The recent financial crisis has shown that the economic consequences of financial instability can be devastating. The consensus on the role that asset prices should play in monetary policy appears to be shifting. The pre-crisis consensus that monetary policy should only take asset prices into...

In this paper we aim to gain insight in the determinants that control the risk perception of flooding and water nuisance by developing and validating a questionnaire. We also investigate to what extent the risk characteristics of external safety risks apply to perceptions of flooding and water...

This paper aims to demonstrate the importance of protein production for the global environment and to give insight into the way consumers frame the protein part of their meal. Using a macro perspective, it presents a review of the literature on current and future impacts of the nutritional...

The role of asset prices in monetary policy has been widely debated. This paper examines the role that stock prices play in the monetary policy of the ECB. For this purpose, standard and augmented forward-looking Taylor rules are estimated for the ECB using monthly data between 1999 and 2005. Of...

The role of asset prices in monetary policy has been widely debated. This paper examines the role that stock prices play in the monetary policy of the ECB. For this purpose, standard and augmented forward-looking Taylor rules are estimated for the ECB using monthly data between 1999 and 2005. Of...

The damage function in the famous climate-economy model DICE has received much criticism. Weitzman (2010) has proposed an alternative approach that gives more serious attention to climate change impacts for larger temperature increases. We calculate optimal climate policy with DICE using this...