What factors shape environmental policies across Europe? In order to answer this question most economists would probably adopt a Public Choice approach. This approach has explained some aspects of environmental policies that exist in a similar fashion across Europe convincingly. But why do many...

Currently the European Union (EU) consists of a group of nation states that exhibit an array of constitutional systems, ranging from the unitary to the fully federal. Among the EU member states, the United Kingdom (UK) has traditionally been regarded as an example par excellence of a unitary...

This paper reviews the contemporary debate and the now long standing role of CBA in UK and European environmental policy appraisal and looks forward to possible future applications. The position taken is that despite its limitations CBA still has an important part to play in environmental policy...

Weltweit werden etwa 3 Billionen US-Dollar staatlicher Hilfen ausgegeben, um den Absturz der Weltwirtschaft abzubremsen. Dieser Nachfrageschub von 4,7 Prozent des Welteinkommens hat zuallererst die Aufgabe, die Spirale gestrichener Investitionspläne, reduzierter Produktion, gesunkener...

The paper analyses whether communication and actual interventions in FX markets are successful in moving exchange rates over the medium- to long-run. It compares empirical evidence based on time-series analysis with that obtained from an eventstudy approach. Both the time-series approach based...

Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...

Großbritannien ist neben Deutschland das einzige große EU-Land, in dem es seit 1990 zu einem deutlichen Rückgang der Treibhausgasemissionen gekommen ist. In dem Maße, wie sich dieser Rückgang abzeichnete, wurden die Emissionsziele ständig verschärft. Der entscheidende Faktor für den...