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countries, we find that: (i) competition-enhancing regulation is associated with a higher rate of firm churning; (ii) business … regulation can be indirectly associated, via its impact on business dynamism, with the somewhat weak productivity performance in …
Persistent link: https://www.econbiz.de/10012858445
This paper studies optimal second-best corrective regulation, when some agents/activities cannot be perfectly regulated … apply our results to scenarios with unregulated agents/activities, uniform regulation across agents/activities, and costly … regulation. We illustrate our results in applications to financial regulation with environmental externalities, shadow banking …
Persistent link: https://www.econbiz.de/10014076773
benefit from environmental regulation. The effect is moderated by banks' own loan portfolio composition. Banks with a …. Overall, our results indicate that financial implications of regulation associated with climate change appear to be the main …
Persistent link: https://www.econbiz.de/10013405373
We analyse the cross-border propagation of prudential regulation in the euro area. Using the Prudential Instruments …
Persistent link: https://www.econbiz.de/10012869770
Macroeconomic studies suggest that employment-output elasticities in the euro area increased during the recovery from the crisis, especially in those countries that implemented reforms. In this paper, we use micro (individual-level) data from the Eurostat Labour Force Survey to investigate...
Persistent link: https://www.econbiz.de/10013315346
has partial control over bank regulation it can exercise regulatory lenience. Two, the Fed's stronger output orientation … procyclical capital regulation …
Persistent link: https://www.econbiz.de/10013141874
This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...
Persistent link: https://www.econbiz.de/10013159926
In recent years there has been growing attention on the risks posed by climate change. One relevant question for financial stability is to which extent the materialisation of transition risks emerging from the sudden implementation of climate change mitigation policies would impact the...
Persistent link: https://www.econbiz.de/10013297413
This paper analyses the impact of changes in environmental regulations on productivity growth at country- and firm-level. We exploit several data sources and the environmen-tal policy stringency index, to evaluate the Porter hypothesis, according to which firms’ productivity can benefit from...
Persistent link: https://www.econbiz.de/10014356434
-regulated regions. Outsourcing helps dodging the EU green regulation and the strategy becomes increasingly appealing as the sectoral …
Persistent link: https://www.econbiz.de/10014263037