WORKING PAPER | This paper discusses the institutional requirements for fiscal capacity building and the introduction of a Eurozone Treasury.

WORKING PAPER | In this paper we develop a multi-regime global VAR model to study the spill-over effects in financial markets.

WORKING PAPER | The United Nation’s 2016 Paris Agreement, negotiated by 195 countries, creates a framework for keeping global temperatures from rising more than 2 degrees celsius. The next task is determining how to pay for it in a fair way.

WORKING PAPER | The issue of who is responsible for funding climate mitigation and adaptation is central to climate negotiations.

WORKING PAPER | The shale industry’s poor market position is due to both external market forces and questionable business practices.

BOOK ANNOUNCEMENT | SCEPA Economist Willi Semmler published a new book, Reconstructing Keynesian Macroeconomics Volume 3…

WORKING PAPER | This working paper, published in the Journal of International Money and Finance, is an expansion on the policy note, 'The Role of Financial Stress in Debt and Recovery.'

WORKING PAPER | This paper analyzes the feedback mechanisms between economic downturns and financial stress for several euro-area countries.

WORKING PAPER | This working paper clarifies one of the most important aspects in evaluating the SCC in IAMs - the damage function - which maps environmental changes to economic impacts.

POLICY NOTE | This research contradicts the highly cited Rienhart and Rogoff study, which states that debt higher than 90% of GDP will negatively affect a country's economic growth.

WORKING PAPER | This paper sets up a baseline, advanced and complete model representing goods market dynamics, heterogeneous labor markets, wage-price adjustment processes, and counter-cyclical government policies.

WORKING PAPER | In the aftermath of the 2007-2008 financial crisis, President Obama signed the Dodd–Frank Act into law on July 21, 2010.

WORKING PAPER | This working paper analyzes when and how we should transition to green energy.

POLICY NOTE | Part of the public skepticism towards the transition to renewable energy and implementing mitigation policies is caused by the fear of job losses.

POLICY NOTE | This note offers policy recommendations based on empirical support that shows current account imbalances in the EMU are unsustainable and may jeopardize stability in the Euro Area.

WORKING PAPER | Evidence suggests that the introduction of the EMU is associated with a shift from sustainability to unsustainability of external debt accumulation among the Euro countries considered.

WORKING PAPER | The causes of the present crisis are largely to be found in the unregulated development of new financial products and in the over-expansion of the financial sector.

WORKING PAPER | In this working paper, the authors analyze a basic growth model where they allow for global warming.

POLICY NOTE | The relationship between productivity growth and unemployment has been debated since the birth of classical economics.

POLICY NOTE | This paper relates Okun's theory about economic growth and unemployment to the recent discussion on jobless recovery.