The ECB has announced that when government and corporate bonds come to maturity in the context of its QE-program, new bonds will be bought in the market so as to keep the money stock (money base) unchanged. This creates a "window of opportunities" for the ECB. It could replace the old bonds with...

Even though the sustainable development concept has been largely debated in the literature and its essence is very clear, the way in which it is implemented differs between countries and regions. The main challenge for the European Union is to tackle the differences in the development level...

The aim of the paper is to present a review of transnational regulations (global and European) in the field of environmental protection and the circular economy. The paper discusses the regulations proposed in publications and reports of such glob-al organizations and UN Agencies as the United...

The main purpose of the paper is to present the results of the comparative analysis of the member states of the European Union in terms of expenditure on environmental protection made by the public sector. An additional purpose of the paper is to verify whether there is convergence in public...

We investigate how public opinion along with the electoral process affect the strength of environmental fiscal policies in the European Union (EU). Our analysis accounts for a set of economic, institutional, and political factors that can affect environmental taxes and expenditures. We pursue a...

In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general equilibrium (DSGE) models, estimated using Bayesian...