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Recent literature on biofuels has questioned whether biofuels policies are likely to reduce the negative effects of climate change. In this paper we make two contributions to the literature. First, we study the market effects of a renewable fuel standard in a dynamic model taking into account...
Persistent link: https://www.econbiz.de/10010336584
-research performed within SIMPATIC (www.simpatic.eu). To analyse the impact of public R&D on growth, we need to complement the micro … GDP growth and jobs in applied macro-models most commonly used in EU policy analysis. We focus particularly on the NEMESIS …
Persistent link: https://www.econbiz.de/10011432994
The paper investigates the macroeconomic and financial effects of oil prices shocks in the euro area since its creation in 1999, with a special focus on the recent slump. The analysis is carried out episode by episode, within a time-varying parameter framework, consistent with the view that "not...
Persistent link: https://www.econbiz.de/10011451685
Persistent link: https://www.econbiz.de/10012135785
This paper provides a pan-European assessment of EU credit guarantees to SMEs. Synthesizing past research, it … investigates the firm-level economic impact of over 360,000 guaranteed loans under the EU MAP and CIP programmes from 2002 to 2016 …
Persistent link: https://www.econbiz.de/10012021696
-led trade war against China and its immediate consequences for China, the US and the EU. Although protectionism can never be … concentrated in sectors that are also key for the EU’s exports to China, with the exception of energy and agricultural products … for the US but also for the EU and the rest of the world. Against this background, this paper reviews the EU’s options in …
Persistent link: https://www.econbiz.de/10011993235
The present research has been developed within the EU FP7 VECTORS project (http://www.marine-vectors.eu/). The main … economic effect of future changes in the EU marine ecosystem in the medium term (2030). We focus on those changes potentially … following deterioration of marine ecosystem quality. Impacts on EU coastal countries Gross Domestic Product are negative and …
Persistent link: https://www.econbiz.de/10010493035
the EU, preventing the exploitation of the potential benefits of full market integration - (2) "Complementary policies" to …
Persistent link: https://www.econbiz.de/10010493892
Standard simple-sum monetary aggregates, like M3, sum up monetary assets that are imperfect substitutes and provide different transaction and investment services. Divisia monetary aggregates, originated from Barnett (1980), are derived from economic aggregation and index number theory and aim to...
Persistent link: https://www.econbiz.de/10010423794