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Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment

Hughes, Gordon - C.E.P.R. Discussion Papers - 1990

Widespread concern has been expressed that the costs of reducing environmental pollution in Eastern Europe will divert …

Persistent link: https://www.econbiz.de/10005281413

Pitfalls in Estimating Asymmetric Effects of Energy Price Shocks

Kilian, Lutz; Vigfusson, Robert J. - C.E.P.R. Discussion Papers - 2009

A common view in the literature is that the effect of energy price shocks on macroeconomic aggregates is asymmetric in energy price increases and decreases. We show that widely used asymmetric vector autoregressive models of the transmission of energy price shocks are misspecified, resulting in...

Persistent link: https://www.econbiz.de/10005000442

The Fossile Episode

Hassler, John; Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 2012

We build a two-sector dynamic general equilibrium model with one-sided substitutability between fossil carbon and biocarbon. One shock only, the discovery of the technology to use fossil fuels, leads to a transition from an inital pre-industrial phase to three following phases: a pure fossil...

Persistent link: https://www.econbiz.de/10011083327

Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports

Muscatelli, Vito Antonio; Srinivasan, T G; Vines, David - C.E.P.R. Discussion Papers - 1992

This paper considers the issue of whether a small developing economy such as Hong Kong faces a perfectly elastic demand for its exports of manufactured goods. We construct a simultaneous demand and supply system which is estimated using Full Information Maximum Likelihood methods, and which...

Persistent link: https://www.econbiz.de/10005792379

Bank Lending and Property Prices in Hong Kong

Gerlach, Stefan; Peng, Wensheng - C.E.P.R. Discussion Papers - 2004

This Paper studies the relationship between residential property prices and lending in Hong Kong. This is an interesting topic for three reasons. First, swings in property prices have been extremely large and frequent in Hong Kong. Second, under the currency board regime, monetary policy cannot...

Persistent link: https://www.econbiz.de/10005661824

Interpreting the Term Structure of Interbank Rates in Hong Kong

Gerlach, Stefan - C.E.P.R. Discussion Papers - 2002

This Paper studies the term structure of short-term interbank rates in Hong Kong. Principal component analysis suggests that the variation of the term structure can be largely attributed to two components that capture shifts in the level and slope of the yield curve. We find that term spreads...

Persistent link: https://www.econbiz.de/10005661871

Net Energy Expenditure and Energy Demand in the UK

Pearce, David; Westoby, Richard - C.E.P.R. Discussion Papers - 1985

This paper examines alternative methods which have been used to measure aggregate energy consumption over time. It is found that many of the measures which have been widely used in empirical studies are not appropriate for economic analysis. The concept of 'useful energy', popular in engineering...

Persistent link: https://www.econbiz.de/10005281317

Energy Policy Issues after Privatisation

Newbery, David M G - C.E.P.R. Discussion Papers - 1986

The purpose of this paper is to investigate how energy policy should respond to the changes in the organisation of energy sector associated with privatisation. The paper begins with a brief review of how energy policy was perceived before the 1973 oil shock, and the lessons learned from...

Persistent link: https://www.econbiz.de/10005666940

Do Exporters Gain From VERs?

de Melo, Jaime; Winters, L. Alan - C.E.P.R. Discussion Papers - 1990

welfare. Key parameters of demand and supply are estimated for leather footwear exports from Taiwan subject to the USA Orderly …

Persistent link: https://www.econbiz.de/10005661823

Vog: Using Volcanic Eruptions to Estimate the Health Costs of Particulates and SO2

De Paula, Áureo; Halliday, Timothy J.; Lynham, John - C.E.P.R. Discussion Papers - 2015

Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 … pollution variation to estimate the impact of particulate matter and SO2 on emergency room admissions and costs in the state of … evidence that particulate pollution increases pulmonary-related hospitalization. Specifically, a one standard deviation …

Persistent link: https://www.econbiz.de/10011252621

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