In this paper, we investigate, based on a representative sample of Swiss and German firms, the impact of foreign green energy related policies on domestic innovation activities. Under control of the respective domestic policy stringency, we find a significant positive effect of foreign...

We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...