The study's recommendations describe institutional elements in the context of electric power sector regulation and has the objective to increase the understanding of the interdependencies of the institutional elements. In future work, the study results might be employed for designing very...

Die Frage dieser Arbeit wird sein, wie eine striktere (bzw. strengere), aber nicht zwingend optimale Umweltpolitik sich auf Wachstum und Arbeitslosigkeit auswirkt. Eine striktere Umweltpolitik zeichnet sich durch eine geringere Umweltverschmutzung aus, da die Unternehmen zu umweltfreundlicherem...

We study the transmission of monetary shocks and monetary policy with a behavioral model, corrected for potential misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the central bank should react to movements in the...

We study the transmission of monetary shocks and monetary policy with a behavioral model, corrected for potential misspecification using the DSGE-VAR framework elaborated by DelNegro and Schorfheide (2004). In particular, we investigate if the central bank should react to movements in the...

Der Umbau des Energiesystems zu einer CO2-freien bzw. CO2-armen Energieerzeugung stellt die Energiewirtschaft vor ganz besondere technische, ökonomische und institutionelle Herausforderungen. Ein wichtiger Baustein in allen Entwürfen für eine Transformation des Energiesektors ist die...

The study’s recommendations describe institutional elements in the context of electric power sector regulation and has the objective to increase the understanding of the interdependencies of the institutional elements. In future work, the study results might be employed for designing very...

We study the contribution of money to business cycle fluctuations in the US, the UK, Japan, and the Euro area using a small scale structural monetary business cycle model. Constrained likelihood-based estimates of the parameters are provided and time instabilities analyzed. Real balances are...

We study the contribution of the stock of money to the macroeconomic outcomes of the 1990s in Japan using a small scale structural model. Likelihood-based estimates of the parameters are provided and time stabilities of the structural relationships analyzed. Real balances are statistically...