Showing 1 - 10 of 219
The transport sector is the only sector where carbon emissions continue to grow. This has led policy makers to propose ambitious policies to reduce emissions in the car sector, in particular fuel efficiency standards, portfolio mandates for Electric Vehicles and purchase taxes or subsidies. A...
Persistent link: https://www.econbiz.de/10012057257
long-run analysis, we employ local projections to capture the short-term dynamics following disaster-related mortality … disaster shocks, whereas external sustainability responses are more muted and heterogeneous. Together, these findings highlight … macroeconomic channels and to inform adaptive, risk-sensitive fiscal policy frameworks. …
Persistent link: https://www.econbiz.de/10015372018
This paper first reviews the conceptual case for, and appropriate design of, fiscal policies to address major externalities associated with energy use-global warming, local air pollution, and various side effects (e.g., congestion) from motor vehicles. Techniques for (roughly) estimating the...
Persistent link: https://www.econbiz.de/10010465151
A Bayesian factor-augmented interacted vector autoregression framework purified of expectations is employed to analyze how government spending shocks have impacted CO2 emissions in the United States from the 1980s to the pre-pandemic period. Consumption-generated emissions are found to have...
Persistent link: https://www.econbiz.de/10015420877
-out in Europe by 2030 has a moderate impact on total production of electricity (4 percent reduction) and only a tiny impact … GDP in Europe. …
Persistent link: https://www.econbiz.de/10011281296
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect of temperature on land values using a flexible specification of daily mean temperature to test if there are temperature threshold effects. Results indicate that there are no...
Persistent link: https://www.econbiz.de/10011922161
Several European countries have decided to phase out coal power generation. Emissions from electricity generation are already regulated by the EU Emissions Trading System (ETS), and in some countries like Germany the phaseout of coal will be accompanied with cancellation of emissions allowances....
Persistent link: https://www.econbiz.de/10012241075
This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...
Persistent link: https://www.econbiz.de/10015098614
The impacts of climate change on developing economies are becoming increasingly severe, creating challenges for risk … long-run disaster impacts in the World Bank's macroeconomic and fiscal model and illustrates the importance of fiscal …
Persistent link: https://www.econbiz.de/10015134075
This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that … applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a …
Persistent link: https://www.econbiz.de/10010533082