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What Should we Expect from Innovation? A Model-Based Assessment of the Environmental and Mitigation Cost Implications of Climate-Related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - C.E.P.R. Discussion Papers - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10008468637
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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
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Weather and Infant Mortality in Africa
Kudamatsu, Masayuki; Persson, Torsten; Strömberg, David - C.E.P.R. Discussion Papers - 2012
We estimate how random weather fluctuations affected infant mortality across 28 African countries in the past, combining high-resolution data from retrospective fertility surveys (DHS) and climate-model reanalysis (ERA-40). We find that infants were much more likely to die when exposed in utero...
Persistent link: https://www.econbiz.de/10011083660
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Energy and Climate Change in China
Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...
Persistent link: https://www.econbiz.de/10011084331
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Environmental Policy and Directed Technical Change in a Global Economy: The Dynamic Impact of Unilateral Environmental Policies
Hemous, David - C.E.P.R. Discussion Papers - 2013
This paper builds a two-country (North, South), two-sector (polluting, nonpolluting) trade model with directed technical change, examining whether unilateral environmental policies can ensure sustainable growth. The polluting good is produced with a clean and a dirty input. I show that a...
Persistent link: https://www.econbiz.de/10011084402
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Abandoning Fossil Fuel: How Fast And How Much?
Rezai, Armon; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2014
fixed proportion of world GDP. The climate externality is more severe than the learning by doing one. …
Persistent link: https://www.econbiz.de/10011084685
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Reconciling Trade and Climate Policies
de Melo, Jaime; Mathys, Nicole Andréa - C.E.P.R. Discussion Papers - 2012
second-order contribution to world-wide CO2 emissions. Evidence shows increasing carbon transfers through trade, but the …
Persistent link: https://www.econbiz.de/10011084722
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Country and Industry Dynamics in Stock Returns
Catão, Luis A. V.; Timmermann, Allan G - C.E.P.R. Discussion Papers - 2004
An important question in international finance is to what extent stock return volatility is influenced by country location, industry affiliation, and global factors. This Paper develops a new methodology to measure these effects, in which portfolios mimicking ‘pure’ country and industry...
Persistent link: https://www.econbiz.de/10005067673
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More Evidence on the Dollar Risk Premium in the Foreign Exchange Market
Bams, Dennis; Walkowiak, Kim; Wolff, Christian C - C.E.P.R. Discussion Papers - 2003
In this article, we develop and estimate an econometric panel data model to capture the common dynamics in dollar risk … premia in various forward foreign exchange rates. The common component in the dollar risk premia is highly significant and …-related common component. Our evidence also suggests that the three different foreign currencies’ dollar risk premia ‘respond’ to the …
Persistent link: https://www.econbiz.de/10005497706
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Noise Trading and Exchange Rate Regimes
Jeanne, Olivier; Rose, Andrew K - C.E.P.R. Discussion Papers - 1999
both create and share the risk associated with exchange rate volatility. In such circumstances, monetary policy can be used …
Persistent link: https://www.econbiz.de/10005666966