Market Commentary: Negative social effects of German climate policies must be offset
To slow or stop climate change requires much higher prices for the emission of greenhouse gases. Since this has regressive effects on citizens’ income, comparable
To slow or stop climate change requires much higher prices for the emission of greenhouse gases. Since this has regressive effects on citizens’ income, comparable
For years, the fight against the further heating-up of the planet has been one of the main political issues, going by the amount of government
Over the past 16 ¼ years, the price of the dollar has increased from a low of 0.633 in 2008 to today’s 0.917 euros, a
Since 1960, the share of people aged 67 and more has gone from about 9% of the German population to 20% now. As life expectancy
Christine Lagarde has more or less announced last Thursday that European policy rates will be cut at the June 6 meeting of the Governing Council.
Last January the EMU, the European Monetary Union, had turned twenty-five. Overall, the euro has been a successful project which has not only shown its
Poor economic growth is presently one of Germany’s main topics in public policy discussions. Since the average income is actually rather high, an acceleration of
Anyone reading this headline will probably think that I am naïve, without a sense of today’s political realities. Maybe, but historically and even culturally Russia
The topic is once again part of the annual wage negotiations in Germany. If the average income is high, historically and in international comparison, the
It’s a phenomenon that cannot easily be explained: labor markets in the countries of the euro area have been robust for many years – the
Most people in the United States and the euro area are convinced that inflation is still very high. This is not so. Consumer prices have
The German government plans to raise the price of CO2 emissions year after year, as an incentive for consumers and business to reduce their consumption of
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