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This paper documents the extension of MEDSEA, a small open economy DSGE model for Malta, with a detailed energy sector. The model contains relatively rich fiscal and energy blocks allowing the model to simulate the transitional costs related to the economy's decarbonisation, together with the...
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The EU has embarked on multiple initiatives reflecting its commitment to environmental enhancement and sustainable …-friendly policies and sustainable practices within the region. Conversely, the fiscal rules within the EU, designed to manage budgetary … with the environmental goals set forth by the EU. To address this issue, using a panel of 27 European member countries …
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We study the labor market and macroeconomic effects of introducing a carbon tax in the energy sector in emerging economies (EMEs) by building a framework with equilibrium unemployment and firm entry that incorporates key elements of the distinct employment and firm structure of EMEs. Our model...
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Decarbonizing road transport through electrification, public transport, and walking and biking can increase productivity and reduce expenses thanks to reduced traffic and energy efficiency gains. However, governments face losing fuel and vehicle tax revenue. We develop a method to assess options...
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