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Strategic action in the liberalised German electricity market
Lise, Wietze; Kemfert, Claudia; Tol, Richard S. J. - 2003
Nowadays, a process can be observed in Germany where electricity producing and trading firms react to the electricity market liberalisation by merging market shares, since the year 2000, which reduces the number of suppliers and influences production and consumer prices. This paper discusses...
Persistent link: https://www.econbiz.de/10011589477
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Strategic Action in the Liberalised German Electricity Market
Wietze, Lise; Kemfert, Claudia; Tol, Richard S. J. - 2003
Nowadays, a process can be observed in Germany where electricity producing and trading firms react to the electricity market liberalisation by merging market shares, since the year 2000, which reduces the number of suppliers and influences production and consumer prices. This paper discusses...
Persistent link: https://www.econbiz.de/10014088739
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Taylor Rules with Real-Time Data : A Tale of Two Countries and One Exchange Rate
Molodtsova, Tanya - 2019
Using real-time data that reflects information available to monetary authorities at the time they are formulating policy, we find that estimated Taylor rules based on revised and real-time data differ more for Germany than for the U.S., Taylor rules using real-time data suggest differences...
Persistent link: https://www.econbiz.de/10012893393
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Monetary Policy's Role in Exchange Rate Behavior
Faust, Jon; Rogers, John H. - 2000
While much empirical work has addressed the role of monetary policy shocks in exchange rate behavior, conclusions have been clouded by the lack of plausible identifying assumptions. We apply a recently developed inference procedure allowing us to relax dubious identifying assumptions. This work...
Persistent link: https://www.econbiz.de/10014154155
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Taylor Rules with Real-Time Data : A Tale of Two Countries and One Exchange Rate
Molodtsova, Tanya; Nikolsko‐Rzhevskyy, Alex; Papell, … - 2009
Using real-time data that reflects information available to monetary authorities at the time they are formulating policy, we find that estimated Taylor rules based on revised and real-time data differ more for Germany than for the U.S., Taylor rules using real-time data suggest differences...
Persistent link: https://www.econbiz.de/10014210331
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Optimistic, but not in control: Life-orientation and the theory of mixed control
Urbig, Diemo; Monsen, Erik - 2009
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one's life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or chance....
Persistent link: https://www.econbiz.de/10010266644
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Brokers and business cycles: Does financial market volatility cause real fluctuations?
Döpke, Jörg; Pierdzioch, Christian - 1998
This paper elaborates on the link between financial market volatility and real economic activity. Using monthly data for Germany from 1968 to 1998, we specify GARCH models to capture the variability of stock market prices, of the real exchange rate, and of a long-term and of a short-term rate of...
Persistent link: https://www.econbiz.de/10010275423
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Uncertainty about the war in Ukraine : measurement and effects on the German business cycle
Grebe, Moritz; Kandemir, Sinem; Tillmann, Peter - 2023
-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach … also allows us to separate this index into uncertainty about sanctions against Russia, energy policy and other dimensions …. We then estimate a VAR model with daily financial and macroeconomic data and identify an exogenous uncertainty shock. The …
Persistent link: https://www.econbiz.de/10014285114
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Uncertainty about the war in Ukraine : measurement and effects on the German business cycle
Grebe, Moritz; Kandemir, Sinem; Tillmann, Peter - 2023
-of-the-art methods of text analysis, we construct a daily index of uncertainty about the war as perceived by German Twitter. The approach … also allows us to separate this index into uncertainty about sanctions against Russia, energy policy and other dimensions …. We then estimate a VAR model with daily financial and macroeconomic data and identify an exogenous uncertainty shock. The …
Persistent link: https://www.econbiz.de/10014286314
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Ukrainekrieg : was sagen mehr als 8 Mio. Tweets?
Grebe, Moritz; Kandemir, Sinem; Tillmann, Peter - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 103 (2023) 7, pp. 500-502
toconstruct a daily index of uncertainty about the war. In an empirical model, we show that fluctuations in uncertainty have …
Persistent link: https://www.econbiz.de/10014322511