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Macroeconomic effects of carbon transition policies : an assessment based on the ECB's New Area-Wide Model with a disaggregated energy sector

Coenen, Günter; Lozej, Matija; Priftis, Romanos - 2023

We use scenario analysis to assess the macroeconomic effects of carbon transition policies aimed at mitigating climate change. To this end, we employ a version of the ECB's New Area-Wide Model (NAWM) augmented with a framework of disaggregated energy production and use, which distinguishes...

Persistent link: https://www.econbiz.de/10014315252

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

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

The impact of extreme weather events on budget balances and implications for fiscal policy

Lis, Eliza M.; Nickel, Christiane - 2009

This paper explores implications of climate change for fiscal policy by assessing the impact of large scale extreme weather events on changes in public budgets. We apply alternative measures for large scale extreme weather events and conclude that the budgetary impact of such events ranges...

Persistent link: https://www.econbiz.de/10003866542

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

Fiscal tools for subnational ecosystem and climate action

Yılmaz, Serdar; Zahir, Farah - 2022

Persistent link: https://www.econbiz.de/10013500569

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

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

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

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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