Wind turbines offer significant environmental benefits but also create negative local externalities, such as noise and visual pollution, which can lead to local tensions and community resistance against the…
This paper constructs a new database on public expenditure and revenue and their components, particularly education and health expenditure, covering all world regions over the 1800–2025 period. Human capital…
Auctions with endogenous rationing are motivated by the regulatory requirement of so-called proportionality of public support and are used to allocate support for renewable energy. They reduce the auctioned…
The circumstances into which individuals are born can place fundamental constraints on their future economic opportunities, leading to a mismatch between talent, education and occupation. One major determinant…
During the post-pandemic inflation surge, many central banks used communication about the inflation outlook to limit spillovers from realized to expected inflation. We present novel survey evidence showing that…
Investments in energy technologies are substantially governed by climate policy. We demonstrate analytically that price-based instruments, such as carbon-taxes, and quantity-based regulations, like emission…
