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Disposal of petroleum installations - major policy issues
Osmundsen, Petter; Tveterås, Ragnar - 2000
Following the Brent Spar controversy, the OSPAR countries reached a unanimous agreement in 1998 for the future rules for disposal of petroleum installations. The vast majority of existing offshore installations will be re-used or returned to shore for recycling or disposal. For installations...
Persistent link: https://www.econbiz.de/10001477291
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The single European market in banking in decline : ECB to the rescue?
Gros, Daniel - In: Banking union for Europe : risks and challenges, (pp. 41-45). 2012
Persistent link: https://www.econbiz.de/10009696488
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Macroeconomic stabilization policies in the EMU : spillovers, asymmetries, and institutions
Di Bartolomeo, Giovanni; Engwerda, Jacob Christiaan; … - 2005
This paper studies the institutional design of the coordination of macroeconomic stabilization policies within a monetary union in the framework of linear quadratic differential games. A central role in the analysis plays the partitioned game approach of the endogenous coalition formation...
Persistent link: https://www.econbiz.de/10002658217
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Asymmetries in the Trans-Atlantic monetary policy relationship : does the ECB follow the Fed? ; presented at CESifo Area Conference on Macro, Money and International Finance, Febru...
Belke, Ansgar; Gros, Daniel - 2005
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
Persistent link: https://www.econbiz.de/10002658281
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Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states
MacDonald, Ronald; Wójcik, Cezary - 2006
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10003366053
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Energy taxes and natural gas demand in EU-countries
Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2001
value chain. We examine whos is actually bearing the burden of increased energy taxes in the EU-area - consumers or … exporters. Traditional tax incidence theory presumes spot markets. Natural gas in the EU-area, however, is to a large extent …, oil and electricity, for different market segments (households, industry, power generators) in EU countries. Particular …
Persistent link: https://www.econbiz.de/10001610873
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Who needs foreign banks?
Gros, Daniel - 2003
10 countries from Central and Eastern Europe (CEEC) that will join the EU 2004/7 the banking system is now dominated by …
Persistent link: https://www.econbiz.de/10001807083
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Eqilibrium contracts for the central bank of a monetary union
Dixit, Avinash K.; Jensen, Henrik - 2000
We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...
Persistent link: https://www.econbiz.de/10001554692
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One size must fit all national devergences in a monetary union
Gros, Daniel; Hefeker, Carsten - 2000
decisions on the EU-wide average of inflation and growth or should it instead focus on (appropriately weighted) national rates …
Persistent link: https://www.econbiz.de/10001524212