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The effects of increases in carbon prices in Malta : a study using MEDSEA-NRG
Rapa, Noel - 2024
This paper documents the extension of MEDSEA, a small open economy DSGE model for Malta, with a detailed energy sector. The model contains relatively rich fiscal and energy blocks allowing the model to simulate the transitional costs related to the economy's decarbonisation, together with the...
Persistent link: https://www.econbiz.de/10014633518
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Stranded capital in production networks: implications for the economy of the Euro area
Grüning, Patrick; Kantur, Zeynep - 2023
Persistent link: https://www.econbiz.de/10014449964
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Fiscal tools for subnational ecosystem and climate action
Yılmaz, Serdar; Zahir, Farah - 2022
Persistent link: https://www.econbiz.de/10013500569
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Climate change and fiscal marksmanship : evidence from an emerging country, India
Chakraborty, Lekha; Jha, Ajay Narayan; Yadav, Jitesh; … - 2023
According to the theory of efficient markets, economic agents use all available information to form rational expectations. The rational expectations hypothesis asserts that information is scarce, the economic system generally does not waste information, and that expectations depend specifically...
Persistent link: https://www.econbiz.de/10014313444
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Fiscal transfers, climate risks, and partisan politics: does the nature of climate risk matter?
Kumar, K. S. Kavi; Pattanayak, Anubhab - 2022
Persistent link: https://www.econbiz.de/10014226675
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Is public debt environmentally friendly? : the role of EU fiscal rules on environmental quality : an empirical assessment
Carnazza, Giovanni; Renström, Thomas I.; Spataro, Luca - 2023
The EU has embarked on multiple initiatives reflecting its commitment to environmental enhancement and sustainable …-friendly policies and sustainable practices within the region. Conversely, the fiscal rules within the EU, designed to manage budgetary … with the environmental goals set forth by the EU. To address this issue, using a panel of 27 European member countries …
Persistent link: https://www.econbiz.de/10014445352
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Climate policies, labor markets, and macroeconomic outcomes in emerging economies
Finkelstein Shapiro, Alan; Nuguer, Victoria - 2023
We study the labor market and macroeconomic effects of introducing a carbon tax in the energy sector in emerging economies (EMEs) by building a framework with equilibrium unemployment and firm entry that incorporates key elements of the distinct employment and firm structure of EMEs. Our model...
Persistent link: https://www.econbiz.de/10014460792
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Policy options to mitigate the fiscal impact of road transport decarbonization : the case of Costa Rica
Victor-Gallardo, Luis; Rodríguez Zúñiga, Mónica; … - 2022
Decarbonizing road transport through electrification, public transport, and walking and biking can increase productivity and reduce expenses thanks to reduced traffic and energy efficiency gains. However, governments face losing fuel and vehicle tax revenue. We develop a method to assess options...
Persistent link: https://www.econbiz.de/10014517732
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Inside money in a Kaldor-Kalecki-Steindl fiscal policy model : the unit of account, inflation, leverage, and financial fragility
Hannsgen, Greg; Young-Taft, Tai - 2015
We hope to model financial fragility and money in a way that captures much of what is crucial in Hyman Minsky’s financial fragility hypothesis. This approach to modeling Minsky may be unique in the formal Minskyan literature. Namely, we adopt a model in which a psychological variable we call...
Persistent link: https://www.econbiz.de/10010529897
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Tying hands is not commitment : can fiscal rules and institutions really enhance fiscal discipline?
Debrun, Xavier (contributor) - 2007 - Jan. 2007
Persistent link: https://www.econbiz.de/10003456309