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In 1999, eleven European countries formed the Economic and Monetary Union (EMU); they abandoned their national currencies and adopted a new common currency, the euro. Several recent papers argue that the introduction of the euro has led (by itself) to a sizable and statistically significant...
Persistent link: https://www.econbiz.de/10002798036
This paper discusses the scope for market mechanisms, already established for greenhouse gas mitigation in Annex 1 countries that ratified the Kyoto Protocol, for implementing "net mitigation," defined here as mitigation beyond Annex 1 countries' formal mitigation requirements under the Kyoto...
Persistent link: https://www.econbiz.de/10012969808
The Amazon rainforest, the world's largest and most biodiverse, represents a global public good of which 15 percent has …
Persistent link: https://www.econbiz.de/10012972345
poverty incidence, but more slowly for the upper bound. Either way, the developing world has a higher poverty incidence but is … making more progress against poverty than the developed world …
Persistent link: https://www.econbiz.de/10012949043
There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the early 1990s. We explore reasons for this evolution. We show that a likely explanation of this empirical fact is that both the...
Persistent link: https://www.econbiz.de/10009382056
The substantial variation in the real price of oil since 2003 has renewed interest in the question of how to forecast monthly and quarterly oil prices. There also has been increased interest in the link between financial markets and oil markets, including the question of whether financial market...
Persistent link: https://www.econbiz.de/10010336456
U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...
Persistent link: https://www.econbiz.de/10010225465
The answer as to whether there are gains from pooling real-time oil price forecasts depends on the objective. The approach of combining five of the leading forecasting models with equal weights dominates the strategy of selecting one model and using it for all horizons up to two years. Even more...
Persistent link: https://www.econbiz.de/10010418248
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …
Persistent link: https://www.econbiz.de/10003398717
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