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Recent literature on biofuels has questioned whether biofuels policies are likely to reduce the negative effects of climate change. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard in a dynamic model taking into account...
Persistent link: https://www.econbiz.de/10010336584
-research performed within SIMPATIC (www.simpatic.eu). To analyse the impact of public R&D on growth, we need to complement the micro … GDP growth and jobs in applied macro-models most commonly used in EU policy analysis. We focus particularly on the NEMESIS …
Persistent link: https://www.econbiz.de/10011432994
Over the last decade decarbonisation has become a key priority for the EU. However, on the contrary of renewable energy … debate on the future role of gas in the EU energy system, particularly vis-à-vis the progressively stronger role of … renewables in the EU energy mix. This paper tackles this issue with the aim to explore what role gas might play in making the EU …
Persistent link: https://www.econbiz.de/10011376948
Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States. For this purpose, we...
Persistent link: https://www.econbiz.de/10010354695
The paper investigates the macroeconomic and financial effects of oil prices shocks in the euro area since its creation in 1999, with a special focus on the recent slump. The analysis is carried out episode by episode, within a time-varying parameter framework, consistent with the view that "not...
Persistent link: https://www.econbiz.de/10011451685
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This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it … investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016 …
Persistent link: https://www.econbiz.de/10012021696
-led trade war against China and its immediate consequences for China, the US and the EU. Although protectionism can never be … concentrated in sectors that are also key for the EU’s exports to China, with the exception of energy and agricultural products … for the US but also for the EU and the rest of the world. Against this background, this paper reviews the EU’s options in …
Persistent link: https://www.econbiz.de/10011993235
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