Green growth is an environmental policy strategy that aims at an absolute decoupling between economic growth and resource consumption. As far as the applied policy measures focus on direct enhancements of economy-wide resource efficiency levels, their overall achievements might however be...

This paper reexamines the Equity Premium Puzzle for the German stock market with control for inflation and taxation. Two methods for relaxing the assumption of aggregate consumption being equal to aggregate dividends are compared: the leverage approach and the usage of a bivariate stochastic...

A first systematic, model-based analysis of the environmental fiscal reform in Germany is undertaken with an econometric model and an empirical general equilibrium model. It indicates moderate but slightly positive effects on employment, energy consumption and CO_2 emissions. The influence on...

"Whilst in western Germany the number of employed is likely to increase by 1.2 to 1.3 million between 2000 and 2015, in other words there is light at the end of the tunnel, for eastern Germany there are no indications of a positive labour market development with dynamics of its own. On the...

Die Industrie ist ständig bestrebt, die Materialkosten von Produkten und den Materialeinsatz der Produktion zu senken. Welche gesamtwirtschaftlichen Effekte sind von einzelbetrieblich rentablen Materialeinsparungen zu erwarten? Unter welchen Bedingungen entstehen neue Arbeitsplätze?

The analysis concentrates on direct and indirect price increases, induced shifts in international trade and structural changes in the oil importing economies. The paper at hand asks, whether a stabilizing effect via international trade and domestic structural change on the GDP of oil importing...