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Muller, Nicholas Z. - National Bureau of Economic Research - 2021

This paper demonstrates how a central bank might operationalize an expanded role inclusive of managing risks from environmental pollution. The analysis introduces the green interest rate (rg) which depends on temporal changes in the pollution intensity of output. This policy instrument...

Persistent link: https://www.econbiz.de/10012585375

The Economic Geography of Global Warming

Cruz Álvarez, José Luis; Rossi-Hansberg, Esteban - National Bureau of Economic Research - 2021

Global warming is a worldwide and protracted phenomenon with heterogeneous local economic effects. In order to evaluate the aggregate and local economic consequences of higher temperatures, we propose a dynamic economic assessment model of the world economy with high spatial resolution. Our...

Persistent link: https://www.econbiz.de/10012482682

Addressing Biases that Impact Homeowners' Adoption of Solar Panels

Kunreuther, Howard; Polise, Anna; Spellmeyer, Quinlyn - National Bureau of Economic Research - 2021

Solar power is now economically competitive with fossil fuels in many countries, yet relatively few homeowners have installed solar panels on their property. A principal reason for this behavior stems from cognitive biases--such as myopia, inertia and herding--that cause consumers to avoid...

Persistent link: https://www.econbiz.de/10012510556

GDPR and the Lost Generation of Innovative Apps

Janßen, Rebecca; Kesler, Reinhold; Kummer, Michael E.; … - National Bureau of Economic Research - 2022

Using data on 4.1 million apps at the Google Play Store from 2016 to 2019, we document that GDPR induced the exit of about a third of available apps; and in the quarters following implementation, entry of new apps fell by half. We estimate a structural model of demand and entry in the app...

Persistent link: https://www.econbiz.de/10013210056

Imported or Home Grown? The 1992-3 EMS Crisis

Eichengreen, Barry; Naef, Alain - National Bureau of Economic Research - 2021

Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in...

Persistent link: https://www.econbiz.de/10012696397

Migration and Redistribution : Federal Governance of an Economic Union Matters

Razin, Asaf; Tsadḳah, Efrayim - National Bureau of Economic Research - 2021

Both the U.S. and the EU are an economic union: There is a single market for goods, capital, finance, and labor. That ….S than of the EU. We argue, by using a model of a union exhibiting migration-based fiscal externality, that the degree of … between the EU and the US as economic unions: the generosity of the welfare state and the skill composition of migration …

Persistent link: https://www.econbiz.de/10012496111