prices in its favor. The deposit-purchase policy is inefficient since it leaves the first-period climate damage externality … non-internalized, which is in stark contrast to the efficiency of the deposit-purchase policy in static models. However …, for a proper subset of economies the deposit-lease policy turns out to be efficient. It internalizes the climate damage …

This paper analyses post-war coping strategies by farm households in developing countries. The analysis is based on a … differ from pre- and mid-crisis coping strategies. War-affected households are forced to adopt very risky coping strategies … that re-enforce their vulnerability. Households choose between market and non-market forms of exchange and even exit …

We use surveys of German households and firms to study the extent of information frictions among different groups of … with expert forecasts and less dispersed than households'. Moreover, firms update their policy rate expectations … significantly less when provided with an expert forecast and do not extrapolate to expected own borrowing rates, while households …