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This paper introduces a new methodology for the estimation of demand trade elasticities based on an import intensity-adjusted measure of aggregate demand, with the foundation of a stylized theoretical model. We compute the import intensity of demand components by using the OECD Input-Output...
Persistent link: https://www.econbiz.de/10012460945
consumption versus nominal expenditures; and (iii) we infer the implied elasticity of total non-durable expenditures in goods and …
Persistent link: https://www.econbiz.de/10012456443
We construct shock elasticities that are pricing counterparts to impulse response functions. Recall that impulse response functions measure the importance of next-period shocks for future values of a time series. Shock elasticities measure the contributions to the price and to the expected...
Persistent link: https://www.econbiz.de/10012458560
these missing margins in the context of Norway's DI system, drawing on two strengths of the Norwegian environment. First …
Persistent link: https://www.econbiz.de/10012455215
elasticity and <i>CO<sub>2</i></sub> intensity across all goods. These income-driven differences in consumption choices can …
Persistent link: https://www.econbiz.de/10012480578
Many distributional analyses of carbon pricing focus on the uses-side incidence of carbon pricing. This is the differential burden resulting from heterogeneity in consumption across households. Once one allows for sources-side incidence (i.e. differential impacts of changes in real factor...
Persistent link: https://www.econbiz.de/10012462555
Using an analytical general equilibrium model, we find closed form solutions for the effect of energy policy on factor prices and output prices. We calibrate the model to the US economy, and we consider a tax on carbon. By looking at expenditure and income patterns across household groups, we...
Persistent link: https://www.econbiz.de/10012462864
Focusing on tail effects, I incorporate distributions for temperature change and its economic impact in an analysis of climate change policy. I estimate the fraction of consumption w*(tau) that society would be willing to sacrifice to ensure that any increase in temperature at a future point is...
Persistent link: https://www.econbiz.de/10012463391
Environmental policy is increasingly concerned with measuring emissions resulting from local changes to electricity consumption. These marginal emissions are challenging to measure because electricity grids encompass multiple locations and the information available to identify the effect of each...
Persistent link: https://www.econbiz.de/10014468265
uncertainty, is the overall elasticity of taxable income. We provide new estimates of this elasticity which address identification … income, and on variation in the elasticity of taxable income by income group. We find that the overall elasticity of taxable … income is approximately 0.4; the elasticity of real income, not including tax preferences, is much lower. We also estimate …
Persistent link: https://www.econbiz.de/10012471264