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Diskussionspapiere 1886 / 2020
When analyzing potential ways to counter climate change, standard models of green growth abstract from investment in substitutability between “clean” and “dirty” energy inputs. Instead, they rely on the assumption that efficiency with respect to fossil fuels can be increased perpetually. However, this is not in line with observed firm investment behavior and the limits to efficiency imposed by thermodynamic ...
2020| Fabian Stöckl
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Diskussionspapiere 1910 / 2020
A range of studies has analysed how climate-related risks can impact financial markets, focusing on equity and corporate bond holdings. This article takes a closer look at transition risks and opportunities in residential mortgages. Mortgage loans are important from a financial perspective due to their large share in banks’ assets and their long credit lifetime, and from a climate perspective due to ...
2020| Franziska Schütze
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Externe referierte Aufsätze
All 193 UN member states have pledged to achieve 17 Sustainable Development Goals (SDGs), following the guiding principle to leave no one behind. At the same time, rising populist movements increasingly influence the political debate in many countries by challenging multilateral cooperation and liberal democracy. This paper contains the first empirical study of the relationship between the SDGs and ...
In:
Ecological Economics
176 (2020), 106723
| Christian Kroll, Vera Zipperer
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Externe referierte Aufsätze
As COVID-19 spreads worldwide, governments have been implementing a wide range of measures to contain it, from movement restrictions to economy-wide shutdowns. Understanding their impacts is essential to support better policies for countries still experiencing outbreaks or in case of emergence of subsequent pandemic waves. Here we show that the cumulative decline in electricity consumption within the ...
In:
iScience
23 (2020), 10, 101639, 29 S.
| Javier López Prol, Sungmin O
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Vierteljahrshefte zur Wirtschaftsforschung 3 / 2020
In diesem Artikel diskutieren wir die Notwendigkeit von Industriepolitik und die Rolle der Entwicklungsbanken für wirtschaftliche Entwicklung. Der Aufholprozess der Länder des globalen Südens auf das Produktivitätsniveau und den Lebensstandard des globalen Nordens ist die Ausnahme. Dafür gibt es im Wesentlichen zwei ökonomische Erklärungen. Erstens werden die Entwicklungsländer zu Low-Tech- und arbeitsintensiven ...
2020| Petra Dünhaupt, Hansjörg Herr