When the first phase of the crisis focused primarily on the interbank market volatility, the second phase spread on the instability of public finance. Although the overall stance of public finances of the new members is better than the old member countries, the differences within the new group...

This study adds to the literature on decarbonisation of the global energy system. We employ a detailed and long dataset that covers a period of nearly two centuries for the G7 countries. We link the scale of economic activity to the notion of environmental quality and employ nonlinear...