This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on R&D investments. To...

This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of R&D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on R&D investments. To...

This paper analyses optimal investments in innovation when dealing with a stringent climate target and with the uncertain effectiveness of Ramp;D. The innovation needed to achieve the deep cut in emissions is modelled by a backstop carbon-free technology whose cost depends on Ramp;D investments....

Universal access to modern energy services, in terms of access to electricity and to modern cooking facilities, has been recognized as fundamental challenge for development and is likely to be included in the post-2015 Sustainable Development Goals. Despite a strong praise for action and several...

Universal access to modern energy services, in terms of access to electricity and to modern cooking facilities, has been recognized as a fundamental challenge for development. Despite strong praise for action and the deployment of large-scale electrification programs and improved cookstove (ICS)...

Universal access to modern energy services, in terms of access to electricity and to modern cooking facilities, has been recognized as fundamental challenge for development and is likely to be included in the post-2015 Sustainable Development Goals. Despite a strong praise for action and several...

Universal access to modern energy services, in terms of access to electricity and to modern cooking facilities, has been recognized as fundamental challenge for development and is likely to be included in the post-2015 Sustainable Development Goals. Despite a strong praise for action and several...

Universal access to modern energy services, in terms of access to electricity and to modern cooking facilities, has been recognized as a fundamental challenge for development. Despite strong praise for action and the deployment of large-scale electrification programs and improved cookstove (ICS)...

How do the complex institutions involved in wage setting affect wage changes? The International Wage Flexibility Project provides new microeconomic evidence on how wages change for continuing workers. We analyze individuals’ earnings in 31 different data sets from sixteen countries, from which...

Recent micro studies have documented extensive downward nominal wage rigidity (DNWR) for job stayers in many OECD countries, but the effect on aggregate variables remains disputed. Using data for hourly nominal wages, we explore the existence of DNWR on wages at the industry level in 19 OECD...