Obtaining reliable data on capital is a recurring challenge when estimating economy-wide productivity growth, especially for developing countries. In this paper I construct energy-based productivity series which use energy consumption instead of capital when making such estimates. I first show...

Die Studie analysiert aktuelle Entwicklungen und Trends in den Ländern Zentral- und Osteuropas sowie Süd- und Südosteuropas und deren Implikationen für die österreichische Regionalpolitik. Das Ziel der Studie ist, einen Beitrag zur Evaluierung der gegenwärtigen Regionalpolitik innerhalb...

This paper introduces digital assets, crypto assets in general, and Central Bank Digital Currency in particular, into an otherwise standard New-Keynesian closed economy model with Financial Frictions. We use this setting to study the impact of a change in preferences towards the use of digital...

International trade in intermediate inputs has been identified as a potentially powerful transmission channel for the propagation of foreign shocks to the domestic economy. Moreover, this channel has been found to be amplified through input-output linkages domestically. This note addresses the...

This paper develops a 'structural political economy' approach to two fundamental tensions that emerged as the eurozone crisis unfolded: real exchange rate misalignments and external debt build-up. The approach builds on a classical legacy going back to Francois Quesnay, who conceptualised...

To mark the 30th anniversary of the fall of the Berlin Wall, this paper aims to assess developments in Central, East and Southeast Europe (CESEE) over the past three decades, and to look forward to what the next 30 years might bring. First, we measure the convergence of per capita income, wages...

Coal is at the core of the debate about climate change mitigation policies, yet the international market for it is not well represented in most energy models. This paper presents the COALMOD framework which is a model of the international steam coal market that can be readily used to explore...

We study the role of whistleblowing in the following inspection game. Two agents who compete for a prize can either behave legally or illegally. After the competition, a controller investigates the agents' behavior. This inspection game has a unique Bayesian equilibrium in mixed strategies. We...

Various attempts have been made to reveal the impact of corona virus on the global economy through interdisciplinary approaches. The ultimate logic behind the strategies adopted by leaders of various economies regarding the first level policy response of lockdown and the and the end level...