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We examine the effect of exchange-rate misalignments on competition in the market for large commercial aircraft. This market is a duopoly where players compete in dollar-denominated prices while one of them, Airbus, incurs costs mostly in euros. We construct and calibrate a simulation model to...
Persistent link: https://www.econbiz.de/10003811853
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility in any purely forward-looking model, such as the baseline New Keynesian model, the results are ambiguous when including a backward-looking component. In addition to these...
Persistent link: https://www.econbiz.de/10003872035
land except for grassy savannahs impedes meeting the EU’s 35% minimum emissions reduction target for biofuels. We show that …
Persistent link: https://www.econbiz.de/10003954333
development and even more robust than variables measuring the integration into the EU. This allows for some optimism about the … incentives for good governance. -- EU ; NATO ; transition economies ; institutional change ; governance …
Persistent link: https://www.econbiz.de/10003694112
accounting also for the possibilities of purchasing international carbon credits from outside the EU. A computable general … equilibrium model is then used to assess the cost efficiency of current EU climate strategies. Finally, based both on the …
Persistent link: https://www.econbiz.de/10003301167
It is conventionally held that countries are worse off by forming a monetary union when it comes to macroeconomic stabilization. However, this conventional view relies on assuming that monetary policy is conducted optimally. Relaxing the assumption of optimal monetary policy not only uncovers...
Persistent link: https://www.econbiz.de/10010202935
requirements for biofuel production adopted by the European Commission (EU-RED) for the Llanos Orientales in Colombia. Based on the … biofuel options. We evaluate these maps according to the criterion contained in the EU-RED of 35% minimum emission savings for …
Persistent link: https://www.econbiz.de/10009783256
requirements for biofuel production adopted by the European Commission (EU-RED) for Kalimantan and Sumatra in Indonesia. Based on …. I evaluate these maps according to the criterion contained in the EU-RED of 35% minimum emission savings for each … biofuel option compared to its fossil alternative. In addition, to avoid indirect LUC effects of the EU-RED that might offset …
Persistent link: https://www.econbiz.de/10009783325
Given that the carbon price in the EU Emissions Trading System is only around 5€/tCO2 while consensus about a more … stringent EU climate policy is very unlikely in the near future, we explore the potential scope and optimal design of additional … national climate policies in the current EU policy framework. In particular, we suggest to implement a type of carbon price …
Persistent link: https://www.econbiz.de/10011546601
of Asian suppliers and hosts as a result of EU integration deepening and widening in the nineties. Based on recent …), trade resistance factors on the EU import side can be explained mainly by slow growth in Europe in the first half of the … of the Europe Agreements. As trade overlaps between Asian and CEE supply on EU markets are low, the trade diversion fear …
Persistent link: https://www.econbiz.de/10011472114