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The role of international carbon offsets in a second-best climate policy : a numerical evaluation

De Cian, Enrica; Tavoni, Massimo - 2010

International carbon offsets have been promoted since the Kyoto Protocol and an increasing number of countries have implemented or proposed cap-and-trade schemes with international trading, even though with quantitative or qualitative restrictions. Those limits reflect the trade-off between...

Persistent link: https://www.econbiz.de/10008702840

Climate policy and the optimal balance between mitigation, adaptation and unavoided damage

Bosello, Francesco; Carraro, Carlo; De Cian, Enrica - 2010 - This draft: February 2010

shown that in a world where the probability of climate-related catastrophic events is small and where decision makers have a …

Persistent link: https://www.econbiz.de/10008702850

Sophisticated monetary policies

Atkeson, Andrew (contributor); … - 2008 - Rev.

The Ramsey approach to policy analysis finds the best competitive equilibrium given available instruments but is silent about how to get there uniquely. Many ways of specifying monetary policy lead to indeterminacy. Sophisticated policies do not. They depend on the history of past actions and...

Persistent link: https://www.econbiz.de/10003722989

Temporary price changes and the real effects of monetary policy

Kehoe, Patrick J. (contributor); … - 2008

In the data, a large fraction of price changes are temporary. We provide a simple menu cost model which explicitly includes a motive for temporary price changes. We show that this simple model can account for the main regularities concerning temporary and permanent price changes. We use the...

Persistent link: https://www.econbiz.de/10003722992

Sales and the real effects of monetary policy

Kehoe, Patrick J. (contributor); … - 2007

In the data, a sizable fraction of price changes are temporary price reductions referred to as sales. Existing models include no role for sales. Hence, when confronted with data in which a large fraction of price changes are sales related, the models must either exclude sales from the data or...

Persistent link: https://www.econbiz.de/10003479621

International technology spillovers in climatte-economy models : two possible approaches

De Cian, Enrica (contributor) - 2006

Persistent link: https://www.econbiz.de/10003603266

Sticky prices and sectoral real exchange rates

Kehoe, Patrick J. (contributor); … - 2007

theory for persistence have some modest support: in the data, the stickier is the price of a good the more persistent is its … real exchange rate, but the theory predicts much more variation in persistence than is in the data. The predictions of the … theory for volatiity fare less well: in the data, the stickier is the price of a good the smaller is its conditional variance …

Persistent link: https://www.econbiz.de/10003579972

Reply to Solow

Chari, Varadarajan V. (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003580339

Sustainable social spending and stagnant public services : Baumol's cost disease revisited

Ploeg, Frederick van der (contributor) - 2007

Persistent link: https://www.econbiz.de/10003560000

Prudent budgetary policy : political economy of precautionary taxation

Ploeg, Frederick van der (contributor) - 2007

Persistent link: https://www.econbiz.de/10003560110