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Phase-Out of 'Coal to Power' in an Ets
Eichner, Thomas - 2019
recently revised EU ETS Directive, we then combine a country’s phase-out policy with canceling the permits it formerly used to …
Persistent link: https://www.econbiz.de/10012890195
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What Do Central Bankers Do? Evidence from the European Central Banks' Executive Board
Badinger, Harald - 2019
This paper examines how managers at the top of a public institution, central bank executives, allocate their working time. Using detailed information from personal diaries of the six members of the European Central Bank’s Executive Board over a period of two years, we codify and analyze more...
Persistent link: https://www.econbiz.de/10012892122
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Central Bank Policies and Financial Markets : Lessons from the Euro Crisis
Mody, Ashoka - 2019
The European Central Bank (ECB) took many measures to combat the eurozone’s rolling financial crisis. For providing desperately scarce dollars to eurozone banks, the ECB relied on the U.S. Federal Reserve. Using a novel econometric framework, we identify financial markets’ response to the...
Persistent link: https://www.econbiz.de/10012892183
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Carbon Prices are Redundant in the 2030 EU Climate and Energy Policy Package
Aune, Finn Roar - 2019
In June 2018, an agreement between key EU institutions – the Commission, the European Parliament, and the European … Council – was reached after a long-lasting discourse over the 2030 EU climate and energy policy package. This paper offers a … comprehensive assessment of the EU package, with its three main targets: lower greenhouse gas emissions, higher renewable share in …
Persistent link: https://www.econbiz.de/10012892222
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The fiscal consequences of missing an inflation target
Andreolli, Michele; Rey, Hélène - 2023
Persistent link: https://www.econbiz.de/10013491536
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Comprehensive National Accounting for Carbon Emissions
Asheim, Geir B.; Yamaguchi, Rintaro - 2023
We consider the question of how to integrate carbon emissions in comprehensive national accounts for the purpose of indicating whether countries’ development is sustainable. We derive an expression for national saving which includes not only the national effect of current global emissions, but...
Persistent link: https://www.econbiz.de/10014346316
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ECB communication and its impact on financial markets
Istrefi, Klodiana; Odendahl, Florens; Sestieri, Giulia - 2024
Persistent link: https://www.econbiz.de/10014581671
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The ECB's Policy, the Recovery Fund and the Importance of Trust : The Case of Greece
Dimakopoulou, Vasiliki; Oikonomidēs, Geōrgios; … - 2021
efficacy of the various policy measures taken, at national and EU level, to cushion the economic effects of the pandemic shock …
Persistent link: https://www.econbiz.de/10013323086
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Macroprudential Policy and the Sovereign-Bank Nexus in the Euro Area
Hristov, Nikolay; Hülsewig, Oliver; Kolb, Benedikt - 2021
We explore how changes in capital-based macroprudential regulation in the euro area affect the exposure of national banking sectors to domestic government debt, thus strengthening or weakening the sovereign-bank nexus. To do so, we construct a measure of macroprudential policy based on the...
Persistent link: https://www.econbiz.de/10013324211
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The Legal and Economic Case for an Auction Reserve Price in the EU Emissions Trading System
Fischer, Carolyn - 2020
When it was launched in 2005, the European Union emissions trading system (EU ETS) was projected to have prices of … around €30/ton CO2 and to be a cornerstone of the EU's climate policy. The reality was a cascade of falling prices, a … reserve price that would set a minimum price in allowance auctions. Opponents of an auction reserve price in the EU ETS have …
Persistent link: https://www.econbiz.de/10012847075