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This paper presents a new measure of aggregate trade restrictions (MATR) using data from the International Monetary Fund's Annual Report on Exchange Arrangements and Exchange Restrictions. MATR is strongly correlated with existing measures of trade restrictiveness but is more comprehensive in...
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We study nominal GDP targeting as optimal monetary policy in a model with a credit market friction following Azariadis, Bullard, Singh and Suda (2018), henceforth ABSS. As in ABSS, the macroeconomy we study has considerable income inequality which gives rise to a large private sector credit...
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to the elimination of tariffs and cuts in non-tariff measures by 25%, is in the range of 1% to 4% of initial consumption …, depending on the parameterization. The welfare gain increases in the elasticity of substitution between domestic and foreign …
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negative direct effect of US tariffs on US imports from China, but (2) do not find evidence for significant short-run trade …
Persistent link: https://www.econbiz.de/10012146302
Accurate information about electricity generation and consumption is crucial to power system modelling. Several … example, annual electricity generation from wind and solar power in Germany differs by as much as 10% - 20%, depending on who … provided, nor is it constant. The deviation is particularly worrying in Germany, where peak electricity demand might be …
Persistent link: https://www.econbiz.de/10011391790
lower electricity prices Even with multiple market failures, emissions pricing remains the single most cost-effective option …Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from …
Persistent link: https://www.econbiz.de/10010380638