The aim of this paper is to evaluate the welfare gains from financial integration for developing and emerging market economies. To do so, we build a stochastic endogenous growth model for a small open economy that can (i) borrow from the rest of the world, (ii) invest in foreign assets, and...

To help design policies encouraging renewable energy generation and flexible power systems at the household level, better knowledge about the welfare gains from such technologies is necessary. In this paper, we appraise these gains by considering the optimal behavior of a UK household. Contrary...