Cost of renewable energies have dropped, approaching wholesale power price levels. As a result, the role of renewable energy policy design is shifting – from covering incremental costs towards facilitating risk-hedging. An analytical model of the financing structure of renewable investment projects is developed to assess this effect und used to compare different policy design choices: contracts for ...
Although economic growth continued to be lukewarm in 2021, tax revenue increased significantly, even exceeding the pre-crisis level despite economic policy measures associated with revenue losses. During the 2008-2011 global financial crisis, tax revenue followed a different path: Its recovery lagged behind economic recovery, first reaching the pre-crisis level in 2011. In 2021, value-added tax (VAT) ...
Auch wenn die wirtschaftliche Entwicklung in Deutschland weiter lahmt, legen im Jahr 2021 die Steuereinnahmen trotz der mit Mindereinnahmen verbundenen wirtschaftspolitischen Maßnahmen deutlich zu und überschreiten ihr Vorkrisenniveau. Während der Finanzkrise 2008 bis 2011 war dies anders: Die wirtschaftliche Erholung war der Steuerentwicklung vorgelagert. Erst im Jahr 2011 wurde das Vorkrisenniveau ...
We study the rapidly growing literature on the causal effects of financial education programs in a meta-analysis of 76 randomized experiments with a total sample size of over 160,000 individuals. Many of these experiments are published in top economics and finance journals. The evidence shows that financial education programs have, on average, positive causal treatment effects on financial knowledge ...
