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A Public Finance Perspective on Climate Policy: Six Interactions That May Enhance Welfare
Siegmeier, Jan; Mattauch, Linus; Franks, Max; Klenert, David - Fondazione ENI Enrico Mattei (FEEM) - 2015
Climate change economics mostly neglects sizeable interactions of carbon pricing with other fiscal policy instruments. Conversely, public finance typically overlooks the effects of future decarbonization efforts when devising instruments for the major goals of fiscal policy. We argue that such a...
Persistent link: https://www.econbiz.de/10011268596
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Tinbergen and Theil Meet Nash: Controllability in Policy Games
Bartolomeo, Giovanni Di; Acocella, Nicola - Fondazione ENI Enrico Mattei (FEEM) - 2005
This paper generalizes the classical theory of economic policy to a static LQ-strategic context between n players. We show how this generalized version of controllability can profitably be used to deal with policy ineffectiveness issues and Nash equilibrium existence.
Persistent link: https://www.econbiz.de/10005385510
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Is There any Scope for Corporatism in Stabilization Policies?
Bartolomeo, Giovanni Di; Acocella, Nicola; Pauwels, Wilfried - Fondazione ENI Enrico Mattei (FEEM) - 2004
This paper studies corporatism as the outcome of bargaining between the government and a representative labor union. When negotiations between these two parties only relate to macroeconomic stabilization, we show that corporatism can never be beneficial to both parties. As corporatist policies...
Persistent link: https://www.econbiz.de/10008489608
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Dynamic Controllability with Overlapping targets: A Generalization of the Tinbergen-Nash Theory of Economic Policy
Bartolomeo, Giovanni Di; Acocella, Nicola; Hallett, … - Fondazione ENI Enrico Mattei (FEEM) - 2005
We generalize some recent results developed in static policy games with multiple players, to a dynamic context. We find that the classical theory of economic policy can be usefully applied to a strategic context of difference games: if one player satisfies the Golden Rule, then either all other...
Persistent link: https://www.econbiz.de/10005423174
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Climate Change Adaptation, Development, and International Financial Support: Lessons from EU Pre-Accession and Solidarity Funds
Przyluski, Valentin; Hallegatte, Stéphane - Fondazione ENI Enrico Mattei (FEEM) - 2010
Funding adaptation requires adequate governance and there are different ways to organise and channel the funds to where it is most efficient and most necessary. This paper investigates this issue and studies the practical implementation of a development under conditionality, namely...
Persistent link: https://www.econbiz.de/10008828400
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A Note on Aggregating Human Capital Across Heterogeneous Cohorts
Growiec, Jakub; Groth, Christian - EcoMod Network - 2012
The objective of this paper is to add to the the criticisms of the "macro-Mincer" approach by emphasizing two important theoretical points, not addressed so far in the literature. First, we show that the "macro-Mincer" relationship between aggregate human capital and average years of schooling...
Persistent link: https://www.econbiz.de/10010886610
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The Human Development Index and an endogenous growth model
Wiebe, Kirsten Svenja - EcoMod Network - 2012
Most of the currently existing endogenous growth models were developed within and for industrial countries, i.e. for a … capital accumulation and low technological capabilities. For developing countries, GDP, GDP growth or the per capita versions … Reports. A growth model for developing countries should therefore put special emphasis on these non-monetary issues of …
Persistent link: https://www.econbiz.de/10010886617
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Dilution priors for groups of variables in BMA: An application to the recent financial crisis
Moser, Mathias - EcoMod Network - 2012
We apply Bayesian Model Averaging procedures to a dataset on growth to estimate the output gap caused by the recent …
Persistent link: https://www.econbiz.de/10010886628
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Regional disparities in GDP and disposable income in Belgium
Hoorelbeke, Dirk - EcoMod Network - 2014
Regional GDP is a key indicator in the assessment of the economic performance of the Belgian regions. But for assessing the wealth of a certain region, another important indicator is the household disposable income.In this paper the evolution since 1985 and the level of regional per inhabitant...
Persistent link: https://www.econbiz.de/10010886655
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Stock Market and Economic Growth in China
Wang, Baotai; Ajit, D. - EcoMod Network - 2013
This study investigates the impact of stock market development on economic growth in China. To this end, the quarterly … capitalization, and economic growth is negative. This result is consistent with Harris’ (1997) finding that the stock market … development generally does not contribute positively to economic growth in developing countries if the stock market is mainly an …
Persistent link: https://www.econbiz.de/10010886702