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The EMU Consolidation Game - or: Does 3.0 Really Mean 3.0?

Heinemann, Friedrich - 1998

Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...

Persistent link: https://www.econbiz.de/10010297571

Energy Biased Technical Change: A CGE Analysis

Löschel, Andreas; Otto, Vincent M.; Dellink, Rob B. - 2005

This paper studies energy bias in technical change. For this purpose, we develop a computable general equilibrium model that builds on endogenous growth models. The model explicitly captures links between energy, the rate and direction of technical change, and the economy. We derive the...

Persistent link: https://www.econbiz.de/10010297442

Measuring Sustainable Development: The Use of Computable General Equilibrium Models

Böhringer, Christoph; Löschel, Andreas - 2004

This paper advocates computable general equilibrium models as a methodological tool that is particularly suitable for measuring the impacts of policy interference on the three dimensions of sustainable development, i.e. environmental quality, economic performance (gross efficiency) and equity....

Persistent link: https://www.econbiz.de/10010297382

Decomposing Integrated Assessment Climate Change

Böhringer, Christoph; Löschel, Andreas; Rutherford, … - 2005

We present a decomposition approach for integrated assessment modeling of climate policy based on a linear approximation of the climate system. Our objective is to demonstrate the usefulness of decomposition for integrated assessment models posed in a complementarity format. First, the...

Persistent link: https://www.econbiz.de/10010297469

Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit: Ein vernachlässigtes Kriterium

Heinemann, Friedrich - 1998

In diesem Beitrag wird neben einem kurzen Überblick über die Argumentationsweise und Probleme der Theorie optimaler … vor allem der Lohnflexibilität, aus. Aus dieser Erweiterung der Theorie der optimalen Währungsräume resultiert Skepsis …In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In …

Persistent link: https://www.econbiz.de/10010297572

EMU and fiscal discipline: the end of the depreciation threat

Heinemann, Friedrich - 1998

Are the characteristics of the exchange rate regime relevant for the degree of fiscal discipline? What are the conclusions for fiscal behavior in Europe after the transition to EMU? These are the central questions that are analyzed in this paper from a theoretical point of view. After a general...

Persistent link: https://www.econbiz.de/10010297592

Die Psychologie irrationaler Wirtschaftspolitik am Beispiel des Reformstaus

Heinemann, Friedrich - 2000

Psychologische Studien belegen vielfältige Abweichungen menschlicher Denk- und Verhaltensweisen von den üblichen Rationalitätsannahmen ökonomischer Modelle. Die traditionelle Ökonomie begegnet diesen Hinweisen begrenzter Rationalität mit Zurückhaltung, auch wenn derartige Ansätze...

Persistent link: https://www.econbiz.de/10010297673

Carbon taxes and general joint implementation: an applied general equilibrium analysis for Germany and India

Böhringer, Christoph; Conrad, Klaus; Löschel, Andreas - 2000

Germany has committed itself to reducing its carbon emissions by 25 percent in 2005 as compared to 1990 emission levels. To achieve this goal, the government has recently launched an environmental tax reform which entails a continuous increase in energy taxes in conjunction with a...

Persistent link: https://www.econbiz.de/10010297708

Environmental taxation and structural change in an open economy: a CGE analysis with imperfect competition and free entry

Böhringer, Christoph; Welsch, Heinz; Löschel, Andreas - 2001

The economic effects of environmental taxes depend on the market structure. Under imperfect competition with free entry and exit, environmental taxes have an impact on economies of scale by changing the number and size of firms. Whether economies of scale rise or fall in a particular industry...

Persistent link: https://www.econbiz.de/10010297742

Public deficits and borrowing costs: the missing half of market discipline

Heinemann, Friedrich; Winschel, Viktor - 2001

EMU driven interest rate convergence has led to a significant reduction of borrowing costs for some European governments in the second half of the nineties. The paper deals with the possible consequences for deficit behaviour. Although the impact of interest rates on deficits is a crucial...

Persistent link: https://www.econbiz.de/10010297752