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This Working Paper proposes a dynamic equilibrium model to study the transition to a decarbonized economy, the interaction between technology and fiscal policy, and its macroeconomic and well-being effects.
The discussion about the role of natural resources in economic activity is not new, although environmental pressures and the loss of biodiversity have increased its interest.
For a successful transition to a decarbonized economy, public policies must be aligned so that the private sector can multiply its positive impact through the incentive of economic profitability.
The average social welfare in OECD countries would have decreased by 1.9% during the past decade if the damages caused by CO2 emissions had been internalized. Nevertheless, a net intertemporal gain could have been achieved by preventing the mos…
European Commission proposals to mitigate the impact of electricity price inflation on households disposable income and business costs must consider how they affect security of supply and decarbonization.
On June 7, 2022, the European Parliament and EU Member States reached an agreement on the Directive on adequate minimum wages. Despite the arrival of this Directive, differences in minimum wages between EU Member States will continue to exist for as long as there is no convergence in productivity and employment rates.
In recent days, as a result of the publication of the document "The new economic policy in times of the coronavirus", a debate has erupted in the country about whether economic growth should be an objective of economic policy and an adequate measure of development and well-being.
Information is any kind of data-based inference. Conditional to context, information-sharing within markets can either improve or reduce welfare, and it can either foster or subdue competition. These effects will depend on both the nature of th…
Financial Education Day was celebrated in Spain on Monday, October 7. We have also recently started to notice the effects of the beginning of autumn on health.
This paper analyzes the effect of financial participation on consumer's financial vulnerability, which is pervasive in the developing world. The financial behavior of consumers (i.e. financial health) has a greater positive effect on financial …
Para que el sistema de reparto pueda atender al objetivo de suficiencia debe ser viable/sostenible. Si el sistema no es sostenible no podrá garantizar pensiones adecuadas y suficientes, y generará incertidumbres que afectarán negativamente a la inversión, al empleo, al crecimiento y al bienestar.
En este trabajo se analizan los efectos de los sistemas de pensiones de reparto y capitalización sobre el bienestar social
