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As part of its efforts to reach the targets of the Kyoto Protocol, the European Commission is currently considering a new directive to reduce the per-kilometer CO2 emissions of newly registered automobiles. This paper critically assesses this proposal with respect to its economic and...
Persistent link: https://www.econbiz.de/10003725780
We use the European Community Household Panel, a harmonized data set covering the countries of the European Union, to provide detailed estimates of the returns to education. Our results can be summarized as follows. Firstly, average returns to education have been mostly stable during the second...
Persistent link: https://www.econbiz.de/10003745081
The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe¿s strategy to attain …
Persistent link: https://www.econbiz.de/10003785029
We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach … one hand, and also their interaction with the 'core' EU15 member states opposed to the overall EU27 aggregate on the other … hand. Taking West German-EU27 trade & FDI as an example, the identified pairwise linkages closely follow the theoretical …
Persistent link: https://www.econbiz.de/10003811780
Policymakers in the EU member states are currently shaping rescue packages to prevent the financial crisis hitting …
Persistent link: https://www.econbiz.de/10003811803
model to match data for the EU15 reveals that European countries can indeed gain in form of higher employment and growth if …
Persistent link: https://www.econbiz.de/10003811811
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10003884937
Past empirical studies on the strategic bequest motive have found evidence for the existence of a positive causation of wealth on receiving attention from on's children. This paper illustrates that these results from the past should be interpreted with some care as the relationship between...
Persistent link: https://www.econbiz.de/10003903692
Persistent link: https://www.econbiz.de/10003471692
We assess differences that emerge in Taylor rule estimations for the Fed and the ECB before and after the start of the subprime crisis. For this purpose, we apply an explicit estimate of the equilibrium real interest rate and of potential output in order to account for variations within these...
Persistent link: https://www.econbiz.de/10003931391