Narrow search
Showing 1 - 10 of 770
Cover Image
Climate Change Adaptation : Lessons from Urban Economics
Kahn, Matthew E. - 2014
In an urbanizing world economy featuring thousands of cities, households and firms have strong incentives to make locational investments and self protection choices to reduce their exposure to new climate change induced risks. This pursuit of self interest reduces the costs imposed by climate...
Persistent link: https://www.econbiz.de/10012457950
Cover Image
The Impact of Global Warming on Rural-Urban Migrations : Evidence from Global Big Data
Peri, Giovanni - 2019
This paper examines the impact of temperature changes on rural-urban migration using a 56km×56km grid cell level dataset covering the whole world at 10-year frequency during the period 1970-2000. We find that rising temperatures reduce rural-urban migration in poor countries and increase such...
Persistent link: https://www.econbiz.de/10012479679
Cover Image
Climate Change and Economic Growth : Evidence from the Last Half Century
Dell, Melissa - 2008
This paper uses annual variation in temperature and precipitation over the past 50 years to examine the impact of climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures substantially reduce economic growth in poor countries but have...
Persistent link: https://www.econbiz.de/10012464514
Cover Image
Think Globally, Act Globally : Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries
Glennerster, Rachel; Jayachandran, Seema - National Bureau of Economic Research - 2023
Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if they invest their resources in...
Persistent link: https://www.econbiz.de/10014322808
Cover Image
Monetary Policy in the Open Economy Revisited : Price Setting and Exchange Rate Flexibility
Devereux, Michael B. - 2000
This paper develops a welfare-based model of monetary policy in an open economy. We focus on the extent to which monetary policy should be employed in maintaining the exchange rate. The traditional approach maintains that exchange rate flexibility is desirable in the presence of real...
Persistent link: https://www.econbiz.de/10012471102
Cover Image
Do You Know That I Know That You Know...? Higher-Order Beliefs in Survey Data
Coibion, Olivier - 2018
We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations of economic agents, including how they adjust their beliefs in response to...
Persistent link: https://www.econbiz.de/10012480640
Cover Image
The French (Trade) Revolution of 1860 : Intra-Industry Trade and Smooth Adjustment
Becuwe, Stéphane - 2018
The Cobden-Chevalier treaty of 1860 eliminated many French import prohibitions and lowered tariffs between France and Britain. Policy change was largely unexpected and unusually free from direct lobbying. A series of commercial treaties with other nations followed because of the use of the...
Persistent link: https://www.econbiz.de/10012480825
Cover Image
The Micro-Macro Disconnect of Purchasing Power Parity
Bergin, Paul R. - 2009
This paper reconciles the persistence of aggregate real exchange rates with the faster adjustment of international relative prices in microeconomic data. Panel estimation of an error correction model using a micro data set uncovers new stylized facts regarding this puzzle. First, adjustment to...
Persistent link: https://www.econbiz.de/10012463026
Cover Image
Pollution, Health, and Avoidance Behavior : Evidence from the Ports of Los Angeles
Moretti, Enrico - 2009
A pervasive problem in the literature on the health costs of pollution is that optimizing individuals may compensate for increases in pollution by reducing their exposure to protect their health. This implies that estimates of the health effects of pollution may vastly understate the full...
Persistent link: https://www.econbiz.de/10012463709
Cover Image
Adaptation and the Boundary of Multinational Firms
Costinot, Arnaud - 2009
integration is to facilitate adaptation in a world where uncertainty is resolved over time. This paper offers the first empirical … analysis of the impact of adaptation on the boundary of multinational firms. To do so, we first develop a ranking of sectors in … demonstrate that, in line with adaptation theories of the firm, the share of intrafirm trade tends to be higher in less routine …
Persistent link: https://www.econbiz.de/10012463979