The visible encroachment of industrial development on the environment, and its unintended consequences, has increased public demand for better environmental management and policy. As policy makers struggle to meet these demands, empirical analysis of the effects of environmental policies is...

Intro -- Content -- Preface -- Summary -- 1. Introduction -- 1.1 Background -- 1.2 Objective of the Report -- 1.3 Contents of the Report -- 2. Auctioning -- 2.1 Background -- 2.2 Auctioning formats -- 2.3 Pros and cons of different schedules for auctioning -- 2.4 EU wide auctioning vs. national...

Zusammenfassung Dieser Beitrag liefert einen Uberblick über die Bedeutung asymmetrischer makroökonomischer Strukturen in den EWU Mitgliedsländern für die einheitliche Geldpolitik. Zunächst wird im Rahmen eines Modells illustriert, welche grundsätzliche Bedeutung asymmetrischen...

Two seemingly unconnected empirical results suggest an intriguing mechanism. First, economic integration helps harmonize prices internationally, with trade being the primary channel (Rogoff 1996, Goldberg and Knetter 1997). Second, monetary union may greatly increase the amount of trade among...