Showing 1 - 10 of 17
frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …
Persistent link: https://www.econbiz.de/10010955710
. A key assumption is that mergers create uncertainty on productivity and informational asymmetry between firms. The paper …
Persistent link: https://www.econbiz.de/10010956064
An important question for central banks is how they should report the uncertainty of their forecasts. This paper … discusses a way in which a central bank could report the uncertainty of its forecasts in a world in which it used a single …
Persistent link: https://www.econbiz.de/10010956134
that the social cost of carbon, corrected for uncertainty and inequity, is 61 US dollar per metric tonne of carbon. …
Persistent link: https://www.econbiz.de/10005083362
The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the …
Persistent link: https://www.econbiz.de/10005083386
This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …
Persistent link: https://www.econbiz.de/10009246865
Recent thinking about the economics of climate change has concerned the uncertainty about the upper bound of both …
Persistent link: https://www.econbiz.de/10009294881
A new version of the PAGE integrated assessment model, PAGE09, is introduced. The most important scientific, impact, emission and adaptation inputs in the latest default version of the model, PAGE09 v1.7 are described. The scientific and economic impact results are presented for a business as...
Persistent link: https://www.econbiz.de/10009323173
This paper elaborates on the link between financial market volatility and real economic activity. Using monthly data for Germany from 1968 to 1998, we specify GARCH models to capture the variability of stock market prices, of the real exchange rate, and of a long-term and of a short-term rate of...
Persistent link: https://www.econbiz.de/10009276110
The impact of exchange rate uncertainty on international trade has been discussed controversially in economic policy … the influence of exchange rate uncertainty on trade, conclude that exchange rate uncertainty has a negative impact on the … assumptions in order to better reflect reality, these extended modeis show that under certain conditions exchange rate uncertainty …
Persistent link: https://www.econbiz.de/10009276144