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Economic Policy Uncertainty and Unemployment in the United States : A Nonlinear Approach
Caggiano, Giovanni - 2018
increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to …
Persistent link: https://www.econbiz.de/10012913269
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Economic Policy Uncertainty Spillovers in Booms and Busts
Caggiano, Giovanni - 2018
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the … in Canada is shown to react to uncertainty shocks in economic busts only. Such shocks explain about 13% of the variance … booms. Counterfactual simulations lead to the identification of a novel “economic policy uncertainty spillovers channel …
Persistent link: https://www.econbiz.de/10012914672
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based … stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of … non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we …
Persistent link: https://www.econbiz.de/10013043595
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Climate Effects of Carbon Taxes, Taking into Account Possible Other Future Climate Measures
Habermacher, Florian; Kirchgässner, Gebhard - CESifo - 2011
The increase of fuel extraction costs as well as of temperature will make it likely that in the medium-term future technological or political measures against global warming may be implemented. In assessments of a current climate policy the possibility of medium-term future developments like...
Persistent link: https://www.econbiz.de/10008914276
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The Twin Effects of Globalization - Evidence from a Sample of Indian Manufacturing Firms
Daveri, Francesco; Manasse, Paolo; Serra, Danila - CESifo - 2010
and/or may benefit from more rapid careers. Hence, the costs of uncertainty and the benefits of skill upgrading associated …
Persistent link: https://www.econbiz.de/10008671733
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Uncertainty and Economic Activity: A Global Perspective
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - CESifo - 2014
quantifying the impact of uncertainty on macroeconomic dynamics based on the premise that uncertainty causes economic activity to …
Persistent link: https://www.econbiz.de/10010757723
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Technology Transfers for Climate Change
Elsayyad, May; Morath, Florian - CESifo - 2013
This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...
Persistent link: https://www.econbiz.de/10010723540
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Negotiating to Avoid "Gradual" versus "Dangerous" Climate Change: An Experimental Test of Two Prisoners' Dilemma
Barrett, Scott; Dannenberg, Astrid - CESifo - 2014
According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus...
Persistent link: https://www.econbiz.de/10010734324
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The Surprisingly Swift Decline of U.S. Manufacturing Employment
Pierce, Justin R.; Schott, Peter K. - CESifo - 2014
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U.S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes declines the most experience more severe employment...
Persistent link: https://www.econbiz.de/10010734330
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International Environmental Agreements with Uncertainty, Learning and Risk Aversion
Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - CESifo - 2014
This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …
Persistent link: https://www.econbiz.de/10010736746