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The proposal to amend Council Directive 2011/85/EU on the EU budgetary framework may result in changes in the role of … its infancy in Germany compared to other EU countries, there are some examples that show how green budgeting elements can … basis: a genuine green budgeting concept has not been developed. With the focus on green budgeting, the EU is starting to …
Persistent link: https://www.econbiz.de/10014477705
The economies of Central and Eastern Europe have inherited serious burdens of environmental pollution, while their economic scope for dealing with these is limited. The transition to the market economy offers chances for improvement, but it also brings new environmental problems. How will the...
Persistent link: https://www.econbiz.de/10011547373
The economic reforms taking place in Eastern Europe have in many respects an unfavourable influence on environmental protection. The adjustment of Eastern Europe to the environmental requirements of the European Union necessitates far-reaching changes in the very philosophy of transition,...
Persistent link: https://www.econbiz.de/10011548020
European governance is in a state of upheaval. Due to the impact of the coronaviruspandemic, the Russian war of aggression in Ukraine and the energy price crisis, Europeanfiscal policy has come under increasing pressure. In this complex situation, the EuropeanCommission considers a return to the...
Persistent link: https://www.econbiz.de/10014391538
The extraordinary measures taken by the ECB to combat the financial crisis have led many observers to question whether the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second (and potentially contradictory) goal alongside its...
Persistent link: https://www.econbiz.de/10010240658
Using a novel approach, this paper analyses the deliberately communicated uncertainty of the ECB to the market. Specifically, it semantically analyses the uncertainty expressed in official ECB press statements. The analysis shows how the ECB tries to alert or appease the market with different...
Persistent link: https://www.econbiz.de/10010190137
Applying a t-DCC-GARCH model to daily spread data, four phases of interaction in euro area sovereign bond markets are identified between January 2008 and June 2013. The initial period (January-October 2008) is followed by a general rise in pairwise correlation values between November 2008 and...
Persistent link: https://www.econbiz.de/10010404060
In response to the financial crisis, the ECB has had to adopt new instruments to support the euro area economy and preserve the integrity of the single currency. This has challenged the current framework of the Monetary Dialogue exercise. This paper briefly assesses the implications of enhanced...
Persistent link: https://www.econbiz.de/10010404067
Persistent link: https://www.econbiz.de/10011546301
Persistent link: https://www.econbiz.de/10011546962