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Emission trading and overlapping environmental support : installation-level evidence from the EU ETS
Mulier, Klaas; Ovaere, Marten; Stimpfle, Leo - NBB Conference Deglobalisation, Decarbonisation and … - 2024
environmental support and study their interactions with the European Union Emissions Trading System (EU ETS). Exploiting variation … in regulated installations' exposure to carbon prices and an unexpected regulatory tightening of the EU ETS, we show that …
Persistent link: https://www.econbiz.de/10015076746
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Climate change concerns and the performance of green versus brown stocks
Ardia, David; Bluteau, Keven; Boudt, Kris; … - 2020
We empirically test the prediction of Pastor, Stambaugh, and Taylor 2020 that green firms can outperform brown firms when climate change concerns strengthen unexpectedly for S&P 500 companies over the period January 2010 - June 2018. To capture unexpected increases in climate change concerns, we...
Persistent link: https://www.econbiz.de/10012386774
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The interplay between green policy, electricity prices, financial constraints and jobs : firm-level evidence
Bijnens, Gert; Hutchinson, John; Konings, Jozef; … - 2021
Increased investment in clean electricity generation or the introduction of a carbon tax will most likely lead to higher electricity prices. We examine the effect from changing electricity prices on manufacturing employment. Analyzing firm-level data, we find that rising electricity prices lead...
Persistent link: https://www.econbiz.de/10012511480
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Going green by putting a price on pollution: firm-level evidence from the EU
De Jonghe, Olivier; Mulier, Klaas; Schepens, Glenn - 2020
identification, we exploit the tightening in EU ETS regulation in 2017, which led to a steep price increase of emission allowances …
Persistent link: https://www.econbiz.de/10012309915
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Forecasting with a Bayesian DSGE model : an application to the euro area
Smets, Frank; Wouters, Rafael - 2004
In monetary policy strategies geared towards maintaining price stability conditional and unconditional forecasts of inflation and output play an important role. In this paper we illustrate how modern sticky-price dynamic stochastic general equilibrium (DSGE) models, estimated using Bayesian...
Persistent link: https://www.econbiz.de/10003285769
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Price setting in the euro area : some stylized facts from individual consumer price data
Dhyne, Emmanuel; Álvarez, Luis J.; Le Bihan, Hervé; … - 2005
This paper documents patterns of price setting at the retail level in the euro area, summarized in six stylized facts. First, the average euro area monthly frequency of price adjustment is 15 p.c., compared to about 25 p.c. in the US. Second, the frequency of price changes is characterized by...
Persistent link: https://www.econbiz.de/10003285773
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The single European electricity market : a long road to convergence
Coppens, François; Vivet, David - 2006
In the context of a first Working Paper the authors argued that electricity has a number of characteristics that set it apart from other commodities. It was demonstrated that some of these characteristics might complicate the deregulation process. This paper analyses the ongoing deregulation...
Persistent link: https://www.econbiz.de/10003367992
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The distinct effects of information technologies and communication technologies on the age-skill composition of labour demand
Blanas, Sotiris - 2019
This paper is the first to study the distinct effects of Information Technologies (IT) and Communication Technologies (CT) on the skill, age, and age-skill composition of labour demand. The analysis is conducted on a sample comprising 10 developed countries, 30 industries covering the largest...
Persistent link: https://www.econbiz.de/10011967410
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A survey of the long-term impact of Brexit on the UK and the EU27 economies
Bisciari, Patrick - 2019
This paper reviews a sample of studies on the long-term impact of Brexit on GDP and welfare for both the UK and EU … limited for the EU27 and for most Member States. Small open economies closely related to the UK are more hit than others. This … point of GDP in the EU27. For a same Brexit scenario, the results depend on the model specifications, on the channels …
Persistent link: https://www.econbiz.de/10011967412
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A macro-financial analysis of the corporate bond market
Dewachter, Hans; Iania, Leonardo; Lemke, Wolfgang; … - 2018
We assess the contribution of economic and financial factors in the determination of euro area corporate bond spreads over the period 2001-2015. The proposed multi-market, no-arbitrage affine term structure model is based on the methodology proposed by Dewachter, Iania, Lyrio, and Perea (2015)....
Persistent link: https://www.econbiz.de/10011953606