The study will provide a quantitative and qualitative assessment of the impact of the State aid rules for banks, which will serve as evidence for the evaluation of the State aid rules applicable to banks in difficulty since their entry into force in end-2008.
We present an economics framework appropriate to the exceptionally broad scope of the climate change problem. This considers that economic and social processes, particularly those involved in purposive transitions of energy technologies and systems, involve the interplay between three distinct domains of decision-making and associated actors. The first concerns small-scale and often short-term decision-making, ...
Studies of the crude oil market based on structural vector autoregressive (VAR) models typically assume a time-invariant model and transmission of shocks and possibly allow for heteroskedasticity by using robust inference procedures. We assume a heteroskedastic reduced-form VAR model with time-invariant slope coefficients and explicitly consider the possibility of time-varying shock transmission due ...
Most climate and energy scenarios created by international organizations and researchers include a considerable expansion of nuclear energy. In the IPCC Sixth Assessment Report, for example, nuclear energy increases from a current 3,000 terawatt hours on average to over 6,000 terawatt hours in 2050 and to over 12,000 terawatt hours in 2100. This doubling and quadrupling of nuclear energy production ...
Eine lange Periode niedriger Zinsen und wachsender Zentralbankbilanzen hat nicht nur mehr Staatsausgaben, sondern auch hohe Vermögens- und schließlich Konsumentenpreisinflation nach sich gezogen. Gleichzeitig sind eine dichtere Regulierung, wachsende Tendenzen zu Deglobalisierung und überhitzte Arbeitsmärkte zu beobachten. Der Beitrag analysiert die Rolle der anhaltend lockeren Geldpolitiken der großen ...