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Theoretical analysis and empirical evidence show that leadership behavior in climate policy through increased abatement efforts or international transfers cannot be expected to be very successful. In this paper we instead show that pioneering activities, which are based on green technological...
Persistent link: https://www.econbiz.de/10013012533
This paper employs a stylized New Keynesian DSGE model for a monetary union to analyze whether cyclical inflation … the fraction of borrowers and to a lesser extent the loan-to-value ratio - generate inflation differentials that are … characteristics of financial markets should be seen as a possible alternative explanation for the observable inflation dispersion in …
Persistent link: https://www.econbiz.de/10013136243
Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility η in the intergenerational social welfare function. We support this position by...
Persistent link: https://www.econbiz.de/10013316572
this difference is statistically significant. Thus, regression results imply that 1% slower population growth could be … carbon emissions accounting for the impacts of fertility on population growth, population age structure, and income per … capita. The model was constructed to estimate the effect of lower fertility on economic growth, making it well-suited for …
Persistent link: https://www.econbiz.de/10012965631
of real-world economies and find that the multiplier effect of climate change due to general equilibrium effects is …
Persistent link: https://www.econbiz.de/10012992447
and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial …
Persistent link: https://www.econbiz.de/10012946920
Why have policies aimed at reducing the demand for carbon not succeeded in slowing down global carbon extraction and CO2 emissions, and why have carbon prices failed to increase over the last three decades? This comment argues that this is because of the Green Paradox, i.e. – (the anticipation...
Persistent link: https://www.econbiz.de/10013020585
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile...
Persistent link: https://www.econbiz.de/10013051384
Unintended consequences of a pre-announced climate policy have been studied in a variety of situations. We show that early announcement of a carbon tax gives rise to a “Green-Paradox,” in that it increases polluting emissions in the interim period (between announcement and actual...
Persistent link: https://www.econbiz.de/10013093954
expense of a decline in economic growth that is of a much more temporary nature …
Persistent link: https://www.econbiz.de/10013316237