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The objective of this paper is to assess the likely allocation effects of the current cli-mate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the...
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budgets in several countries of the euro area. This has led to large liquidity flows into Germany. This situation is expected … economy in the longer term. The boom and bust cycles experienced in some euro area countries in recent years may illustrate …
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