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International Medium-Term Business Cycles

Hirschbühl, Dominik; Spitzer, Martin - 2021

Foreign driven medium-term oscillations that originate from fluctuations in technological frontier countries gained widespread attention among policymakers. To study this phenomenon in the context of domestic and other foreign drivers of the euro area business cycle, we develop a medium-scale,...

Persistent link: https://www.econbiz.de/10013233525

Determinants of Firms’ Efficiency : Do Innovations and Finance Constraints Matter? The Case of European Smes

Bonanno, Graziella - 2020

This paper aims at investigating the relationship between firms' profit efficiency, access to finance and innovation … efficiency in order to increase profitability. Among firms that have embarked in product innovation, those in the industry and … help to better understand the link between innovation, financial constraints and efficiency, which goes beyond the idea …

Persistent link: https://www.econbiz.de/10012831402

Unraveling the drivers of energy-saving technical change

Känzig, Diego R.; Williamson, Charles - 2024

the U.S. economy. Our analysis shows that energy price shocks reduce consumption and stimulate energy-saving innovation …

Persistent link: https://www.econbiz.de/10015199465

Lobbying in Europe : New Firm-Level Evidence

Dellis, Konstantinos - 2017

Lobbying can provide policy makers with important sector-specific information and thereby facilitating informed decisions. If going far beyond this, in particular if successfully influencing policy makers to unnecessarily tighten regulation or not opening already excessively regulated markets,...

Persistent link: https://www.econbiz.de/10012954407

Enterprise Productivity : A Three-Speed Europe

Dall'Olio, Andrea - 2014

Between 2003 and 2008 productivity patterns diverged between the fast growing, newest members of the European Union and the slower paced, elder ones - as would be expected. However, there are also striking divergences within the latter group, with productivity in Southern Europe going into...

Persistent link: https://www.econbiz.de/10013043123

Measuring Institutional Competitiveness in Europe

Huemer, Stefan - 2013

While there are many methods to measure the competitiveness of an economy, most of these concepts ignore the fact that competitiveness can change because of market processes like wage negotiation but also because of political decision-making. Governments that compete with others for factors of...

Persistent link: https://www.econbiz.de/10013081457

Medium Run Redux : Technical Change, Factor Shares and Frictions in the Euro Area

McAdam, Peter - 2008

We develop a framework for analyzing quot;medium-runquot; departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical change) with a below-unitary substitution elasticity...

Persistent link: https://www.econbiz.de/10012771612

The Impact of Extreme Weather Events on Budget Balances and Implications for Fiscal Policy

Lis, Eliza M. - 2009

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...

Persistent link: https://www.econbiz.de/10013159926

Euro Area Banks' Sensitivity to Changes in Carbon Price

Belloni, Marco; Kuik, Friderike; Mingarelli, Luca - 2022

In recent years there has been growing attention on the risks posed by climate change. One relevant question for ﬁnancial stability is to which extent the materialisation of transition risks emerging from the sudden implementation of climate change mitigation policies would impact the...

Persistent link: https://www.econbiz.de/10013297413

LSIs’ Exposures to Climate Change Related Risks : An Approach to Assess Physical Risks

Pagliari, Maria Sole - 2021

This paper proposes an approach to estimate the impact of adverse climatic events on the profitability of small European banks (LSIs). By considering river flooding phenomena, we construct a unique database matching the information on location, frequency and severity of floods with the location...

Persistent link: https://www.econbiz.de/10013243801