Political decisions and trends regarding coal use for electricity generation developed differently in the UK and Germany, despite being subject to relatively similar climate protection targets and general political and economic conditions. The UK agreed on a coal phase-out by 2024. In Germany, a law schedules a coal phase-out by 2038 at the latest. This paper investigates reasons for the different ...
European governments are struggling to regain economic strength in the coronavirus pandemic as in many countries the number of new infections seems to gradually subside. Growth rates deep in the red call for a reconstruction programme when the crisis is finally manageable and economic activity can resume. Amidst this, there are again infl uential groups that claim “this is not the time to insist on strict ...
A well-planned electric transmission infrastructure is the foundation of a reliable and efficient power system, especially in the presence of large scale renewable generation. However, the current electricity market designs lack incentive mechanisms which can guarantee optimal transmission investments and ensure reliable integration of renewable generation such as wind. This paper first proposes a ...
We construct a novel database of monthly foreign exchange interventions for 49 countries over up to 22 years. We build on a text classification approach that extracts information about interventions from news articles and calibrate our procedure to data about actual interventions. Our new dataset allows us to document stylized facts about the use of foreign exchange interventions for countries that ...
Länger arbeiten, aber wie? Diese Frage treibt viele um, wenn es um eine Erhöhung des Renteneintrittsalters geht. Weiterbildung ist essenziell, um Beschäftigte und Unternehmen gleichermaßen fit zu machen für einen späteren Renteneintritt. Eine aktuelle Analyse zeigt anhand der Abschaffung der sogenannten Rente für Frauen im Jahr 1999, dass das kein Selbstlä...
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