Past cycles of sovereign lending and default suggest that debt crises will recur at some point. This book shows why investors should reckon with similar credit events in the future. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign...

Lukas Heim evaluates the performance of a price-level targeting rule compared to that of a standard inflation targeting rule. The comparison is based on a medium-scale DSGE model which has been estimated based on state-of-the-art Bayesian methods. The model for the Swiss economy is an expanded...

The extensive monetary policy of central banks during the Great Recession has re-newed the interest in the relation between (possibly) non-neutral money and wealth and income inequality. In this work, a dynamic general equilibrium model approach is used to study the effects of an inflation rate...

Claudia Lubk analyzes the transferal between the guiding principle of sustainability and the policy field of labor market policy. She discusses both separately to elaborate the most important aspects necessary to make the transition towards sustainable labor market policy. In addition, the...

This book is a revised and expanded edition of Colin Price's seminal original publication, providing a richly comprehensive and up-to-date coverage of landscape economics. Chapters address key issues like natural resources and environmental economics, while presenting a wide and integrative view...

This open access book provides answers to key open questions concerning competition policy in emerging economies, with a focus on South Eastern Europe. The contributions address two major issues. One is the design of competition policy and the national competition authorities that enforce it,...

1. Post-Faustmann Forest Resource Economics -- Part one: Human behaviour and forest resource economics -- 2. Are Forest User Groups Rational Economic or Social Agents? Experimental Evidence from India -- 3. Complexity Theory and Forest Resource Economics -- 4. Modeling Forest Sector Structural...

Preface -- 1 An Introduction to the Econometrics of Program Evaluation -- 2 Methods Based on Selection on Observables -- 3 Methods Based on Selection on Unobservables -- 4 Local Average Treatment Effect and Regression-Discontinuity-Design.

The evaluation of labour market and other public policies has become increasingly important in recent years. In an era of tight government budgets, a thorough analysis of these measures is imperative. This book provides a comprehensive overview and assessment of the most relevant...

The assessment of local, regional or national impacts of an influx of tourists - of different kind and origin - has in recent years become a new challenge for economics research in the tourism sector. There is a clear need to develop solid methodologies through which the socio-economic impacts...