Showing 1 - 9 of 9
Economists tend to exalt the virtues of free international trade, while politicians are more skeptical. This paper suggests that this is the case because politicians mainly worry about the income distribution effects of trade liberalization, while economists focus on efficiency. Using textbook...
Persistent link: https://www.econbiz.de/10008496993
This study examines how the effect of entrepreneurship education on students’ entrepreneurial intentions is (1) contingent on the mode of education (active, e.g. business plan seminar, vs reflective, e.g. theory lectures), (2) contingent on the regional context and (3) complemented by...
Persistent link: https://www.econbiz.de/10005103188
This paper presents a simple experiment on how laypeople form macroeconomic expectations. Subjects have to forecast … forecasts. It turns out that the availability of historical data has a dominant impact on expectations and wipes out the …
Persistent link: https://www.econbiz.de/10009216277
The production of bioenergy is considered to be a promising energy source for a sustainable energy mix and it is politically promoted in many countries. With the exception of Brazilian ethanol, bioenergy not competitive to fossil energy sources, and therefore needs to be subsidised. Several...
Persistent link: https://www.econbiz.de/10009293458
technology penetration in the future – in extreme cases, expectations prevail over policy. This feature highlights the danger of …
Persistent link: https://www.econbiz.de/10008854239
Separately, news and sunspot shocks have been shown empirically to be determinants of changes in expectations. This … expectations solutions is derived analytically. The analytical characterization allows an explicit comparison of news about future …
Persistent link: https://www.econbiz.de/10008522643
It is believed that the primary economic solution to climate change is an introduction of a carbon pricing system anchored to the social cost of carbon, either as a form of tax or tradable permits. Potentially significant externalities accompanying the introduction of emission-reducing...
Persistent link: https://www.econbiz.de/10008584373
of the CVAR are shown to be interpretable in terms of expectations formation, market clearing, nominal rigidities, etc …
Persistent link: https://www.econbiz.de/10005083339
with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the … expectations; in fact, conditions were deflationary all throughout the 1930s in spite of high money growth and low interest rates …
Persistent link: https://www.econbiz.de/10005017500