Showing 1 - 10 of 2,095
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips … carbon taxes. We find that an increase in prices of ETS by $10 per ton of CO2 equivalents increases energy CPI inflation by 0 ….8 percentage points (pp), and headline inflation by 0.08pp, but has no significant effects on food and core CPI inflation. We also …
Persistent link: https://www.econbiz.de/10012815765
We study how precipitation has affected food consumer price inflation (CPI), using dynamic panel estimation of food CPI …. We allow for nonlinear effects of precipitation on food CPI inflation, and also control for possible nonlinear effects of … temperature. We find that precipitation has significant nonlinear effects on food CPI inflation. The coefficient of food CPI …
Persistent link: https://www.econbiz.de/10013380872
of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In …
Persistent link: https://www.econbiz.de/10011409738
inflation by using a Nonlinear ARDL (NARDL) model, which is compared to a benchmark linear ARDL one. Using monthly data from the …, especially negative ones, have a stronger impact on inflation than OPU ones and capture some of the monetary policy uncertainty …, thereby reducing the direct effect of interest rate changes on inflation. Since EPU shocks reflect, at least to some extent …
Persistent link: https://www.econbiz.de/10013543029
import demand contributed to the rise in domestic inflation. …
Persistent link: https://www.econbiz.de/10015057719
This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010245993
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
I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth …
Persistent link: https://www.econbiz.de/10012486667
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but … world real GDP per capita by 7.22 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the …
Persistent link: https://www.econbiz.de/10012031151
projections can be resolved by accounting for growth convergence in a climate-econometric approach that is consistent with the …-level economic growth, our convergence-consistent projections reveal that under an unmitigated warming scenario, global climate …
Persistent link: https://www.econbiz.de/10014292777