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In order to explain slow growth and high unemployment in the Euro area, in particular if compared to the USA, we follow … a macroeconomic policy view focussing on the more restrictive stance of monetary, fiscal and wage policies in the Euro … macroeconomic performance in the Euro area. The ECB is too exclusively occupied with inflation and wage developments and pays too …
Persistent link: https://www.econbiz.de/10003744533
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This paper analyses the growth effects of EU structural funds using a new panel dataset of 124 NUTS-1 / NUTS-2 regions over the time period 1995-2005. We extend the current literature with regard to at least three aspects: First of all, we extend the time period of investigation, using...
Persistent link: https://www.econbiz.de/10003770912
Persistent link: https://www.econbiz.de/10003784294
The current empirical literature on the impact of EU Cohesion Policy on the economic growth rates of the European regions mainly relies on functional form assumptions. However, it is ex ante not clear which functional form is appropriate with regard to the relationship between structural funds...
Persistent link: https://www.econbiz.de/10003784703
The EU-wide Emission Trading Scheme (ETS), established in 2005, is a key pillar of Europe¿s strategy to attain compliance with the Kyoto Protocol. Under this scheme, CO2 allowances have thus far been allocated largely free of charge. This paper demonstrates that such cost-free allocation,...
Persistent link: https://www.econbiz.de/10003785029
This paper describes the main features of a model developed for fore-casting economic developments, energy demand and greenhouse gas emissions in the EU area and Finland as well as for simulating the economic impacts of EU climate policy. Climate policy analysis necessitates a model of the whole...
Persistent link: https://www.econbiz.de/10003788958
To show global leadership and to foster the international negotiations for a long term international climate regime the EU has decided to reduce its GHG emissions by 20% relative to 1990 until the year 2020. These reductions will even rise to 30% "if there is an international agreement...
Persistent link: https://www.econbiz.de/10003777229
"where-flexibility" of emission abatement thus represents an attractive market-based alternative to the application of border …
Persistent link: https://www.econbiz.de/10003777863
Persistent link: https://www.econbiz.de/10003778119