@phdthesis{Eydam2021,
  author    = {Eydam, Ulrich},
  title     = {Essays on Macroeconomics},
  school      = {Universit{\"a}t Potsdam},
  pages     = {161},
  year      = {2021},
  abstract  = {This dissertation consists of four self-contained papers. Each paper deals with a specific macroeconomic question. The first paper assesses the distributional implications of environmental policies from a general equilibrium macroeconomic perspective. I develop a New-Keynesian model with several types of uncertainties and frictions that incorporates liquidity constrained households. The model is calibrated to match the German economy and the numerical results show that climate policy instruments can be associated with regressive welfare effects. Furthermore, the analysis shows that these effects can be mitigated through an appropriate revenue recycling scheme. The second paper deals with short-run inequality dynamics within a real business cycle model. An empirical evaluation shows that the cyclical components of income inequality, the capital share and real GDP are correlated. We develop tractable representation of common inequality indicators in the general equilibrium model and show that the observed pattern is driven by innovations in the capital share. A Bayesian estimation of the model for the United States with data for the period 1948 to 2017 indicates that the model provides a reasonable fit for the data and successfully replicates the observed pattern of cyclical correlations. The third paper empirically examines the effects of banking regulation on the risk-relationship between sovereigns and banks. Based on a comprehensive data set of the European banking sector, we find that the implementation of the novel European banking regulation framework significantly contributed to a weakening of the risk-link between sovereigns and banks.The fourth paper empirically examines the role of institutional experience for institutional development in transition economies. To capture institutional experience, we develop a novel index, based on historical country records. The results of cross-sectional and panel estimations suggest that institutional experience helps to explain the divergent economic and institutional development in transition economies after the dissolution of the Soviet Union.},
  language  = {de}
}
@techreport{Eydam2021,
  type      = {Working Paper},
  author    = {Eydam, Ulrich},
  title     = {The Distributional Implications of Climate Policies Under Uncertainty},
  series = {CEPA Discussion Papers},
  journal   = {CEPA Discussion Papers},
  number    = {33},
  issn      = {2628-653X},
  doi       = {10.25932/publishup-50895},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus4-508950},
  pages     = {53},
  year      = {2021},
  abstract  = {Promoting the decarbonization of economic activity through climate policies raises many questions. From a macroeconomic perspective, it is important to understand how these policies perform under uncertainty, how they affect short-run dynamics and to what extent they have distributional effects. In addition, uncertainties directly associated with climate policies, such as uncertainty about the carbon budget or emission intensities, become relevant aspects. We study the implications of emission reduction schemes within a Two-Agent New-Keynesian (TANK) model. This quantitative exercise, based on data for the German economy, provides various insights. In the light of frictions and fluctuations, compared to other instruments, a carbon price (i.e. tax) is associated with lower volatility in output and consumption. In terms of aggregate welfare, price instruments are found to be preferable. Conditional on the distribution of revenues from climate policies, quantity instruments can exert regressive effects, posing a larger economic loss on wealth-poor households, whereas price instruments are moderately progressive. Finally, we find that unexpected changes in climate policies can induce substantial aggregate adjustments. With uncertainty about the carbon budget, the costs of adjustment are larger under quantity instruments.},
  language  = {en}
}
@book{Hickmann2012,
  author    = {Hickmann, Thomas},
  title     = {Das Verh{\"a}ltnis von Wissenschaft und Politik in internationalen Umweltregimen},
  publisher = {Universit{\"a}tsverlag Potsdam},
  address   = {Potsdam},
  isbn      = {978-3-86956-163-9},
  issn      = {1868-6222},
  url       = {http://nbn-resolving.de/urn:nbn:de:kobv:517-opus-57003},
  publisher      = {Universit{\"a}tsverlag Potsdam},
  pages     = {110},
  year      = {2012},
  abstract  = {Wissenschaft hat einen großen Anteil daran, internationale Umweltprobleme auf die politische Tagesordnung zu bringen und Maßnahmen zu ihrer technischen L{\"o}sung zu entwerfen. Dies gilt sowohl f{\"u}r den Abbau der Ozonschicht als auch f{\"u}r den Klimawandel. So relevant die Generierung von wissenschaftlichen Erkenntnissen in diesen Feldern ist, so komplex ist die Interaktion zwischen Wissenschaft und Politik und so schwierig ist es, Verl{\"a}ssliches dar{\"u}ber zu sagen. Thomas Hickmann analysiert das Verh{\"a}ltnis von Wissenschaft und Politik in internationalen Umweltregimen aus einer neuen Perspektive. Er untersucht nicht den Einfluss wissenschaftlicher Erkenntnisse auf die Politik, sondern r{\"u}ckt die Frage in den Fokus, inwieweit Regierungen Einfluss auf die Wissenschaft nehmen, um nationale Interessen durchzusetzen. Diese Perspektive wurde in der Forschung bislang weitgehend vernachl{\"a}ssigt, weshalb eine systematische Analyse dieser Frage in der Literatur fehlt.},
  language  = {de}
}