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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
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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
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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
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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
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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
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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
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Channel systems : why is there a positive spread?
Berentsen, Aleksander; Marchesiani, Alessandro; Waller, … - 2010
An increasing number of central banks implement monetary policy via two standing facilities: a lending facility and a deposit facility. In this paper we show that it is socially optimal to implement a non-zero interest rate spread. We prove this result in a dynamic general equilibrium model...
Persistent link: https://www.econbiz.de/10008732253
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Adding geography to the new economic geography
Bosker, Maarten; Brakman, Steven; Garretsen, Harry; … - 2007
Persistent link: https://www.econbiz.de/10003498831
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The price puzzle revisited : can the cost channel explain a rise in inflation after a monetary policy shock?
Henzel, Steffen; Hülsewig, Oliver; Mayer, Eric; … - 2007
Persistent link: https://www.econbiz.de/10003499532
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Fiscal aspects of central bank independence
Sims, Christopher A. - 2001
Most macroeconomic models treat the central bank and the trea-sury as a unified entity. The balance sheet of the central bank is therefore implicitly treated as an accounting fiction. While this is often realistic, the central bank balance sheet has implications for central bank independence....
Persistent link: https://www.econbiz.de/10011399700