Title:Mobilizing Cities towards a Low Carbon Future: Tambourines, Carrots and Sticks
Author(s):MEEUS, Leonardo; DELARUE, ErikDate:2011Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In the transition towards a decarbonized energy system, we need city authorities to lead by example as
public actors, to govern the actions of the private urban actors as local policy makers, and to conceive
and manage ...
Title:Modeling the Cost of Achieving a Renewable Energy Target: Does it Pay to Cooperate Across Borders?
Author(s):SAGUAN, Marcelo; MEEUS, LeonardoDate:2011-09-01Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Electricity markets are increasingly integrated across borders, but transmission and renewable energy
policies often remain local and uncoordinated. In this paper, we analyze how cooperative behavior in
developing renewable ...
Title:Modelling the effects of nuclear fuel reservoir operation in a competitive electricity market
Author(s):LYKIDI, Maria; GLACHANT, Jean-Michel; GOURDEL, PascalDate:2010Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:In many countries, the electricity systems are quitting the vertically integrated monopoly
organization for an operation framed by competitive markets. In such a competitive regime one
can ask what the optimal management ...
Title:A Modern Reconsideration of the Theory of Optimal Currency Areas
Author(s):CORSETTI, GiancarloDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:What can be learnt from revisiting the Optimal Currency Areas (OCA) theory 50
years from its birth, in light of recent advances in open economy macro and monetary
theory? This paper presents a stylized micro-founded model ...
Title:Monetary Policy and Mismeasured Inflation
Author(s):WEBER, HenningDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:I examine the standard New Keynesian model augmented with product entry and
exit. The statistical agency in the model measures product entry with a delay. Consequently,
measured in
ation departs from true, utility-based ...
Title:Monetary Politics in a Monetary Union: A Note on Common Agency with Rational Expectations
Author(s):RUTA, MicheleDate:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:Is the politicisation of monetary policy in a currency union desirable? This paper shows that in a
setting where political influence by national governments is modeled as a common agency game with
rational expectations, ...
Title:Money, Financial Stability and Efficiency
Author(s):ALLEN, Franklin; CARLETTI, Elena; GALE, DouglasDate:2011-01-16Type of Publication:Working PaperSeries/Report no.:Wharton Financial Institutions CenterAbstract:Most analyses of banking crises assume that banks use real contracts. However, in
practice contracts are nominal and this is what is assumed here. We consider a standard
banking model with aggregate return risk, aggregate ...
Title:Money, Financial Stability and Efficiency
Author(s):ALLEN, Franklin; CARLETTI, Elena; GALE, DouglasDate:2011-01-01Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Most analyses of banking crises assume that banks use real contracts. However, in practice contracts are nominal and this is what is assumed here. We consider a standard banking model with aggregate return risk, aggregate ...
Title:Moral Hazard in Hierarchies and Soft Information
Author(s):ANGELUCCI, Charles; RUSSO, AntonioDate:2012Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:We investigate the scope for supervisory activities in organizations in which information is non-verifiable (i.e. soft) and opportunism severe. A principal-supervisor agent hierarchy is considered. Side-contracts between ...
Title:The Moroccan Party of Justice and Development in Local Government: Do Islamists Govern Differently?
Author(s):PELLICER, Miquel; WEGNER, EvaDate:2009Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:This paper investigates local government practices during the first tenure of office of the Islamist
Moroccan Party of Justice and Development (PJD). We consider three cases of PJD governance, the
towns of Ksar al-Kebir, ...
Title:Much Ado about Pluto? The ‘Unity of the Legal Order of the European Union’ Revisited
Author(s):HERRMANN, Christoph W.Date:2007Type of Publication:Working PaperSeries/Report no.:EUI RSCASAbstract:The European Union is commonly described as a temple-like construction resting upon three pillars. Whereas the first pillar, Community law, constitutes a “new legal order” of supranational character, the second and third ...