. This paper proposes a new estimator for non-stationary panel data models, a bandspectrum cointegration estimator. The … bandspectrum cointegration estimator uses first differenced data to avoid spurious results. Such estimates are, however, less … bandspectrum cointegration estimator is more efficient than common time domain estimators, for example VECM and OLS levels …

The effects of extreme weather events, such as heat waves and droughts are taken into account in both global and … extreme weather events, in particular, droughts and high temperatures, for the German power sector. Furthermore, we consider … droughts. We stress that increasing frequencies of such extreme weather events will aggravate the observed problem, especially …