Even if all greenhouse gas emissions stopped at once, temperatures are predicted to continue rising due to the inertia of the climate system. As skiing tourism in the Austrian Alps is highly climate sensitive, higher temperature and changed precipitation patterns require increased artificial...

Reassess the size of the fiscal multiplier in times of crisis Non-Ricardian DSGE model with a detailed fiscal sector Multipliers tend to be larger in times of crisis

The repeated occurrence of high food price spells has started intensive research on the impacts of these events on income distribution and poverty, in particular. Initial empirical work attempting to assess the poverty impacts used first-order analysis using household data that differentiates...

This paper builds spatial microfoundations for the functional forms used in the analysis of inter-jurisdictional public spending spillovers. The paper introduces a symmetric bilateral model that distinguishes between three stages: production of multiple public inputs (intermediary goods),...

The experience of the last decades revealed the weakening of the relationship between inflation and a domestic output gap in many small open economies. However we may expect that there is still a substantial share of inflation basket which is sensitive to domestic economic activity, in...

Inflation persistence and its role for efficient monetary policy has been given a lot of attention in empirical literature. The main contribution has been made by the Inflation Persistence Network, seeking to assess the level of persistence in the euro zone countries, the influence of the...

This paper uses an OLG CGE model for the UK to illustrate the long-term effect on migration on the macroeconomy. As an illustration we use current UK government's migration target to reduce net migration "from hundreds of thousands to tens of thousands". Achieving this target would require to...

Work incentives are closely related with production performance. This paper presents evidence that firm level value added increases when the relative labour cost rises, or the level of unemployment increases. Both facts imply evidence in favour of the efficiency wage model. This theory is...

Turkey has experienced substantial structural change in the last decade. In this paper, with the aid of our developed structural macro model, we attempted to assess the impact of this structural change on future macroeconomic indicators. Some of Turkey’s structural developments such as the...

This article proposes empirical tools to account for the role of heterogeneities in search and matching theories applied to labour economics, and shows an application to the Andalusian labour market which relies on individual microdata. Firstly, by considering that the labour market is segmented...