Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...

Two main approaches have been implemented in regional CO2 markets to address competitiveness and carbon leakage: output based allocation (Australia, California, New Zealand) and capacity based allocation (EU). This paper characterizes the best policy, given that auctioning with border adjustment...

This paper highlights the factors that limit or increase cyclical divergence in the euro area and reviews one policy area that is important in fostering a speedy adjustment to shocks: the transmission of monetary policy via the housing market. A high interest rate sensitivity of housing markets...

Europäische Sozialpolitik entwickelt sich im doppelten Spannungsverhältnis von nationaler Autonomie und Vergemeinschaftung sowie von Marktfreiheiten und sozialen Schutzrechten. Der Autor untersucht am Beispiel nationaler und europäischer Regelungen der Arbeitnehmerentsendung im...