We discuss some difficulties in a dynamic New-Keynesian model with staggered price setting à la Calvo and a convex capital adjustment cost at the firm level, as considered by Woodford (2003, Ch. 5). It is shown that the implied simultaneous price setting and investment decision has not been...

We model capital accumulation in a dynamic New-Keynesian model with staggered price setting à la Calvo. It is assumed that firms do not have access to a rental market for capital. We compare our model with an alternative specification where households accumulate capital and rent it to firms....

The objective of this work was to explore energy transition trajectories in China and Latin America, indicating their synergies and potential. Starting from a description of the Energy Transition Index (ETI) and an explanation of its methodology, we sought to map the global energy transition,...

Encouraging the development of tourism activities represents an occupational alternative for the rural labour force. It is a significant way to diversify the economic activities in the countryside. Finally, it is a stabilizing factor for the rural population. The objective of this paper is to...

The reform option on the Standing Multilateral Mechanism (SMM) currently under discussion at UNCITRAL's Working Group III (WGIII) has raised a number of important, systemic concerns for the procedural reforms of investor-State dispute settlement. This paper first seeks to situate the discussions...

International corporate tax system does not succeed very well in taxing the cross-border business of the multinational enterprises. Therefore, both the European Union (EU) and the Organization for Economic Cooperation and Development (OECD) have proposed several tax reforms. We recognize in this...