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Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives
Böhringer, Christoph - 2010
Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...
Persistent link: https://www.econbiz.de/10012462752
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The Extent of the Market for Early American Bank Notes
Bodenhorn, Howard - National Bureau of Economic Research - 2023
How far did antebellum bank notes travel? Up to now, we did not know. Using previously overlooked data on interbank holdings of bank notes and the records of a small-time note broker, I find that most bank notes circulated within about 50 miles of the issuing banks. Few notes were observed from...
Persistent link: https://www.econbiz.de/10014437017
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Cash and the Economy : Evidence from India's Demonetization
Chodorow-Reich, Gabriel - 2018
% of cash in circulation illegal tender overnight, with new notes gradually introduced over the next several months. We … present a model of demonetization where agents hold cash both to satisfy a cash-in-advance constraint and for tax evasion …
Persistent link: https://www.econbiz.de/10012481018
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Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments
Baker, Scott R. - 2020
The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …
Persistent link: https://www.econbiz.de/10012481681
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Learning to Navigate a New Financial Technology : Evidence from Payroll Accounts
Breza, Emily - 2020
receive wages in cash, with a subset also receiving an account without automatic wage payments. We find that exposure to …
Persistent link: https://www.econbiz.de/10012482467
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Do CCTs Improve Employment and Earnings in the Very Long-Term? Evidence from Mexico
Kugler, Adriana D. - 2018
We assess long-term impacts of the Mexican conditional cash transfer (CCT) program on youth employment and earnings. We …
Persistent link: https://www.econbiz.de/10012453466
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Making Money
Gorton, Gary; Ross, Chase P.; Ross, Sharon Y. - National Bureau of Economic Research - 2022
It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced when there are no better alternatives, but they initially...
Persistent link: https://www.econbiz.de/10012814485
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How Important are Investment Indivisibilities for Development? Experimental Evidence from Uganda
Kaboski, Joseph Paul; Lipscomb, Molly; Midrigan, Virgiliu; … - National Bureau of Economic Research - 2022
, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a …
Persistent link: https://www.econbiz.de/10012938742
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Money or Power? Financial Infrastructure and Optimal Policy
Berkouwer, Susanna B.; Biscaye, Pierre E.; Hsu, Eric; … - National Bureau of Economic Research - 2021
In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced … in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money. Do cash or … line with economic theory favoring direct cash transfers, in a randomized experiment in Kenya 95% of urban recipients …
Persistent link: https://www.econbiz.de/10012599376
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Non-Legal-Tender Paper Money : The Structure and Performance of Maryland's Bills of Credit, 1767-1775
Celia, Jim - 2014
Maryland's non-legal-tender paper money emissions between 1765 and 1775 are reconstructed to determine the quantities outstanding and their redemption dates, providing a substantial correction to the literature. Over 80 percent of this paper money's current market value was expected real asset...
Persistent link: https://www.econbiz.de/10012458141