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Konferenz
Big data is transforming the world we live in. The instant availability of information impacts how individuals consume, how businesses thrive or fail, how society makes scientific discoveries, as well as how governments design and implement informed policies. At a pace and scale unanticipated 20 years ago, information technology is enabling consumers globally. Uncountable services make use of a...
17.06.2016
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DIW Berlin - Politikberatung kompakt 104 / 2015
2015| Pao-Yu Oei, Clemens Gerbaulet, Claudia Kemfert, Friedrich Kunz, Christian von Hirschhausen
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Diskussionspapiere 1544 / 2016
A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to assess the impact on trading volumes/liquidity, ...
2016| Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien, Philippe Vassilopoulos
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Diskussionspapiere 1270 / 2013
Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We apply a panel smooth transition regression model that allows for heterogeneity across time and space in spatial ...
2013| Katharina Pijnenburg
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FINESS Working Papers 7.4A / 2009
The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the inclusion of asset prices in the monetary policy rule can eventually limit speculative runs and negative effects ...
2009| Christian Dreger, Jürgen Wolters
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FINESS Working Papers 5.2 / 2010
This study investigates the impact of foreign bank penetration in Central and Eastern Europe on firm entry. We demonstrate that the acquisition of domestic banks by foreign investors has led to reduced firm creation, smaller average size of entrants and increased firm exit in opaque industries compared to transparent ones. At the same time, the entry of greenfield foreign banks spurred firm creation ...
2010| Olena Havrylchyk
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DIW Wochenbericht 37 / 2012
Wird ein Flughafen neu gebaut oder ausgeweitet, steigt die Lärmbelästigung im Umkreis erheblich. Die Preise für Wohnungen und Häuser, die unterhalb der Flugkorridore liegen, sinken in der Folge spürbar. Bereits die Erwartungen bezüglich der künftigen Lärmbelastung können zu deutlichen Preisrückgängen auf dem lokalen Immobilienmarkt führen. Diese Studie beziffert die Auswirkungen von Lärmerwartungen ...
2012| Andreas Mense, Konstantin A. Kholodilin
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DIW Wochenbericht 37 / 2012
2012
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Diskussionspapiere 1244 / 2012
In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding ...
2012| Andreas Mense, Konstantin A. Kholodilin
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Diskussionspapiere 1261 / 2012
The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the implementation in largely nationally dominated regulatory regimes. The paper develops three idealtype development scenarios and quantifies the technical-economic effects: i) the Status quo ...
2012| Jonas Egerer, Friedrich Kunz, Christian von Hirschhausen