Tax Expenditures and Sustainability
Agustin Redonda | 8 October 2015
Fiscal,
Blog | Tags:
Renewables,
Tax Expenditures
What do 1.8 billion Euro given to Italian farmers, 69.7 billion US$ provided to US homeowners, and 75 billion A$ allocated to support the retirement income system in Australia have in common? They are channeled through tax expenditures.
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Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam and
Junyi Zhu | 17 September 2015
Monetary,
Working Papers | Tags:
Inequality,
Inflation
We document the presence of sizable nominal wealth redistribution effects from unexpected price level movements in the Euro Area (EA), using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net loser of unexpected
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Low Interest Rates: An Opportunity for Renewables
Pierre Monnin | 8 July 2015
Monetary,
Blog | Tags:
Energy,
Interest Rates
Putting the economy on an environmentally sustainable path requires a serious shift into green technologies. Such a shift includes substantial investments in technologies that are based on renewable energy to produce electricity – referred to hereinafter as “green energy technologies”. Interest rates directly and significantly
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The Impact of Interest Rates on Electricity Production Costs
Pierre Monnin | 25 June 2015
Monetary,
Discussion Notes | Tags:
Energy,
Interest Rates
Putting the economy on an environmentally sustainable path requires substantial investments in green energy technologies. Long-term interest rates play a crucial role for energy investments. Against this background, we study the impact of interest rates on the costs of producing electricity with different technologies, using
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Services Trade and Employment
Johannes Schwarzer | 7 June 2015
Trade,
Discussion Notes | Tags:
Employment,
Global Value Chains,
Services Trade
Driven by spectacular technological advances and the emergence and intensification of global value chains, trade in services has been the most dynamic part of global trade over recent years. All regions of the world have witnessed growth in services trade, albeit at different paces. Europe
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