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Financial markets and green innovation
Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022
Fulfilling the commitments embedded in the Paris Agreement requires a climate-technology revolution. Patented innovation of low-carbon technologies is lower in the EU than in selected peers, and very heterogeneous across member states. We motivate this fact with an endogenous model of directed...
Persistent link: https://www.econbiz.de/10014278447
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Evidence on Finance and Economic Growth
Popov, Alexander A. - 2021
economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development affects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and important … society, as well as the channels through which finance can slow down long-term growth …
Persistent link: https://www.econbiz.de/10013315442
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Financial Markets and Green Innovation
Aghion, Philippe; Boneva, Lena; Breckenfelder, Johannes; … - 2022
Fulfilling the commitments embedded in the Paris Agreement requires a climate-technologyrevolution. Patented innovation of low-carbon technologies is lower in the EU than in selectedpeers, and very heterogeneous across member states. We motivate this fact with anendogenous model of directed...
Persistent link: https://www.econbiz.de/10013404039
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Asset prices and current account fluctuations in G7 economies
Fratzscher, Marcel; Straub, Roland - 2009
The paper analyses the effect of equity price shocks on current account positions for the G7 industrialized countries in 1974-2007. It uses a Bayesian VAR with sign restrictions for the identification of asset price shocks and to test empirically for their effect on current accounts. Such shocks...
Persistent link: https://www.econbiz.de/10011605060
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Volatility spillovers of Federal Reserve and ECB balance sheet expansions to emerging market economies
Apostolou, Apostolos; Beirne, John - 2017
This paper examines volatility spillovers from changes in the size of the balance sheets of the Federal Reserve (FED) and European Central Bank (ECB) to emerging market economies (EMEs) from 2003 to 2014. We find that EME bond markets are most susceptible to positive volatility spillovers from...
Persistent link: https://www.econbiz.de/10011667194
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The climate and the economy
Breckenfelder, Johannes; Maćkowiak, Bartosz; Marqués … - 2023
explores implications for growth, innovation, inflation, financial markets, fiscal policy, and several socio-economic outcomes …
Persistent link: https://www.econbiz.de/10014374494
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Micro-based evidence of EU competitiveness: the CompNet database
Lopez-Garcia, Paloma; di Mauro, Filippo; Benatti, Nicola; … - 2014
Drawing from confidential firm-level balance sheets in 11 European countries, the paper presents a novel sectoral database of comparable productivity indicators built by members of the Competitiveness Research Network (CompNet) using a newly developed research infrastructure. Beyond aggregate...
Persistent link: https://www.econbiz.de/10011605679
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Assessing European competitiveness: the new CompNet microbased database
Lopez-Garcia, Paloma; di Mauro, Filippo - 2015
Drawing from confidential firm-level balance sheets for 17 European countries (13 Euro-Area), the paper documents the newly expanded database of cross-country comparable competitiveness-related indicators built by the Competitiveness Research Network (CompNet). The new database provides...
Persistent link: https://www.econbiz.de/10011605809
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Unraveling the skill premium
McAdam, Peter; Willman, Alpo - 2015
For the US the supply and wages of skilled labor relative to those of unskilled labor have grown over the postwar period. The literature has tended to explain this through “skill-biased technical change”. Empirical work has concentrated around two variants: (1) Capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10011605845
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Cyclical and structural variation in resource allocation: Evidence for Europe
Bartelsman, Eric Jan; López-García, Paloma; … - 2018
This paper uses cross-country micro-aggregated data on firm dynamics and productivity from the ECB CompNet database to provide empirical evidence on factor reallocation in the European Union (EU). The analysis finds that reallocation is towards more productive firms although the magnitude varies...
Persistent link: https://www.econbiz.de/10012142054