Essays on European economic and monetary integration

This thesis focuses on two aspects of European economic integration: exchange rate stabilization between non-euro Countries and the Euro Area, and real and nominal convergence of Central and Eastern European Countries. Each Chapter covers these aspects from both a theoretical and empirical perspective. Chapter 1 investigates whether the introduction of the euro was accompanied by a shift in the de facto exchange rate policy of European countries outside the euro area, using methods recently developed by the literature to detect "Fear of Floating" episodes. I find that European Inflation Targeters have tried to stabilize the euro exchange rate, after its introduction; fixed exchange rate arrangements, instead, apart from official policy changes, remained stable. Finally, the euro seems to have gained a relevant role as a reference currency even outside Europe. Chapter 2 proposes an approach to estimate Central Bank preferences starting from the Central Bank's optimization problem within a small open economy, using Sweden as a case study, to find whether stabilization of the exchange rate played a role in the Monetary Policy rule of the Riksbank. The results show that it did not influence interest rate setting; exchange rate stabilization probably occurred as a result of increased economic integration and business cycle convergence. Chapter 3 studies the interactions between wages in the public sector, the traded private sector and the closed sector in ten EU Transition Countries. The theoretical literature on wage spillovers suggests that the traded sector should be the leader in wage setting, with non-traded sectors wages adjusting. We show that large heterogeneity across countries is present, and sheltered and public sector wages are often leaders in wage determination. This result is relevant from a policy perspective since wage spillovers, leading to costs growing faster than productivity, may affect the international cost competitiveness of the traded sector.

Applicazione della Metodologia LCA(Life Cycle Assesment): La sostenibilità ambientale di Impianti a Biomassa della regione Emilia Romagna

Lo studio che la candidata ha elaborato nel progetto del Dottorato di ricerca si inserisce nel complesso percorso di soluzione del problema energetico che coinvolge necessariamente diverse variabili: economiche, tecniche, politiche e sociali L’obiettivo è di esprimere una valutazione in merito alla concreta “convenienza” dello sfruttamento delle risorse rinnovabili. Il percorso scelto è stato quello di analizzare alcuni impianti di sfruttamento, studiare il loro impatto sull’ambiente ed infine metterli a confronto. Questo ha consentito di trovare elementi oggettivi da poter valutare. In particolare la candidata ha approfondito il tema dello sfruttamento delle risorse “biomasse” analizzando nel dettaglio alcuni impianti in essere nel Territorio della Regione Emilia-Romagna: impianti a micro filiera, filiera corta e filiera lunga. Con la collaborazione di Arpa Emilia-Romagna, Centro CISA e dell’Associazione Prof. Ciancabilla, è stata fatta una scelta degli impianti da analizzare: a micro filiera: impianto a cippato di Castel d’Aiano, a filiera corta: impianto a biogas da biomassa agricola “Mengoli” di Castenaso, a filiera lunga: impianto a biomasse solide “Tampieri Energie” di Faenza. Per quanto riguarda la metodologia di studio utilizzata è stato effettuato uno studio di Life Cycle Assesment (LCA) considerando il ciclo di vita degli impianti. Tramite l’utilizzo del software “SimaPro 6.0” si sono ottenuti i risultati relativi alle categorie di impatto degli impianti considerando i metodi “Eco Indicator 99” ed “Edip Umip 96”. Il confronto fra i risultati dell’analisi dei diversi impianti non ha portato a conclusioni di carattere generale, ma ad approfondite valutazioni specifiche per ogni impianto analizzato, considerata la molteplicità delle variabili di ogni realtà, sia per quanto riguarda la dimensione/scala (microfiliera, filiera corta e filiera lunga) che per quanto riguarda le biomasse utilizzate.

Assessment and optimization of chemical industrial processes from a life cycle perspective

During the PhD program in chemistry, curriculum in environmental chemistry, at the University of Bologna the sustainability of industry was investigated through the application of the LCA methodology. The efforts were focused on the chemical sector in order to investigate reactions dealing with the Green Chemistry and Green Engineering principles, evaluating their sustainability in comparison with traditional pathways by a life cycle perspective. The environmental benefits associated with a reduction in the synthesis steps and the use of renewable feedstock were assessed through a holistic approach selecting two case studies with high relevance from an industrial point of view: the synthesis of acrylonitrile and the production of acrolein. The current approach wants to represent a standardized application of LCA methodology to the chemical sector, which could be extended to several case studies, and also an improvement of the current databases, since the lack of data to fill the inventories of the chemical productions represent a huge limitation, difficult to overcome and that can affects negatively the results of the studies. Results emerged from the analyses confirms that the sustainability in the chemical sector should be evaluated from a cradle-to-gate approach, considering all the stages and flows involved in each pathways in order to avoid shifting the environmental burdens from a steps to another. Moreover, if possible, LCA should be supported by other tools able to investigate the other two dimensions of sustainability represented by the social and economic issues.

Life Cycle Thinking for sustainability assessment and decision-making in selected food supply chains in Costa Rica

The Agenda 2030 contains 17 integrated Sustainable Development Goals (SDGs). SDG 12 for Sustainable Consumption and Production (SCP) promotes the efficient use of resources through a systemic change that decouples economic growth from environmental degradation. The Food Systems (FS) pillar in SDG 12 entails paramount relevance due to its interconnection to many other SDGs, and even when being a crucial world food supplier, the Latin American and Caribbean (LAC) Region struggles with environmental and social externalities, low investment in agriculture, inequity, food insecurity, poverty, and migration. Life Cycle Thinking (LCT) was regarded as a pertinent approach to identify hotspots and trade-offs, and support decision-making process to aid LAC Region countries as Costa Rica to diagnose sustainability and overcome certain challenges. This thesis aimed to ‘evaluate the sustainability of selected products from food supply chains in Costa Rica, to provide inputs for further sustainable decision-making, through the application of Life Cycle Thinking’. To do this, Life Cycle Assessment (LCA), Life Cycle Costing (LCC), and Social Life Cycle Assessment (S-LCA) evaluated the sustainability of food-waste-to-energy alternatives, and the production of green coffee, raw milk and leafy vegetables, and identified environmental, social and cost hotspots. This approach also proved to be a useful component of decision-making and policy-making processes together with other methods. LCT scientific literature led by LAC or Costa Rican researchers is still scarce; therefore, this research contributed to improve capacities in the use of LCT in this context, while offering potential replicability of the developed frameworks in similar cases. Main limitations related to the representativeness and availability of primary data; however, future research and extension activities are foreseen to increase local data availability, capacity building, and the discussion of potential integration through Life Cycle Sustainability Assessment (LCSA).