Abstract: The stagflation phenomenon is regarded as one of the cause of the Keynesian paradigm breakdown in the 1970s. The New Classical school took...
In this paper we study how the electricity market characteristics determines the choices made by electricity generators in the U.S. market for SO2 allowances.
Paper published in Energy Policy – November 2015. The economic implications of oil price shocks have been extensively studied since the 1970s’. Despite this...
In Europe the transport sector contributes about 25% of total GHG emissions, 75% of which come from road transport. Contrarily to industrial emissions road...
Abstract. The standard history of macroeconomics considers Lucas (1976)– “the Lucas Critique” –as a path-breaking innovation for the discipline. According to this view Lucas’s...
