This paper proposes a new procedure for shock identification of macroeconomic forecasts based on factor analysis. Our identification scheme for information shocks relies on data reduction techniques for daily panels and the recognition that macroeconomic releases exhibit a high level of...

The contribution of fluctuating wind and solar energy sources to the German electrical energy demand has increased from 12% up to 40% within the last 10 years and leads to higher infrastructure requirements due to the different spatiotemporal characteristics of wind and solar energy generation....

This paper starts by revisiting the true definition of money and identifies that electronic money is not a new concept. It explains the spectrum of money in the context of the past, present, and future and argues that technology can only enhance the way we deal with money and will never change...