A disaggregated intertemporal CGE model is used to simulate the welfare effects in Norway of the recently implemented … costs for the country is identified as the most important source of welfare gains, through improved terms of trade. Due to … welfare. In particular, this explains why the simulated reduction of employment has a significant negative impact on the total …

. This is partly attributable to a modest increase in aggregate welfare, as polluting consumption rise significantly along …

number of periods following default maximizes stationary equilibrium welfare. This exclusion policy maximizes the stationary … volume of mutually beneficial lending transactions. It also maximizes the average welfare of the excluded. The optimal length …

energy efficiency we find substantial welfare costs of energy efficiency policies, particularly when interacting with carbon …

structure of our model, the paper presents macroeconomic effects, and impacts on growth and welfare of environmental constraints … assumptions. Contrary to widespread opinion, a low discount rate increases the environmental drag on welfare. Reducing the rate of …

This paper analyses the non-environmental welfare costs of an environmental tax reform using a numerical intertemporal … consumption and saving, the total non-environmental welfare effect of the tax reform is positive. The paper also analyses how … imperfect price expectations for the investors in real capital influence the total welfare costs of the tax reform. The welfare …

The working of the labour market is important for the total welfare effects of tax reforms. This paper analyses, by … between industries and wage formation influence the non-environmental welfare effects of an environmental tax reform. Three … wage bargaining. The welfare effects differ substantially between the alternatives, depending especially on the total tax …