Das EU-Budget für die Periode 2021 bis 2027 muss sich stärker als bisher am europäischen Mehrwert orientieren, um angesichts der kontroversiellen Positionen der Mitgliedsländer und deren primärer Orientierung an der Nettoposition eine Einigung zu ermöglichen. Eine weitere Stärkung des...

This study presents in detail the concept of a financial transaction tax (FTT) and the theoretical and empirical evidence in favour and against introducing it, the potential revenues, different implementation designs and its ability to correct various market failures. We analyse the benefits and...

Der öffentliche Sektor als Produzent und Konsument von Gütern und Dienstleistungen spielt für Fortschritte in Hinblick auf die ökologische Entwicklung eines Landes eine wichtige Rolle. Das Working Paper beschäftigt sich mit der Erfassung der ökologisch relevanten öffentlichen Ausgaben in...

In view of the challenges posed by climate change and the increase in climate targets by 2030 in the EU, as well as Austria's goal of achieving climate neutrality by 2040, the question of effective climate policy instruments is gaining in importance. The pricing of CO2, for instance in the form...

While environmental taxes aim at making environmentally harmful behaviour more costly, the opposite is true for environmentally beneficial tax incentives. Tax incentives imply foregone public revenues to favour less polluting consumption and investment activities in order to achieve...

As governments spend unprecedented sums of public money on pandemic related rescue and recovery measures, while humankind is facing mounting long-term challenges - and above all the climate crisis -, the question whether and to what extent COVID-19 recovery programmes contribute to countries'...

Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...

The New View on fiscal policy (as coined by Furman 2016) represents a rethinking of the main-stream consensus on the optimal macroeconomic policy mix. It focuses on a reassessment of the relative effectiveness of fiscal policy and its ability to stabilise the economy when monetary policy reaches...

We present a novel approach for analyzing the effects of EU cohesion policy on local economic activity. For all municipalities in the border area of the Czech Republic, Germany and Poland, we collect project-level data on EU funding in the period between 2007 and 2013. Using night light emission...

This study investigates whether there is a link between the successful implementation of European co-hesion policy and the voters' attitudes towards the EU. Using the French presidential elections in 2017 as a case study, we do not solely consider regional funds expenditures but also its induced...