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10.02.2023
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Refereed essays Web of Science
Energy system models are used for policy decisions and technology designs. If not carefully used, models give implausible outputs and mislead decision-making. One implausible effect is “unintended storage cycling”, which is observable as simultaneous storage charging and discharging. Methods to remove such misleading effects exist, but are computationally inefficient and sometimes ineffective. Through ...
In:
iScience
26 (2023), 1, 105729, 19 S.
| Maximilian Parzen, Martin Kittel, Daniel Friedrich, Aristides Kiprakis
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Externe Monographien
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
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Refereed essays Web of Science
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
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Refereed essays Web of Science
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
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Refereed essays Web of Science
The energy transition requires substantial amounts of metals, including copper, nickel, cobalt, and lithium. Are these metals a bottleneck? We identify metal-specific demand shocks, estimate supply elasticities, and study the price impact of the transition in a structural scenario analysis. Prices of these four metals would reach previous historical peaks but for an unprecedented, sustained period ...
In:
Journal of the European Economic Association
22 (2024), 1, S. 200–229
| Lukas Boer, Andrea Pescatori, Martin Stuermer
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Diskussionspapiere 2036 / 2023
Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks or they consider a time-varying model and shock transmission. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and test for time-varying impulse responses in a model for the global crude oil market that includes ...
2023| Martin Bruns, Helmut Lütkepohl
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Diskussionspapiere 2033 / 2023
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
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Externe Monographien
Luxemburg:
EU,
2021,
XLI, 308 S.
| Paolo Buccirossi, Alessia Marrazzo, Livia Baccari, Karsten Neuhoff, Jörn C. Richstein, Olga Chiappinelli, Jan Stede, Ciara Barbu O'Connor, Michael Hofmann, Robert Klotz, Sean Ennis, Bryn Enstone, Hans W. Friederiszick, Ela Głowicka, Anselm Mattes, Jan Christopher Rönn, Arvid Viaene, Tomaso Duso, Joanna Piechucka, Jo Seldeslachts
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Diskussionspapiere 2041 / 2023
This paper provides a comprehensive evaluation of the world’s largest environmental tax reform. We compare carbon and air pollutant emissions of the German transport sector and synthetic counterfactuals following the 1999 eco-tax reform, and find average re- ductions in external damages of around 80 billion Euros. We further show that the eco-tax induced low-carbon innovation and document much stronger ...
2023| Pier Basaglia, Sophie Behr, Moritz A. Drupp