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Environmental policy and the macroeconomy under shallow-lake dynamics
Heijdra, Ben J.; Heijnen, Pim - 2009
We study the environmental and economic effects of public abatement in the presence of multiple stable steady-state ecological equilibria. Under shallow-lake dynamics (SLD), the isocline for the stock of pollution features two stable branches, a good and a bad one. Assuming that the ecology is...
Persistent link: https://www.econbiz.de/10003910506
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Green skills
Vona, Francesco; Marin, Giovanni; Consoli, Davide; … - 2015
The catchword 'green skills' has been common parlance in policy circles for a while, yet there is little systematic empirical research to guide public intervention for meeting the demand for skills that will be needed to operate and develop green technology. The present paper proposes a...
Persistent link: https://www.econbiz.de/10010515476
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Climate change mitigation : how effective is green quantitative easing?
Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022
We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...
Persistent link: https://www.econbiz.de/10013285512
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The ECB's enhanced credit support : keynote address at the Univ. of Munich, 13 July 2009
Trichet, Jean-Claude - 2009
Persistent link: https://www.econbiz.de/10003897431
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Monetary policy transmission and house prices : European cross-country evidence
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
This paper explores the importance of housing and mortgage market heterogeneity in 12 European countries for the transmission of monetary policy. We use a panel VAR model which is estimated over the period 19952006 to generate impulse responses of key macroeconomic variables to a monetary policy...
Persistent link: https://www.econbiz.de/10003872444
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Does central bank communication really lead to better forecasts of policy decisions? : new evidence based on a Taylor rule model for the ECB
Sturm, Jan-Egbert; Haan, Jakob de - 2009
Nowadays, it is widely believed that greater disclosure and clarity over policy may lead to greater predictability of central bank actions. We examine whether communication by the European Central Bank (ECB) adds information compared to the information provided by a Taylor rule model in which...
Persistent link: https://www.econbiz.de/10003872830
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Does money matter in the ECB strategy? : New evidence based on ECB communication
Berger, Helge (contributor); Haan, Jakob de (contributor);  … - 2006
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...
Persistent link: https://www.econbiz.de/10003300988
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Meta-analysis of the business cycle correlation between the euro area and the CEECs
Fidrmuc, Jarko (contributor); Korhonen, Iikka (contributor) - 2006
countries (CEECs), a topic that has gained attention as the newest EU members approach monetary union. Our meta-analysis of 35 …
Persistent link: https://www.econbiz.de/10003301362
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The positive border effect of EU integration
Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van; … - 2011
, regions, or countries. The enlargement of the EU or the introduction of the euro, however, can be looked upon as integration … that go along with EU integration along the border. Both at the urban and regional level, we find a beneficial influence of … the EU integration process as measured by the growth in population share along the integration borders, leading to an …
Persistent link: https://www.econbiz.de/10009009598
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Self-fulfilling crises in the Eurozone : an empirical test
De Grauwe, Paul; Ji, Yuemei - 2012
Persistent link: https://www.econbiz.de/10009575314