We propose an easy-to-implement conditional currency carry trade (CT) strategy that excludes regimes for which UIP is likely to hold, namely when interest rate differentials (IRDs) are very large during high foreign exchange (FX) volatility regimes. We find that conditioning a CT strategy on...

This paper analyses how governments in the EU(15) countries have succeeded in stimulating investments in wind turbines between 1985 and 2005. I use four different evaluation criteria (Tobin's Q, Euler equation estimation, investment accelerator model, and the effective marginal tax rate) to...

This paper introduces an incentive incompatibility problem that causes dramatic damage to delicate ecosystems. The aim is to rethink policies that facilitate the introduction of aggressive solid waste in markets with an imperfect infrastructure and in the absence of a secondary market for the...