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Economic incentives for carbon dioxide storage under uncertainty : a real options analysis

Narita, Daiju; Klepper, Gernot - 2015

Carbon dioxide capture and storage (CCS) is considered to be an important option for reducing carbon dioxide (CO2) emissions. However, there are still concerns about its economic viability, especially if the risk of leakage in the storage site is taken into account. We use a real options...

Persistent link: https://www.econbiz.de/10011280020

Foreign direct investment and environmental taxes

De Santis, Roberto A.; Stähler, Frank - 2000

This paper discusses environmental policies in response to foreign direct investment (FDI) in a symmetrie two-country setting, where firms' behavior affects government policy decisions. We show that two alternative equilibria with FDI are possible: (i) one with unilateral FDI, where one firm is...

Persistent link: https://www.econbiz.de/10011473794

The competitiveness effects of the EU climate policy

Peterson, Sonja (contributor); Klepper, Gernot (contributor) - 2008

EU has decided to reduce its GHG emissions by 20% relative to 1990 until the year 2020. These reductions will even rise … competitiveness as a priority area for EU policy and there is some concern about the competitiveness effects of EU climate policy. We … use the multi-sector, multi-region computable general equilibrium model DART to assess the impacts of the recent EU …

Persistent link: https://www.econbiz.de/10003777229

Exchange-rate misalignments in duopoly : the case of Airbus and Boeing

Bénassy-Quéré, Agnès (contributor); … - 2009

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

Modes of international sourcing and the competitiveness of firms : an analysis of European survey data

Neureiter, Marcus; Nunnenkamp, Peter - 2009

We draw on a recent survey of European companies to differentiate between alternative modes of international outsourcing as possible determinants of market, cost and knowledge-related aspects of the competitiveness of firms. We find that internalized modes are often superior to outside options,...

Persistent link: https://www.econbiz.de/10003882140

On the (de)stabilizing effects of news shocks

Winkler, Roland; Wohltmann, Hans-Werner - 2009

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

Real wages and monetary policy transmission in the euro area

McCallum, Andrew (contributor); Smets, Frank (contributor) - 2007

We use the Factor-Augmented Vector Autoregression (FAVAR) approach of Bernanke, Boivin and Eliasz (2005) to estimate the effects of monetary policy shocks on wages and employment in the euro area. The use of a large data set comprising country, sectoral and euro area-wide data allows us to...

Persistent link: https://www.econbiz.de/10003486502

Corruption and productivity firm-level evidence from the BEEPS survey

De Rosa, Donato; Gooroochurn, Nishaal; Görg, Holger - 2010

cumbersome bureaucratic requirements. When the sample is split between EU and non-EU countries, the time tax turns out to have a … negative effect only in EU countries and the bribe tax only in non-EU countries. This suggests that the institutional …

Persistent link: https://www.econbiz.de/10003976886

Efficient abatement in separated carbon markets : a theoretical and quantitative analysis of the EU emissions trading scheme

Peterson, Sonja (contributor) - 2006

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

Monetary union and macroeconomic stabilization

Groll, Dominik - 2013

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