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Deforestation and environmental policy : a DSGE approach
Pereira, Rodrigo Mendes; Góes, Geraldo Sandoval - 2019
This paper proposes an environmental DSGE model with deforestation of a tropical rain forest. The forest can be used to produce goods, but it also affects the well-being of the representative individual. Environmental policy is implemented with the taxation of the deforestation activity. We...
Persistent link: https://www.econbiz.de/10012126366
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Fickle fossils : economic growth, coal and the European oil invasion, 1900-2015
Fritzsche, Miriam; Wolf, Nikolaus - 2023
capital accumulation contributed to this reversal of fortune and fully explains the negative effects until today. Moreover, we …
Persistent link: https://www.econbiz.de/10014487309
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Fickle fossils : economic growth, coal and the European oil invasion, 1900-2015
Fritzsche, Miriam; Wolf, Nikolaus - 2022
, using new detailed data on carboniferous strata as an instrument. Moreover, we show that human capital accumulation was the … human capital, but pre-industrial human capital helped declining regions to reinvent themselves. Without sufficient human … capital, fossil fuels did never generate sustainable growth. …
Persistent link: https://www.econbiz.de/10014088348
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Critical mineral depletion and recycling$sfrom the perspective of the cooperation and open-loop competition
Ruan, Weihua; Zou, Benteng - 2023
Persistent link: https://www.econbiz.de/10014320946
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Strategic considerations of critical mineral depletion and recycling under Markovian competition
Ruan, Weihua; Zou, Benteng - 2023
Persistent link: https://www.econbiz.de/10014320949
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Personal bankruptcy law, debt portfolios, and entrepreneurship
Mankart, Jochen; Rodano, Giacomo - 2015
Every year 400,000 entrepreneurs fail and 60,000 file for personal bankruptcy. The option to declare bankruptcy provides entrepreneurs with insurance against the financial consequences of business failures. However, it comes at the cost of worsened credit market conditions. In this paper, we...
Persistent link: https://www.econbiz.de/10011316589
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Mean field games with singular controls
Fu, Guanxing; Horst, Ulrich - 2017
This paper establishes the existence of relaxed solutions to mean eld games (MFGs for short) with singular controls. As a by-product, we obtain an existence of relaxed solutions results for McKean-Vlasov stochastic singular control problems. Finally, we prove approximations of solutions results...
Persistent link: https://www.econbiz.de/10011626609
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Demographics and the decline in firm entry : lessons from a life-cycle model
Röhe, Oke; Stähler, Nikolai - 2020
Since the mid-1970s, firm entry rates in the United States have declined significantly. This also holds for other OECD countries over the past years. At the same time, these economies experienced a gradual process of population aging. Applying a tractable life-cycle model with endogenous firm...
Persistent link: https://www.econbiz.de/10012180750
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Monetary policy rules under bounded rationality
Dobrew, Michael; Gerke, Rafael; Kienzler, Daniel; … - 2023
We study the welfare performance of various simple monetary policy rules under bounded rationality (BR) along the lines of Gabaix (2020) in a New Keynesian model with sticky wages and an effective lower bound (ELB) on interest rates. Policy strategies with a strong history dependence lose their...
Persistent link: https://www.econbiz.de/10014320809
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Re-allocating taxing rights and minimum tax rates in international profit taxation
Kempkes, Gerhard; Stähler, Nikolai - 2021
, lower expected future output requires less capital in production in the long run. Firms hence invest less and (temporarily …
Persistent link: https://www.econbiz.de/10012433663