Although economic growth continued to be lukewarm in 2021, tax revenue increased significantly, even exceeding the pre-crisis level despite economic policy measures associated with revenue losses. During the 2008-2011 global financial crisis, tax revenue followed a different path: Its recovery...

Die ungleiche Verteilung natürlicher, Finanz-, und Wissensgüter unterstützen eine ungleichmässige Entwicklung heutiger und zukünftiger Generationen. Die zunehmende Globalisierung und der Klimawandel forcieren hierbei die Probleme. Als Ökonom stellt sich nun die Frage, ob man in die...

This paper assesses the impact of financial turmoil on carbon markets. For the assessment, we offer the price correlation model between financial and carbon assets using the price-volume relationship. In particular, the carbon trading behavior aligned with security trading is incorporated into...

Incentivizing businesses to lower carbon emissions and trade back excess carbon allowances paved the way for rapid growth in carbon credit ETFs. The use of carbon allowances as a hedging alternative fueled this rally further, causing a shift to speculation and forming repetitive bubbles....