Die globale Erwärmung und die daraus resultierenden ökonomischen und sozialen Konsequenzen sind eng verbunden mit dem Ausstoß von Treibhausgasen. Dem Kyoto-Protokoll nach ist die Europäische Union verpflichtet, die Emissionen dieser Gase bis zum Zeitraum 2008/2012 um 8% gegenüber 1990 zu...

This EU supported Specific Targeted Research Project (STREP) had been conducted by a European Consortium composed of eight research institutions. Ifo's part within this larger programme was (a) to analyse the fiscal effects of privatization and (b) to assess the valuation of privatization...

This EU supported Specific Targeted Research Project (STREP) had been conducted by a European Consortium composed of eight research institutions. Ifo's part within this larger programme was (a) to analyse the fiscal effects of privatization and (b) to assess the valuation of privatization...

This paper, first, empirically investigates European emission allowance (EUA) prices and, second, evaluates emission trading as a policy measure. Applying combined jump GARCH models yields strong evidence of conditional jump behavior. This implies that EUA prices are subject to unexpected...

This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized. The jump-GARCH model explains the unsteady carbon...

This paper applies different copulas in order to investigate the complex dependence structure between EU emission allowance (EUA) futures returns and those of other commodities, equity and energy indices. The analysis yields important insights into the relationship between carbon, commodities...

This paper is concerned with carbon price volatility and the underlying causes of large price movements in the European emissions trading market. Based on the application of a combined jump-GARCH model the behavior of EUA prices is characterized. The jump-GARCH model explains the unsteady carbon...

Aktuelle Daten zu den weltweiten Nettostromimporten zeigen, dass in den vergangenen Jahren eine gewisse Dynamik in den Entwicklungen der Nettostromimporte in Europa entstanden ist. So hat Deutschland im Jahr 2008 netto Strom exportiert, während sich für die 1990er sowie die frühen 2000er...