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Payment innovations, the shadow economy and cash demand of households in euro area countries

Reimers, Hans-Eggert; Schneider, Friedrich; Seitz, Franz - 2020

We analyze for the first time cash holdings of private households in all euro area countries from 2002 to 2019 within a …' cash holdings, the volume of transactions and the size of the shadow economy irrespective of country size for all euro area … panel cointegration framework. Besides the traditional determinants of cash demand like transactions balances and …

Persistent link: https://www.econbiz.de/10012291866

The pandemic cash and retail payment behaviour : insights from the future of payments databas

Auer, Raphael A.; Cornelli, Giulio; Frost, Jon - 2023

? What do they imply for the future of cash and digital payments? We assemble a new "Future of Payments" database on retail … countries. We find that card-not-present payments, payment app downloads and the volume of cash in circulation all rose in weeks …

Persistent link: https://www.econbiz.de/10013536195

Cash in circulation and the shadow economy : an empirical investigation for Euro area countries and beyond

Seitz, Franz; Reimers, Hans-Eggert; Schneider, Friedrich - 2018

We analyze the net issues of the national euro area central banks in relation to the dynamics of the shadow economy … within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … banknotes and take due account of other determinants of cash demand. We find a significant and positive relationship between the …

Persistent link: https://www.econbiz.de/10011872942

Smart cap

Karp, Larry S.; Traeger, Christian - 2021

We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...

Persistent link: https://www.econbiz.de/10012438358

Economic growth and pollutant emissions : new panel evidence from the Union for the Mediterranean countries

Abdeljelil, Mouna Ben; Rault, Christophe; Belaïd, Fateh - 2023

This paper investigates the existence of an environmental Kuznets curve (EKC) and its robustness for 28 countries of the Union for the Mediterranean (UfM) over the recent period. Our methodology relies on four recent estimation methods for non-stationary panel data and includes four pollutants...

Persistent link: https://www.econbiz.de/10013484922

Carbon emissions scenarios in Europe based on an endogenous growth model

Ciesielski, Anna; Tol, Richard S. J. - 2014

Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model and second that we calibrate our model to...

Persistent link: https://www.econbiz.de/10010412388

Effects of carbon pricing and other climate policies on CO2 emissions

Kohlscheen, Emanuel; Moessner, Richhild; Takáts, Előd - 2021

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes and emissions trading systems (ETS), as well as...

Persistent link: https://www.econbiz.de/10012643539

Unilateral CO2 reduction policy with more than one carbon energy source

Daubanes, Julien Xavier; Henriet, Fanny; Schubert, Katheline - 2020

We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard theoretical approach to carbon leakage, we show that unilateral CO2 reduction policies generate a higher leakage rate in the...

Persistent link: https://www.econbiz.de/10012294568

More gas, less coal, and less CO2? : unilateral CO2 reduction policy with more than one carbon energy source

Daubanes, Julien X.; Henriet, Fanny; Schubert, Katheline - 2017

We examine an open economy's strategy to reduce its carbon emissions by replacing its consumption of coal - very carbon intensive - with gas - less so. Unlike the standard analysis of carbon leakage, unilateral carbon-reduction policies with more than one carbon energy source may turn...

Persistent link: https://www.econbiz.de/10011735984

The euro exchange rate and Germany's trade surplus

Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019

We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....

Persistent link: https://www.econbiz.de/10011983671

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