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Hicks in HANK : fiscal responses to an energy shock

Bayer, Christian; Kriwoluzky, Alexander; Müller, Gernot J. - 2023

The distributional and disruptive effects of energy supply shocks are potentially large. We study the effectiveness of alternative fiscal responses in a two-country HANK model that we calibrate to the euro area. Energy subsidies can stabilize the domestic economy, but are fiscally costly and...

Persistent link: https://www.econbiz.de/10014391466

On curbing the rise in energy prices : an examination of different mitigation approaches

Hinterlang, Natascha; Jäger, Marius; Stähler, Nikolai; … - 2024

The dependency on imported essential production inputs poses a threat of abrupt price hikes and shortages, potentially triggered by political events. The energy crisis resulting from the Russian war of aggression is an example. This paper investigates whether governments should bolster...

Persistent link: https://www.econbiz.de/10014501100

Why "energy price brakes" encourage moral hazard, raise energy prices, and reinforce energy savings

Dertwinkel-Kalt, Markus; Wey, Christian - 2023

To help households and firms with exploding energy costs in the aftermath of the Ukraine war, a new policy called the "energy price brake" was implemented. A unique feature of this relief measure is that it provides a transfer that increases in the consumer's contractual per-unit price of...

Persistent link: https://www.econbiz.de/10014366777

Tit for tat : how hotel guests can be convinced to do their part to reduce energy consumption

Steiger, Robert; Scholl-Grissemann, Ursula; … - In: Tourism management : research, policies, practice 106 (2025), pp. 1-16

Persistent link: https://www.econbiz.de/10015077889

Globalization, EU enlargement and income distribution

Breuss, Fritz - 2007

factors of production (capital and labor). In contrast, the consequences of FDI from the capital abundant country (EU) to the … country CGE model, including the EU and the CEEC. A panel regression for both regions separately, helps to decide empirically … advantage (increase in global net trade) has contributed to a decline in the labor income shares in the EU. Additionally, those …

Persistent link: https://www.econbiz.de/10011347055

"Putting the pieces together … an EU model BIT?"

Reinisch, August - In: The journal of world investment & trade : law, … 15 (2014) 3/4, pp. 679-704

Persistent link: https://www.econbiz.de/10010431391

The DLT sandbox under the pilot-regulation

Zetzsche, Dirk; Woxholth, Jannik - 2021

firms a set of exemptions from EU financial law allowing them to test distributed ledger technologies (DLTs) in certain … education of EU regulators about DLTs in this context, which may come to form the basis for foundational changes to EU law. The … PilotR Proposal constitutes a significant step towards a future-proof EU fintech framework. We appreciate the European scale …

Persistent link: https://www.econbiz.de/10012587627

How does European integration affect the European stock markets?

Erdogan, Burcu - 2009

This paper examines the integration of stock markets in Germany, France, Netherlands, Ireland and UK over January 1973-August 2008 at the aggregate market and industry level considering the following industries: basic materials, consumer goods, industrials, consumer services, health care and...

Persistent link: https://www.econbiz.de/10010291779

The European Union's service directive: Contrasting ex ante estimates with empirical evidence

Dettmer, Bianka - 2012

on a sample of EU- and non-EU countries in the period 2004 to 2010. We account for non-tariff trade barriers and the … European value-added-chain and promote business service exports from third countries towards the EU. The reorientation of the … new members is in turn associated with declining intra-EU10 business intensities while leaving business trade among the …

Persistent link: https://www.econbiz.de/10010291830

Import protection, business cycles, and exchange rates: Evidence from the great recession

Bown, Chad P.; Crowley, Meredith A. - 2011

This paper uses highly detailed, quarterly data for five major industrialized economies to estimate the impact of macroeconomic fluctuations on import protection policies over 1988:Q1 - 2010:Q4. First, estimates on a pre-Great Recession sample of data provide evidence of two key relationships....

Persistent link: https://www.econbiz.de/10010292150