The Kyoto Protocol mandates a reduction of greenhouse gas emissions to countervail climate change. As a consequence, the EU has introduced the European Emissions Trading Scheme (EU ETS) to achieve a reduction of…
Music can be characterized as an information good and is therefore amenable to digitalization and copying through online sharing networks. Chances and risks arise from digitalization for the producers and right…
Oil revenues play an important role in the political economy of Iran. On average, 60% of the Iranian government revenues and 90% of export revenues originate from oil and gas resources. Current international…
Religion is increasingly acknowledged to be a cultural dimension which affects economic outcomes in different regards. This contribution focuses on religion’s possible impact on the size of the shadow economy.…
We quantify the fiscal multipliers in response to the American Recovery and Reinvestment Act (ARRA) of 2009. We extend the benchmark Smets-Wouters (Smets and Wouters, 2007) New Keynesian model, allowing for…
Environmental regulation. What economists usually associate with these words are barriers to competitiveness. The association of Porter (1991) and Porter and van der Linde (1995) is a different one. By relying…
