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...

Developed countries are investing a considerable amount of financial resources on active labour market programs such as training schemes, employment subsidies and public sector job creation, aiming to tackle the problem of persisting unemployment. Along with their rising efforts in this field,...

This paper describes the development of a portfolio balance model for an open economy with endogenous asset supply. Domestic producers finance capital goods through credit and bonds according to debt capital costs as well as equity assets. Private households hold a portfolio of domestic and...

The use of renewable energy (RE) sources plays a significant role in increasing the security of energy supply and mitigating climate change. Whereas this role is undisputed, there is an ongoing discussion about the employment impacts of promoting RE deployment. In the past years several studies...

Imputed rental income of homeowners is tax exempt in most countries, despite the long-standing arguments recommending its inclusion in the tax base, on both equity and efficiency grounds. While the financial and fiscal crisis revived interest towards this form of taxation, this paper...