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  1. Central bank independence and inflation preferences: new empirical evidence on the effects on inflation
    Published: July 2019
    Publisher:  Bank of Greece, Athens

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 501
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Bank of Greece ; 265
    Subjects: Zentralbankunabhängigkeit; Inflation; Panel; Welt
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  2. The climate change challenge and fiscal instruments and policies in the EU

    Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse... more

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 535
    No inter-library loan

     

    Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse gas emissions targets. This paper analyses the main fiscal instruments in place in European Union Member States, focusing on specific issues, such as the fiscal impact of extreme weather events, the interaction between debt sustainability and climate change, the green investment gap and the distributional impact of climate policies. The paper aims to provide an overview of existing fiscal policies and of the main fiscal challenges for a comprehensive European climate change strategy.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289960595
    Other identifier:
    hdl: 10419/278426
    Series: Occasional paper series / European Central Bank ; no 315
    Subjects: climate change; carbon tax; debt sustainability; green investment,extreme weather events; redistribution
    Scope: 1 Online-Ressource (61 Seiten), Illustrationen
  3. The climate change challenge and fiscal instruments and policies in the EU

    Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Unlimited inter-library loan, copies and loan

     

    Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse gas emissions targets. This paper analyses the main fiscal instruments in place in European Union Member States, focusing on specific issues, such as the fiscal impact of extreme weather events, the interaction between debt sustainability and climate change, the green investment gap and the distributional impact of climate policies. The paper aims to provide an overview of existing fiscal policies and of the main fiscal challenges for a comprehensive European climate change strategy.

     

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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289960595
    Other identifier:
    hdl: 10419/278426
    Series: Occasional paper series / European Central Bank ; no 315
    Subjects: climate change; carbon tax; debt sustainability; green investment,extreme weather events; redistribution
    Scope: 1 Online-Ressource (61 Seiten), Illustrationen
  4. Recent advances in the literature on capital flow management

    Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 535
    No inter-library loan

     

    Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new evidence for the effectiveness of capital flow management policies in achieving macroeconomic and financial stability. Particular attention is paid to literature that has been used by the International Monetary Fund (IMF) to underpin its so-called Integrated Policy Framework, in which the roles of monetary, exchange rate, macroprudential and capital flow management policies are considered jointly. The literature published since the global financial crisis continues to affirm the effectiveness of capital flow management measures (CFMs) in addressing financial stability risks resulting from capital flow reversals; at the same time, however, it also continues to underscore that such policies should not substitute for warranted economic adjustments and structural reforms. Even so, recent literature also provides a case for considering, under certain circumstances, "precautionary" CFMs which could be applied to capital inflows to prevent a boom-and-bust cycle from being set in motion. This paper also highlights the need for further work on the longterm effects of such precautionary instruments, as well as their joint use with monetary policy instruments. Regarding capital flow management policies within the domain of central banks, the literature points to the usefulness of foreign exchange interventions (FXIs) in mitigating financial stability risks in countries with specific characteristics such as currency mismatches, borrowing constraints and shallow foreign exchange markets that are common to emerging market and developing economies alike. However, the literature also warns that such measures may reduce economic agents' incentives to hedge against currency risks, with the result that unfavourable initial conditions become further entrenched. More research is therefore needed to better understand the long-run effects of FXIs with respect to financial development and central bank credibility.

     

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289960618
    Other identifier:
    Edition: Revised September 2023
    Series: Occasional paper series / European Central Bank ; no 317
    Subjects: capital controls; short-term capital movements
    Scope: 1 Online-Ressource (circa 72 Seiten), Illustrationen
  5. Growth effects of corporate balance sheet adjustments in the EU
    an econometric & model-based assessment
    Published: 2018
    Publisher:  Publications Office of the European Union, Luxembourg

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 289 (76)
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789279774065
    Other identifier:
    Series: Array ; 076 (March 2018)
    Subjects: corporate deleveraging; growth effects; IV estimation; DSGE model; collateral constraints; European Union
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen