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Quantitative Tightening Around the Globe : What Have We Learned?
Du, Wenxin; Forbes, Kristin; Luzzetti, Matthew N. - National Bureau of Economic Research - 2024
central bank balance sheets. We analyze the experience in seven advanced economies (Australia, Canada, Euro area, New Zealand …
Persistent link: https://www.econbiz.de/10014528361
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Inflation targets
Leiderman, Leonardo (ed.); Svensson, Lars E. O. (ed.) - 1995
Persistent link: https://www.econbiz.de/10013552059
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Cost of Capital for the United States, Japan, and Canada : An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun
Ando, Albert - 1997
countries such as the US, Canada, and Japan. Attempts are made to carry out the measurement based both on the accounting records … depreciation and before taxes is found to fluctuate around 10-11% without a persistent trend. For Canada, the indivi- dual company … Canada supple- mented by some unpublished data supplied by Statistics Canada suggest that the cost of capital in Canada is …
Persistent link: https://www.econbiz.de/10012472944
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Corporate Social Responsibility and Imperfect Regulatory Oversight : Theory and Evidence from Greenhouse Gas Emissions Disclosures
de Bettignies, Jean-Etienne - 2020
This paper develops and tests a model in which 1) purpose-driven firms emerge as an optimal organizational form even for profit-maximizing entrepreneurs; and 2) CSR arises endogenously as a response to imperfect regulatory oversight. Purpose-driven organizations allow entrepreneurs to create...
Persistent link: https://www.econbiz.de/10012482378
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Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives
Böhringer, Christoph - 2010
Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...
Persistent link: https://www.econbiz.de/10012462752
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Corrective Policy and Goodhart's Law : The Case of Carbon Emissions from Automobiles
Reynaert, Mathias - 2016
Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. We show theoretically that such gaming can benefit consumers, even when it induces them to make mistakes, because gaming leads to lower prices by reducing costs. We use our insights to...
Persistent link: https://www.econbiz.de/10012455769
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Can a Unilateral Carbon Tax Reduce Emissions Elsewhere?
Elliott, Joshua - 2013
Most CGE models do not allow for negative leakage. In this paper, we use a full CGE model with many countries and many goods to measure effects in a way that allows for negative leakage. We vary elasticities of substitution and confirm the analytical model's prediction that negative leakage...
Persistent link: https://www.econbiz.de/10012459764
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Trade and the Greenhouse Gas Emissions from International Freight Transport
Cristea, Anca D. - 2011
We collect extensive data on worldwide trade by transportation mode and use this to provide detailed comparisons of the greenhouse gas emissions associated with output versus international transportation of traded goods. International transport is responsible for 33 percent of world-wide...
Persistent link: https://www.econbiz.de/10012461540
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Confronting Divergent Interests in Cross-Country Regulatory Arrangements
Kane, Edward J. - 2005
Although nation-based systems of financial regulation constitute a second-best approach to global welfare maximization, treacherous accountability problems must be acknowledged and resolved before regulatory cooperation can deal fairly and efficiently with cross-border issues. To track and...
Persistent link: https://www.econbiz.de/10012466806
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Regional Nonadjustment and Fiscal Policy : Lessons for EMU
Obstfeld, Maurice - 1999
pattern of the United States. In this paper we compare the US with Germany, Italy, the United Kingdom, and also with Canada …, which is closer to European than the US is in its labor market and fiscal institutions. Europe's (and to some extent Canada …
Persistent link: https://www.econbiz.de/10012471641