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Persistent link: https://www.econbiz.de/10012392495
should not risk being caught again in the role of 'the only game in town.' …
Persistent link: https://www.econbiz.de/10012794760
In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for "greening" them to meet the dual goals of economic recovery and...
Persistent link: https://www.econbiz.de/10012796277
This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results suggest that the tightening of environmental policies since the early 1990s have made a statistically and economically significant contribution to the increase in clean...
Persistent link: https://www.econbiz.de/10012605122
The UK has pledged to cut greenhouse gases 57 percent below 1990 levels by 2030, to be emisisons neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...
Persistent link: https://www.econbiz.de/10012485949
We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with respect to trade uncertainty. We find that the...
Persistent link: https://www.econbiz.de/10011978678
Persistent link: https://www.econbiz.de/10001546846
Systemic risk remains a major concern to policymakers since widespread defaults in the corporate and financial sectors … could pose substantial costs to society. Forward-looking measures and/or indicators of systemic default risk are thus needed … systemic default risk indicators using the information embedded in single-tranche standardized collateralized debt obligations …
Persistent link: https://www.econbiz.de/10014400379
How did expectations of the outcome of the United Kingdom's (UK) referendum on European Union (EU) membership in 2016 … for most sub-sectors, and negative spill-overs to other EU member countries. We show that the differential impact across …
Persistent link: https://www.econbiz.de/10012517941
in presence of increasing sovereign default risk of some EU member countries. The moral hazard created by risk sharing … space. We build on the model by Berger and others (2019) to compare gains from alternative mechanisms of EU fiscal … integration in the presence of moral hazard. We show that any EU response strategy to the COVID-19 crisis excluding mutual …
Persistent link: https://www.econbiz.de/10012302037