It is not yet possible to estimate the extent of the revenue losses due to the coronavirus. Particularly small and medium-sized enterprises, self-employed persons, freelancers, temporary workers or migrant workers still have no idea what they will face. ...
Helicopter Money as a Monetary Policy Instrument to Fight a Crisis
Helicopter money is widely discussed as a possible monetary policy instrument to counter an economic downturn resulting from the corona virus crisis. Here is a summary of chances and risks of this concept: The term „helicopter money“ originally refers ...
Ownership of CO₂ Pollution Rights (2nd edition)
Executive summary: The EU Emission Trading Scheme (EU ETS) introduced CO2 emission certificates in 2005 on the basis of a grandfathering principle (ownership of the certificates by the previous emitting companies) and did not have sufficient effects.& ...
Ownership of CO₂ Pollution Rights
Executive summary: New German CO₂ emission certificates shall be used to achieve climate protection goals.The European certificates based on a grandfathering principle (ownership of the certificates by the previous producers) have not worked.The owner ...