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1
Kyoto and Carbon Leakage : An Empirical Analysis of the Carbon Content of Bilateral Trade
Aichele, Rahel
;
Felbermayr, Gabriel J.
-
2021
Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...
Persistent link: https://www.econbiz.de/10013315947
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2
Unilateral Climate Policy, Asymmetric Backstop Adoption, and Carbon Leakage in a Two-Region Hotelling Model
van der Werf, Edwin
-
2015
We study backstop adoption and carbon dioxide emission paths in a two-region model with unilateral climate policy and non-renewable resource consumption. The regions have an equal endowment of the internationally tradable resource and a backstop technology. We first study the case of a...
Persistent link: https://www.econbiz.de/10013039172
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3
Can Degrowth Overcome the Leakage Problem of Unilateral Climate Policy
Larch, Mario
-
2017
Unilateral climate policy suffers from carbon leakage, i.e. the (partial) offset of the initial emission reduction by increases in other countries. Different than most typically discussed climate policies, degrowth not only aims at reducing the fossil fuel use in an economy, but rather at a...
Persistent link: https://www.econbiz.de/10012947519
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4
Monetary Policy Through Production Networks : Evidence from the Stock Market
Ozdagli, Ali K.
-
2017
Monetary policy shocks have a large impact on aggregate stock market returns in narrow event windows around press releases by the Federal Open Market Committee. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct (demand) effect and an indirect...
Persistent link: https://www.econbiz.de/10012953959
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5
Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations
Peersman, Gert
-
2014
type of
shock
. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …
Persistent link: https://www.econbiz.de/10013055428
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6
Bank Behavior and the Cost Channel of Monetary Transmission
Hülsewig, Oliver
;
Mayer, Eric
;
Wollmershaeuser, Timo
-
2021
-type staggered price setting approach, which means that the adjustment of the aggregate loan rate to a monetary policy
shock
is …
Persistent link: https://www.econbiz.de/10013317392
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7
The Price Puzzle Revisited : Can the Cost Channel Explain a Rise in Inflation after a Monetary Policy
Shock
?
Henzel, Steffen
-
2013
This paper explores whether the cost channel solves the price puzzle. We set-up a New Keynesian DSGE model and estimate it for the euro area by adopting a minimum distance approach. Our findings suggest that - under certain parameter restrictions which are not rejected by the data - the cost...
Persistent link: https://www.econbiz.de/10012753889
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8
Evaluation of Long-Dated Investments Under Uncertain Growth Trend, Volatility and Catastrophes
Gollier, Christian
-
2021
Because of the uncertainty about how to model the growth process of our economy, there is still much confusion about which discount rates should be used to evaluate actions having long-lasting impacts, as in the contexts of climate change, social security reforms or large public infrastructures...
Persistent link: https://www.econbiz.de/10013315817
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9
Institutions, Trade and Development : A Quantitative Analysis
Beverelli, Cosimo
-
2018
We propose and apply methods to quantify the impact of national institutions on international trade and development. We are able to identify the direct impact of country-specific institutions on international trade within the structural gravity framework. Our approach naturally addresses the...
Persistent link: https://www.econbiz.de/10012920756
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10
Misreported Trade
Farhad, Mohammad
-
2018
, focusing on the role of tariff and VAT rates as predictors of import under-reporting. As predicted by economic
theory
, case …
Persistent link: https://www.econbiz.de/10012912374
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