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Regime shifts and uncertainty in pollution control

Zeeuw, Aart de; Zemel, Amos - 2012

We develop a simple model of managing a system subject to pollution damage under risk of an abrupt and random jump in …. -- environmental pollution ; optimal management ; catastrophic transitions ; uncertainty ; adaptation ; mitigation …

Persistent link: https://www.econbiz.de/10009489041

How to deal with the risks of phasing out coal in Germany through national carbon pricing

Osorio, Sebastian; Pietzcker, Robert C.; Pahle, Michael; … - 2018

Germany aims to phase out coal to achieve its 2030 climate target, for which a UK-style carbon price floor is considered. But this measure comes with risks related to the uncertainty about what price level is sufficient, and the waterbed effect arising from unilateral policy under the EU-ETS....

Persistent link: https://www.econbiz.de/10011955634

Information asymmetry, education signals and the case of ethnic and native Germans

Hornig, Stephan O.; Rottmann, Horst; Wapler, Rüdiger - 2009

whether the signalling value differs between the migrants and non-migrants in the German labour market. Starting from the … administrative data from the German Federal Employment Agency. -- sorting theory ; human-capital theory ; returns to education …

Persistent link: https://www.econbiz.de/10003854405

Works councils and environmental investment : theory and evidence from German panel data

Askildsen, Jan Erik; Jirjahn, Uwe; Smith, Stephan C. - 2002

Firms may underinvest in local environmental protection even from the private viewpoint of its owners and employees, but works councils may help mitigate this problem. We show that increases in environmental investments when councils are present could be employee-led, firm-led, or jointly-led....

Persistent link: https://www.econbiz.de/10011541029

Pandemic meets pollution : poor air quality increases deaths by COVID-19

Isphording, Ingo Eduard; Pestel, Nico - 2020

We study the impact of short-term exposure to ambient air pollution on the spread and severity of COVID-19 in Germany … patients (80+ years): higher levels of air pollution by one standard deviation 3 to 12 days after developing symptoms increase … deaths by 30 percent (males) and 35 percent (females) of the mean. In addition, air pollution raises the number of confirmed …

Persistent link: https://www.econbiz.de/10012263327

Climate change mitigation : how effective is green quantitative easing?

Abiry, Raphael; Ferdinandusse, Marien; Ludwig, Alexander; … - 2022

We develop a two sector incomplete markets integrated assessment model to analyse the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and...

Persistent link: https://www.econbiz.de/10013285512

Green serves the dirtiest : on the interaction between Black and Green Quotas

Böhringer, Christoph; Rosendahl, Knut Einar - 2009

Tradable black (CO2) and green (renewables) quotas gain in popularity and stringency within climate policies of many OECD countries. The overlapping regulation through both instruments, however, may have important adverse economic implications. Based on stylized theoretical analysis and...

Persistent link: https://www.econbiz.de/10003897546

Climate actions and stranded assets : the role of financial regulation and monetary policy

Diluiso, Francesca; Annicchiarico, Barbara; Kalkuhl, … - 2020

Limiting global warming to well below 20C may result in the stranding of carbon-sensitive assets. This could pose substantial threats to financial and macroeconomic stability. We use a dynamic stochastic general equilibrium model with financial frictions and climate policy to study the risks a...

Persistent link: https://www.econbiz.de/10012260638

How should large and small countries be represented in a currency union?

Berger, Helge (contributor); Müller, Till (contributor) - 2004

The likely extension of the euro area has triggered a debate on the organization of the ECB, in particular on the apparent mismatch between relative economic size and voting rights in the Council. We present a simple model of optimal representation in a federal central bank addressing this...

Persistent link: https://www.econbiz.de/10002521678

Shadow rates as a measure of the monetary policy stance : some international evidence

Anderl, Christina; Caporale, Guglielmo Maria - 2022

This paper examines the usefulness of shadow rates to measure the monetary policy stance by comparing them to the official policy rates and those implied by three types of Taylor rules in both inflation targeting countries (the UK, Canada, Australia and New Zealand) and others that have only...

Persistent link: https://www.econbiz.de/10013285605