Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10000033713
The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
Persistent link: https://www.econbiz.de/10003888991
This paper studies various options to support allowance prices in the EU Emissions Trading System (ETS), such as … adjusting the cap, an auction reserve price, and fixed and variable carbon taxes in addition to EU ETS. We use a dynamic … at the EU Member State level. We find that both a variable carbon tax and an auction reserve price support effective …
Persistent link: https://www.econbiz.de/10011392634
The efficiency case for raising fuel tax minima under the EU Energy Tax Directive (ETD) appears nuanced. Some fuels may … potentially much larger gains from extending tax minima to fuels (especially coal) covered by the EU Emissions Trading System (if …
Persistent link: https://www.econbiz.de/10011422569
physical settlement during the second market phase of the EU ETS. We employ a series of estimation methods that allow for an …
Persistent link: https://www.econbiz.de/10009786078
10 countries from Central and Eastern Europe (CEEC) that will join the EU in 2004/7 the banking system is now dominated …
Persistent link: https://www.econbiz.de/10011508110
This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find …, may soften the adverse competitiveness impact in the EU. …
Persistent link: https://www.econbiz.de/10010422070
is robust for alternative specifications. By imposing restrictions on excise levels, EU harmonization of excises in 1987 … and the introduction of a minimum in 1992 exerted a positive impact on the excise level in a number of EU countries. It …
Persistent link: https://www.econbiz.de/10011449634
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/10002749782
Persistent link: https://www.econbiz.de/10000940296