Showing 1 - 10 of 68
This paper fills a gap in the macroeconomic literature on renewable sources of energy. It offers a definition of green investment and analyzes the trends and determinants of this investment over the last decade for 35 advanced and emerging countries. We use a new multi-country historical dataset...
Persistent link: https://www.econbiz.de/10009401202
This paper presents an overview of recent U.S. fiscal developments and discusses possible implications of the sharp turn around in the government’s fiscal position. Against this back ground, it also reviews key policy challenges that will need to be addressed to cope with the mounting...
Persistent link: https://www.econbiz.de/10005824863
A model for world crude oil and natural gas markets is estimated. It confirms low price and high income elasticities of … demand for both crude oil and natural gas, which explains the market power of oil producers and price volatility following …
Persistent link: https://www.econbiz.de/10005768887
. Low price and high income elasticities of demand and rigid supply explain high price volatilities and producers' market … interest rates led to high oil price volatility in 2005. Data shows that world economic growth and price stability require …
Persistent link: https://www.econbiz.de/10005769161
This paper discusses structure, impact, costs, and efficiency of renewable energy supply in the eight largest advanced economies (the G-7 plus Spain), with focus on Germany. Renewables production costs are compared to benefits, defined as reductions in net carbon emissions; technological...
Persistent link: https://www.econbiz.de/10005605334
Persistent link: https://www.econbiz.de/10010790462
Fiscal instruments are potentially among the most effective, and cost-effective, options for addressing externalities related to poor air quality, urban road congestion, and greenhouse gases. This paper takes a case study, focused on Mauritius (a pioneer in the use of green taxes) to illustrate...
Persistent link: https://www.econbiz.de/10009151204
This Selected Issues paper discusses the economics of energy price reform in the Islamic Republic of Iran. Economic … policies in Iran have traditionally relied on the abundant availability of energy at a low price to finance the countryâ … been high by international standards, and energy demand growth has exceeded the rate of growth of per capita income, in …
Persistent link: https://www.econbiz.de/10011244080
This paper discusses key findings of the Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) for Tanzania. Economic growth, inflation, and the external position have evolved in a manner consistent with program objectives, and the program has...
Persistent link: https://www.econbiz.de/10011244256
This technical note describes the stress testing exercises carried out for the Danish commercial banking system and the insurance sector. The tests were conducted as part of the Financial Sector Assessment Program for Denmark and were developed in collaboration with the Danish Financial...
Persistent link: https://www.econbiz.de/10011244479