Dieser Beitrag untersucht die Folgen einer polit-ökonomischen Betrachtung des europäischen Emissionshandels (ETS) für die ökonomisch optimale klima- und energiepolitische Instrumentenwahl. Die aus dem wirtschaftswissenschaftlichen Raum prominent vorgetragene Forderung, die energiepolitische...

Reaching a better understanding of the politics and policies of transitions presents a main agenda item in the emerging field of sustainability transitions. One important requirement for these transitions, such as the move towards a decarbonized energy system, is the redirection and acceleration...

This paper investigates the relevance of the No-Ponzi game condition for public debt (i.e. the public debt growth rate has to be lower than the real interest rate, a necessary assumption for Ricardian equivalence) and of the transversality condition for the GDP growth rate (i.e. the GDP growth...

Die von der Bundesregierung - jüngst im Rahmen des Energiekonzepts und der sog. Energiewende verkündeten - Zielvorgaben verdeutlichen, dass fundamentale Strukturveränderungen im Energiesystem, eine weitgehende Abkehr von kohlenstoffintensiven fossilen Energieträgern und ein mittelfristiger...

This paper analyses the problem faced by CEECs wishing to join the Euro who must hit both an inflation and exchange rate criterion during a period of nominal convergence. This process requires either an inflation differential, an appreciating nominal exchange rate, or a combination of the two,...

We study the incidence of carbon-reduction and green-energy promotion policies in an open fossil-fuel importing general equilibrium economy. The focus is on mixed price-based or quantity-based policies. Instruments directed toward promoting green energy are shown to reduce also carbon emissions...

Policies that would create net benefits for society but would also involve costs frequently lack the necessary support to be enacted because losses loom larger than gains psychologically. To reduce this harmful consequence of loss aversion, we propose a new type of policy bundling technique in...