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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...
Persistent link: https://www.econbiz.de/10012892222
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The Fiscal Effect of Immigration: Reducing Bias in Influential Estimates
Clemens, Michael - 2021
Immigration policy can have important net fiscal effects that vary by immigrants’ skill level. But mainstream methods to estimate these effects are problematic. Methods based on cash-flow accounting offer precision at the cost of bias; methods based on general equilibrium modeling address bias...
Persistent link: https://www.econbiz.de/10012799764
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The Dynamic Response of Municipal Budgets to Revenue Shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10013226850
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Survey-Based Structural Budget Balances
Göttert, Marcell; Wollmershaeuser, Timo - 2021
The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the … reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the … main properties of the mainstream approaches and compare their performance with structural budget balances, whose …
Persistent link: https://www.econbiz.de/10013243245
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Fiscal Reform in Spanish Municipalities : Gender Differences in Budgetary Adjustment
Hayo, Bernd; Garcia, Israel - 2023
male-dominated governments cut social expenditure by about 20% of the total budget, gender-balanced and female …
Persistent link: https://www.econbiz.de/10014259689
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Fiscal Sustainability, Fiscal Reactions, Pitfalls and Determinants
Afonso, António; Coelho, José Carlos - 2022
We examine the sustainability of public finances and its determinants for 19 Eurozone countries from 1995 to 2020. We conclude for the existence of panel cointegration between government revenues and expenditures; primary government balance and one-period lagged public debt-to-GDP ratio; and...
Persistent link: https://www.econbiz.de/10013296248
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Capturing Key Energy and Emission Trends in CGE Models : Assessment of Status and Remaining Challenges
Faehn, Taran - 2020
Limiting global warming in line with the goals in the Paris Agreement will require substantial technological and behavioural transformations. This challenge drives many of the current modelling trends. This paper undertakes a review of 17 state-of-the-art recursive-dynamic computable general...
Persistent link: https://www.econbiz.de/10012841936
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Energy Contagion in the COVID-19 Crisis
Heinlein, Reinhold - 2020
We investigate the relationship between oil prices and stock markets of selected oil importers and oil exporters at the time of the COVID-19 pandemic. We provide evidence in favour of energy contagion, in term of significantly higher correlations between oil and stock markets returns during...
Persistent link: https://www.econbiz.de/10012831660
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Fragmented Landscape of European Policies in the Energy Sector : First-Mover Advantages
Govorukha, Kristina; Mayer, Philip; Rübbelke, Dirk T. G. - 2021
In order to achieve the commonly agreed emission reduction target, the European Commission developed binding national targets for each member state until 2030 and called upon the member states to submit National Energy and Climate Plans to ensure increased transparency for the respective...
Persistent link: https://www.econbiz.de/10013225337
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Addressing the Climate Problem: Choice between Allowances, Feed-in Tariffs and Taxes
Amundsen, Eirik S.; Andersen, Peder; Mortensen, Jørgen Birk - 2018
Instruments chosen to pursue climate related targets are not always efficient. In this paper we consider an economy with three climate related targets for its electricity generation: a given share of “green” electricity, a given expansion of “green” electricity, and a given reduction of...
Persistent link: https://www.econbiz.de/10011815819