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Macroeconomics and the Environment : A Selective Survey

Sen, Partha - 2020

? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …

Persistent link: https://www.econbiz.de/10012839360

Rising to the Challenge : Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models

Delli Gatti, Domenico - 2019

We propose two novel methods to "bring ABMs to the data". First, we put forward a new Bayesian procedure to estimate the numerical values of ABM parameters that takes into account the time structure of simulated and observed time series. Second, we propose a method to forecast aggregate time...

Persistent link: https://www.econbiz.de/10012860573

Macroeconomics with a Thick Pen

Gronwald, Marc; Jin, Xin - 2023

This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and ﬂexible....

Persistent link: https://www.econbiz.de/10014356480

The Social Cost of Carbon and the Ramsey Rule

Withagen, Cees - 2019

The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...

Persistent link: https://www.econbiz.de/10012892228

Urban Specialisation; from Sectoral to Functional

Gervais, Antoine; Markusen, James R.; Venables, Anthony J. - 2021

combines elements of the literatures on economic geography, multinational firms, urban economics, and trade theory. A two …

Persistent link: https://www.econbiz.de/10013250045

Short-Time Work Subsidies in a Matching Model

Meier, Volker - 2019

We consider positive and normative aspects of subsidizing work arrangements where subsidies are paid in time of low demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases labor demand. Tightening eligibility to short-time work...

Persistent link: https://www.econbiz.de/10012892292

Optimal Energy Taxes and Subsidies under a Cost-Effective Unilateral Climate Policy : Addressing Carbon Leakage

Kruse-Andersen, Peter - 2019

domestic and foreign production of other goods. The optimal tax-subsidy scheme is based on an intuitive principle: Impose a …. Producers of renewables-based electricity should receive a subsidy to internalize their contribution to the reduction of global …

Persistent link: https://www.econbiz.de/10012859989

Efficiency in Wholesale Electricity Markets : On the Role of Externalities and Subsidies

Bialek, Sylwia; Unel, Burcin - 2021

-best outcomes. We also show there exists a range of subsidy rates that are welfare-enhancing when greenhouse gas externalities are …

Persistent link: https://www.econbiz.de/10013234520

Optimal Solar Subsidies

Colas, Mark; Saulnier, Emmett - 2023

We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the associated environmental costs. We build a structural model of solar panel demand and electricity production across the country and estimate the model by combining 1) remotely...

Persistent link: https://www.econbiz.de/10014348184

The Employment Effects of a Pandemic Wage Subsidy

Smart, Michael; Kronberg, Matthew; Lesica, Josip; … - 2023

We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures … changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …

Persistent link: https://www.econbiz.de/10014262746

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