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In this study, we explore the relationship between European carbon prices, energy prices and the macroeconomy in boom and bust times. Utilizing a smooth transition structural VAR model, we analyze […]
In March 2020, Luxembourg became the first country in the world to offer free public transport across all modes of transport. We leverage this unique quasi-experimental setting to evaluate whether […]
Social protection programs offer an important policy instrument to manage the poverty, inequality, and other social impacts of climate change. A large literature anecdotally documents the roles that cash transfers, […]