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This paper studies the nonlinear adjustment between industrial production and carbon prices – coined as ‘the carbon-macroeconomy relationship’ – in the EU 27. We model carbon price returns and industrial production as nonlinear and state-dependent, with dynamics depending on the sign and...
Persistent link: https://www.econbiz.de/10010706442
his paper develops a model of carbon pricing by considering two fundamental drivers of European Union Allowances : economic activity and energy prices. On the one hand, economic activity is proxied by aggregated industrial production in the EU 27 (as it provides the best performance in a...
Persistent link: https://www.econbiz.de/10010707603
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This collection of essays provides new insight into the complex realities of labour and employment market globalisation. The pluridisciplinary and multi-faced understanding of globalisation is based upon ground research in ten countries from South to North. Its contextualisation of globalising...
Persistent link: https://www.econbiz.de/10011074414