This paper studies the economic impacts of carbon pricing. Exploiting institutional features of the European carbon market and high-frequency data, I document that a tighter carbon pricing regime leads to higher energy prices, lower emissions and more green innovation. This comes at the cost of...

This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...

This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic goods is realistically low, increases in energy...

Die Gemeinsame Agrarpolitik (GAP) der EU entstand in den Gründungsjahren der Europäischen Gemeinschaft und beruhte auf dem Ziel, preiswerte Nahrungsmittel in ausreichender Menge anzubieten. Seitdem wurde die GAP mehrfach reformiert. Das heutige Ziel der GAP ist die Gewährleistung von gesunden...