Narrow search
Showing 1 - 10 of 23
Cover Image
Forging a Global Environmental Agreement Through Trade Sanctions on Free Riders?
Eichner, Thomas - 2015
This paper studies the formation of self-enforcing global environmental agreements in a world economy with …
Persistent link: https://www.econbiz.de/10013020519
Cover Image
Global Environmental Agreements and International Trade : Asymmetry of Countries Matters
Eichner, Thomas - 2014
climate policy takes the form of carbon emission taxation and fossil fuel and consumption goods are traded on world markets …
Persistent link: https://www.econbiz.de/10013043602
Cover Image
The Growth Effect of Democracy : Is It Heterogenous and How Can it Be Estimated?
Persson, Torsten; Tabellini, Guido - 2021
We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...
Persistent link: https://www.econbiz.de/10013317020
Cover Image
Dissecting the PPP Puzzle : The Unconventional Roles of Nominal Exchange Rate and Price Adjustments
Cheung, Yin-Wong; Lai, Kon S.; Bergman, U. Michael - 2021
The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price adjustment, is shown to be the key engine governing the...
Persistent link: https://www.econbiz.de/10013319983
Cover Image
A Cross-Country Empirical Analysis of International Reserves
Cheung, Yin-Wong - 2013
Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...
Persistent link: https://www.econbiz.de/10013095899
Cover Image
The Carbon-Budget Approach to Climate Stabilization : Cost-Effective Subglobal Versus Global Action
Eichner, Thomas - 2010
Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in … the world mean temperature exceeding 2° Celsius. To achieve the two degree target, the cumulated global emissions must not …
Persistent link: https://www.econbiz.de/10013136281
Cover Image
Interjurisdictional Spillovers, Decentralized Policymaking and the Elasticity of Capital Supply
Eichner, Thomas - 2010
This paper points to the important role which the elasticity of aggregate capital supply with respect to the net rate of return to capital plays for the efficiency of policymaking in a decentralized economy with mobile capital and spillovers among jurisdictions. In accordance with previous...
Persistent link: https://www.econbiz.de/10013136697
Cover Image
Exchange Rate Dynamics Under Alternative Optimal Interest Rate Rules
Binici, Mahir - 2013
We explore the role of interest rate policy in the exchange rate determination process. Specifically, we derive exchange rate equations from interest rate rules that are theoretically optimal under a few alternative settings. The exchange rate equation depends on its underlying interest rate...
Persistent link: https://www.econbiz.de/10013092385
Cover Image
Flattening the Carbon Extraction Path in Unilateral Cost-Effective Action
Eichner, Thomas - 2014
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world … fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their … disposal and seeking to prevent world emissions from exceeding some binding aggregate emission ceiling in the medium term. Such …
Persistent link: https://www.econbiz.de/10013067513
Cover Image
Subsidizing Renewable Energy Under Capital Mobility
Eichner, Thomas - 2014
This paper provides a rationale for subsidizing green (renewable) energy production. Within a multi-country model where energy is produced with mobile capital in green and dirty production, we investigate the countries' decentralized choice of emissions taxes and green energy subsidies. Without...
Persistent link: https://www.econbiz.de/10013069215