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China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2012

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10009627525

Transformational Climate Finance : Donors'Willingness to Support Deep and Transformational Greenhouse Gas Emissions Reductions in Lower-Income Countries

Strand, Jon - 2020

This paper uses simple analytical models to study high-income donor countries' willingness to pay to supply mitigation finance to low-income countries; how this depends on modality for finance supply; and how it changes as the global greenhouse gas mitigation agenda moves forward. The paper...

Persistent link: https://www.econbiz.de/10012833615

Climate Finance, Carbon Market Mechanisms and Finance 'Blending' As Instruments to Support NDC Achievement Under the Paris Agreement

Strand, Jon - 2019

This paper considers the impacts of "finance blending" whereby climate finance is added to international carbon markets for offset trading. The paper first discusses climate finance and the carbon market as free-standing finance solutions by high-income countries to increase mitigation in...

Persistent link: https://www.econbiz.de/10012865465

Political Determinants of Fossil Fuel Pricing

Beers, Cees van - 2017

This paper provides an empirical analysis of economic and political determinants of gasoline and diesel prices for about 200 countries over the period 1991-2010. A range of both political and economic variables are found to systematically influence fuel prices, and in ways that differ...

Persistent link: https://www.econbiz.de/10012974285

Capital controls and exchange rate regimes : an empirical investigation

Berger, Helge - 2001

It is often argued that deregulation of international transactions and its effects on the "globalization" of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital...

Persistent link: https://www.econbiz.de/10014460969

Central bank independence : an update of theory and evidence

Berger, Helge; Haan, Jakob de; Eijffinger, Sylvester C. W. - 2000

This paper reviews recent research on central bank independence (CBI). After we have distinguished between independence and conservativeness, the literature on optimal inflation contracts is discussed, followed by research in which the inflationary bias is endogenised. Finally, the various...

Persistent link: https://www.econbiz.de/10001459495

One country, one vote? : labor market structure and voting rights in the ECB

Berger, Helge; Hefeker, Carsten - 2004

The pending enlargement of the European Monetary Union (EMU) has brought to the fore the discussion of the voting right distribution in the European Central Bank (ECB) council. We show that, in a model where labor unions internalize the inflationary consequences of wage setting, deviating from a...

Persistent link: https://www.econbiz.de/10002047404

Forecast uncertainties in macroeconometric modelling : an application to the UK economy

Garratt, Anthony; Lee, Kevin C.; Pesaran, M. Hashem - 2000

This paper argues that probability forecasts convey information on the uncertainties that surround macroeconomic forecasts in a manner which is straightforward and which is preferable to other alternatives, including the use of confidence intervals. Probability forecasts relating to UK output...

Persistent link: https://www.econbiz.de/10001539419

Labor courts, nomination bias, and unemployment in Germany

Berger, Helge; Neugart, Michael - 2006

Persistent link: https://www.econbiz.de/10003355664

A spatio-temporal model of house prices in the US

Holly, Sean; Pesaran, M. Hashem; Yamagata, Takashi - 2006

The purpose of this paper is to apply recent advances in the econometrics of panel data to a problem that has a clear spatial dimension. We model the dynamic adjustment of real house prices using data at the level of US States. In the last decade, in most OECD countries there has been a...

Persistent link: https://www.econbiz.de/10003398723