Geothermal, solar and wind are all clean, renewable energies with a huge amount of resources and a great potential of electricity generation. Geothermal energy had definitely dominated the renewable energy market in terms of the installed electricity power about 30 years ago. The unfortunate...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...