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The climate change challenge and fiscal instruments and policies in the EU
Avgousti, Aris; Caprioli, Francesco; Caracciolo, Giacomo; … - 2023
Fiscal policy plays a prominent role in climate change mitigation and adaptation. An optimal combination of revenue policies, in particular taxes, and expenditure policies, such as subsidies and investment, is essential in order to achieve greenhouse gas emissions targets. This paper analyses...
Persistent link: https://www.econbiz.de/10014248742
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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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NGFS climate scenarios for the euro area : role of fiscal and monetary policy conduct : opening up the macroeconomic toolbox and its sensitivity to policy settings
Darracq Pariès, Matthieu; Dées, Stéphane; De Gaye, … - 2023
In this paper we analyse the sensitivity of the macroeconomic outcomes under the Network for Greening the Financial System's (NGFS's) Phase III net-zero and delayed transition scenarios to different monetary and fiscal policy settings. In doing so, we provide a rare application of the NGFS...
Persistent link: https://www.econbiz.de/10014442796
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Will COVID-19 fiscal recovery packages accelerate or retard progress on climate change?
Hepburn, Cameron; O’Callaghan, Brian; Stern, Nicholas H. - In: Oxford review of economic policy 36 (2020), pp. S359-S381
Persistent link: https://www.econbiz.de/10012405772
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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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Environmental policy and the economic downturn
Bowen, Alex; Stern, Nicholas H. - In: Oxford review of economic policy 26 (2010) 2, pp. 137-163
Persistent link: https://www.econbiz.de/10003994053
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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