The causality between energy consumption and real income in developed countries has been a very vital research topic in recent years. Raising concerns about climate change and global warming increase the pressure on policy makers to take action against energy depletion. Unfortunately these...

The aim of this paper is to derive the optimal inflation rate for the Euro Area (EA) countries from the relationship between relative price variability (RPV). In order to achieve the above stated goal, we have utilized monthly data for the Harmonized Index of Consumer Prices between January 1997...

This study incorporates endogenous and directed technical change in a dynamic, general equilibrium framework, with a bottom-up representation of technologies. On the example of the Austrian transport sector this paper studies the economic impacts of a carbon tax and a subsidy in research and...