Start-ups are an important component of driving context-sensitive sustainable development in emerging markets based on domestic innovation. However, knowledge on how best to support the capabilities, networks and access to finance of such ventures is limited, specifically in emerging markets. In...

In the Republic of Moldova, agricultural policies aim to increase the compettveness of its farming sector, ensure the sustainable management of its natural resources and improve the living standards in rural areas. The state is an important player, allocatng fnancial resources for supportng...

This study uses a Computable General Equilibrium (CGE) model to analyse how mitigation and adaptation strategies affect climate change impacts in Ireland. Five impacts-coastal flooding, riverine flooding, heat on labour productivity, human health, and agricultural productivity-are incorporated,...

Designing and implementing effective and efficient climate policies requires an understanding of climate change impacts. However, the estimation of climate change impacts remains lacking, without an understanding of the sectoral details of climate change impacts and their further impacts on the...

This paper provides an overview of stress-testing methodologies in Europe, with a focus on the advancements made by the European Central Bank's Financial Stability Committee Working Group on Stress Testing (WGST). Over a four-year period, the WGST played a pivotal role in refining stress-testing...

Directed acyclic graphs (DAGs) provide a transparent framework for encoding causal structures and identifying causal effects. This paper demonstrates how DAGs help specify local projections (LPs) for estimating causal impulse responses. Examples illustrate how graphical rules can be used to...

Numerous empirical studies indicate that social media use is correlated with, and sometimes might be causing, mental harms like addiction, anxiety and depression, or lowering of cognitive abilities. In 2023, the European Parliament called on the European Commission to introduce new rules to...

Die vorliegende Studie geht der Frage nach, inwieweit an angelsächsischen Vorbildern orientierte Organizing-Konzepte, die seit Mitte der 2000er Jahre zunehmend Eingang in die gewerkschaftliche Praxis gefunden haben, zu einer Stabilisierung des Tarifsystems beitragen können. Die Erwartung dabei...

The prominence of Energy Performance Contracting (EPC) has grown particularly dramatically in recent years, prompting countries to enact policies aimed at fostering wider EPC adoption and backing up the growth of Energy Service Companies (ESCOs). However, the effectiveness of these overarching...

The global transition toward renewable energy is vital for achieving climate goals and strengthening energy security. The primary objective of the study is to examine the impact of different stances of monetary policy, namely price-based, quantity-based, and outcome-based monetary policy, on...

Using information from the ECB's Bank Lending Survey, we examine how the implementation of borrower-based macroprudential measures (BBMs) between 2009-Q1 and 2023-Q3 affected mortgage lending standards in a sample of 15 euro area countries. We find that banks generally tightened credit standards...

This paper presents a novel model comparison to examine the challenges posed by changes in carbon-intensive energy prices for monetary policy. The employed environmental monetary models have a detailed multi-sector structure. The comparison assesses the effects of both a temporary and a...

This paper analyzes heterogeneity in post-pandemic labor market adjustment across industries, contrasting healthcare and social assistance with leisure and hospitality. Using CPS monthly microdata (2015-2023), JOLTS separations, and LEHD Jobto-Job flows, we estimate sector-specific...

This paper examines the interaction between quantitative easing (QE) and the securities lending facility (SLF) using a detailed dataset on Riksbank QE purchases, Swedish DMO SLF transactions and OTC repo deals. A theoretical model further shows how excess demand for assets and search frictions...

We provide new evidence on the effects of fiscal consolidation measures on output, unemployment, income inequality and consumer price inflation. To identify causal impacts, we use a narrative-based instrumental variable strategy drawing on historical records of exogenous fiscal changes motivated...

We examine the impact of monetary and non-monetary incentives, individually and combined, on residential electricity consumption. A field experiment in Switzerland provided all participants with access to a custom-developed app offering feedback on electricity use and energy-saving tips. In...