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Do natural disasters stimulate individual saving? : evidence from a natural experiment in a highly developed country

Berlemann, Michael; Steinhardt, Max Friedrich; Tutt, Jascha - 2015

of a natural experiment created by the European Flood of August 2002. Using micro data from the German Socio …-Economic Panel that we combine with geographic flood data, we compare the savings behavior of affected and non-affected individuals …

Persistent link: https://www.econbiz.de/10010518804

Endogenous emission caps always induce a green paradox

Gerlagh, Reyer; Heijmans, Roweno; Rosendahl, Knut Einar - 2019

For any emission trading system (ETS) with quantity-based endogenous supply of allowances, there exists a negative demand shock, e.g. induced by abatement policy, that increases aggregate supply and thus cumulative emissions. We prove this green paradox for a general model and then apply it to...

Persistent link: https://www.econbiz.de/10012105543

Long-run consequences of exposure to natural disasters

Karbownik, Krzysztof; Wray, Anthony - 2016

We utilize the individual-level World War I Draft Registration Cards matched to late-nineteenth century hurricane paths and the 1940 U.S. Census to explore whether fetal and early childhood exposure to stress caused by hurricanes affects human capital development and labor market outcomes in...

Persistent link: https://www.econbiz.de/10011565659

The impact of a large-scale natural disaster on local economic activity : evidence from the 2003 Bam earthquake in Iran

Farzanegan, Mohammad Reza; Fischer, Sven - 2023

This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in … disaster relief during the reformist government of President Khatami, the political trust and mobilization of civil society in …, economic activity in Bam County returns to its pre-disaster development path after seven years. …

Persistent link: https://www.econbiz.de/10014295084

Can a unilateral carbon tax reduce emissions elsewhere?

Elliott, Joshua; Fullerton, Don - 2013

One country that tries to reduce greenhouse gas emissions may fear that other countries get a competitive advantage and increase emissions ("leakage"). Estimates from computable general equilibrium (CGE) models such as Elliott et al (2010a,b) indicate that 15% to 25% of abatement might be offset...

Persistent link: https://www.econbiz.de/10009707626

Evaluating policies to implement the Paris agreement : a toolkit with application to China

Parry, Ian W. H.; Shang, Baoping; Vernon, Nate; … - 2016

This paper describes a model, implemented in an Excel spreadsheet, for evaluating a wide range of fiscal and regulatory instruments policymakers might consider for implementing their Paris mitigation pledges. Policies are evaluated against a range of metrics, including impacts on carbon dioxide...

Persistent link: https://www.econbiz.de/10011547913

The supply side of CO2 with country heterogeneity

Hoel, Michael - 2011

Several recent articles have analyzed climate policy giving explicit attention to the non-renewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However,...

Persistent link: https://www.econbiz.de/10009012067

Assessing the effects of climate policy on companies' greenhouse gas emissions

Montoya Gómez, Ana Maria; Zimmer, Markus - 2017 - September 4, 2017

We study the effect of climate policy on companies' greenhouse gas emissions using emissions data for the headquarters and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial incentives and legal requirements to audit energy use...

Persistent link: https://www.econbiz.de/10011721629

To build or not to build? : capital stocks and climate policy

Baldwin, Elizabeth; Cai, Yongyang; Kuralbaeva, Karlygash Z. - 2018

We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce emissions in the short term: our "irreversibility...

Persistent link: https://www.econbiz.de/10011794242

Emission targets and coalition options for a small, ambitious country : an analysis of welfare costs and distributional impacts for Norway

Fæhn, Taran; Yonezawa, Hidemichi - 2021

We theoretically and numerically analyse the impacts for a small, open country with carbon abatement ambitions of joining a coalition with allowance trading. Besides welfare impacts for both the coalition and the small, open economy joining the coalition, we scrutinise how the studied policy...

Persistent link: https://www.econbiz.de/10012428926

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