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This report aims to analyse euro area energy markets and the impact of energy price changes on the macroeconomy from a monetary policy perspective. The core task of the report is to analyse the impact of energy price developments on output and consumer prices. Nevertheless, understanding the...
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Unter dem Eindruck der Finanz- und Wirtschaftskrise hat die EU das Instrumentarium zur Regulierung des Finanzmarktes … Änderungen in der EU-Finanzmarktregulierung, und ihrer möglichen Auswirkungen auf die Akteure am Europäischen Kohlenstoffmarkt …In the light of the financial and economic crisis, the EU has further developed and tightened its regulation of the …
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Using CPI micro data for 11 euro area countries covering about 60% of the euro area consumption basket over the period 2010-2019, we document new findings on consumer price rigidity in the euro area: (i) each month on average 12.3% of prices change, which compares with 19.3% in the United...
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The report analyzes, by looking back at existing compliance systems in the EU, Alberta, Australia, Colombia and Japan …
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The report develops an assessment framework that policy makers can use to determine whether offsets can add value while ensuring the environmental integrity of a compliance system. It uses an assessment framework for these factors to: (1) identify sectors that warrant offsets as cost-containment...
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Multilateral cooperation initiatives (or “climate clubs”) can generate some of the additional action that is needed to achieve the goals agreed in the Paris Agreement. An analysis of the state of collaboration in the four policy areas energy transition, synthetic fuels, food systems and...
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