Showing 81 - 90 of 1,650
Does a shift to ambitious climate policy increase financial fragility? In this paper, we develop a quantitative macroeconomic model with carbon taxes and endogenous financial crises to study such "Climate Minsky Moments". By reducing asset returns, an accelerated transition to net zero exerts...
Persistent link: https://www.econbiz.de/10014632326
, average world welfare may fall as a result of global carbon pricing unless “the rich” assist “the poor”. …
Persistent link: https://www.econbiz.de/10013259654
We present a simple model, illustrating how democracy may improve the quality of the economic institutions. The model further suggests that institutional quality varies more across autocracies than across democracy and that the positive effect of democracies on economic institutional quality...
Persistent link: https://www.econbiz.de/10013342090
We examine how the adverse impacts of weather shocks are distributed through the trade network. Exploiting a rich, theoretically derived, fixed effects structure, we find significant negative short-run effects of high temperature on exports. A month with an average temperature above 30 °C...
Persistent link: https://www.econbiz.de/10013359053
Persistent link: https://www.econbiz.de/10014468723
Persistent link: https://www.econbiz.de/10014486893
Persistent link: https://www.econbiz.de/10009671328
In this paper targets, institutions and policy measures for describing and implementing sustainable development are evaluated in terms of their conformity with the economic framework of a market system. Firstly, from the viewpoint of neo-liberal economic thinking as conceived by the German...
Persistent link: https://www.econbiz.de/10013428103
Persistent link: https://www.econbiz.de/10003935816
Mergers & acquisitions (M&A) are most popular external growth strategies. While the number of M&A has been increasing during the past decades, on average, only the shareholders of target firms gain value during the acquisitions process, while acquirers do not receive abnormal positive returns....
Persistent link: https://www.econbiz.de/10009405099