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Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

Book part
Publication date: 17 October 2022

Marc Dijk

This chapter explains how electric driving has been transforming car mobility in The Netherlands since 1990, highlighting the role of a specific Dutch policy mix as direct factor

Abstract

This chapter explains how electric driving has been transforming car mobility in The Netherlands since 1990, highlighting the role of a specific Dutch policy mix as direct factor, and the conditions through which this policy mix came about as indirect factors. The analysis is based on triangulation of findings from three methods: (1) discourse analysis of national newspapers and online blogs to understand the changing meanings of car mobility as well as changing stakeholder competences; (2) interview analysis with Dutch stakeholders to understand policy effects as well as their changing competences; and (3) analysis of relevant documents that provide the numbers of vehicles sold, implemented infrastructures and policy instruments. The study describes market changes in terms of ‘reconfiguring’ (entangled) practices of Dutch motorists, vehicle manufacturers and policy-makers, constituted by the (changing) relations between meanings, materialities, competences and policy incentives. The analysis finds a gradual reconfiguration of car mobility in three stages: The hegemony of Internal Combustion Engine (ICE) mobility (1990–2008), Surge in Plug-in Hybrid Electric Vehicle (HEV) mobility (2009–2015), and Surge in full-electric mobility (2016–2020). The analysis shows that the specific Dutch policy incentives were critical to orchestrating the co-evolution of ICE-based and electric mobility towards low-carbon alternatives, that is, towards more electrification. The policy mix was adapted in three successive steps, in which inconsistencies towards electric mobility (e-mobility) were solved, entailing three distinct reconfiguration pathways in each period. The relatively strong policy incentives for e-mobility in The Netherlands can be explained by the absence of an established car industry as well as particular air quality challenges in cities (triggering local support for the provision of charging infrastructure). The conclusion includes policy recommendations for countries that seek to promote e-mobility, although further research should clarify how contextual differences require specific elements in the policy mix.

Details

Electrifying Mobility: Realising a Sustainable Future for the Car
Type: Book
ISBN: 978-1-83982-634-4

Keywords

Abstract

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Quantum Governance: Rewiring the Foundation of Public Policy
Type: Book
ISBN: 978-1-83753-778-5

Abstract

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Quantum Governance: Rewiring the Foundation of Public Policy
Type: Book
ISBN: 978-1-83753-778-5

Abstract

Details

Quantum Governance: Rewiring the Foundation of Public Policy
Type: Book
ISBN: 978-1-83753-778-5

Abstract

Details

Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

Book part
Publication date: 9 November 2023

Mariusz Kicia and Dominika Kordela

Fiscal and monetary policies are essential to the development of a capital market. In this chapter, authors present how fiscal and monetary policy in Poland evolved and adjusted…

Abstract

Research Background

Fiscal and monetary policies are essential to the development of a capital market. In this chapter, authors present how fiscal and monetary policy in Poland evolved and adjusted to economic challenges in 1998–2022. It is worth noticing that the Polish economy and financial market have been built from scratch after 45 years of socialism. Hence, it is scientifically interesting to study the relationship between fiscal and monetary policy, and capital market in a developing country, and in a relatively young economy.

Purpose of the Chapter

Both – the macroeconomic policy mix and development of the capital market – are the subject of analysis how fiscal and monetary policy impacted the capital market. As so the main aim of the chapter is the assessment of the nexus and dependencies between fiscal and monetary policy and the capital market.

Methodology

In the chapter, multiple linear regression was used for each dependent variable to discover which monetary and fiscal policy parameters significantly predicted selected variables describing the development of the capital market in Poland. Fiscal and monetary policy variables served as descriptors explaining capital market parameters in seven separate models.

Findings

Multiple regression models explain 77.3%–95.4% of the volatility of the capital market characteristics. The level of the central bank's reference rate is a variable that influences the capital market the most. In six out of seven models, the interest rate was a significant parameter. The development of the capital market was accompanied by a higher tax-to-GDP ratio. At the same time, a strong negative impact of the tax-to-GDP increase was noticed in domestic institutional investors' stock trading.

Details

Modeling Economic Growth in Contemporary Poland
Type: Book
ISBN: 978-1-83753-655-9

Keywords

Content available
Book part
Publication date: 25 July 2019

Perry Warjiyo and Solikin M. Juhro

Abstract

Details

Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

Abstract

Details

Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

Abstract

Details

Central Bank Policy: Theory and Practice
Type: Book
ISBN: 978-1-78973-751-6

1 – 10 of 133