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Carbon-based border tax adjustments and China's international trade : analysis based on a dynamic computable general equilibrium model

Tang, Ling; Bao, Qin; Zhang, ZhongXiang; Wang, Shouyang - 2013

With large shares in global trade and carbon emissions, China's international trade is supposed to be significantly … affected by the proposed carbon-based border tax adjustments (BTAs). This paper examines the impacts of BTAs imposed by the USA … and EU on China's international trade, based on a multi-sector dynamic computable general equilibrium (CGE) model. The …

Persistent link: https://www.econbiz.de/10009714388

Impacts of border carbon adjustments on China’s sectoral emissions : simulations with a dynamic computable general equilibrium model

Bao, Qin; Tang, Ling; Zhang, ZhongXiang; Qiao, Han; … - 2011

(CGE) model to estimate the impacts of the BTAs implemented by US and EU on China's sectoral carbon emissions. The results …

Persistent link: https://www.econbiz.de/10009419783

US financial shocks and the distribution of income and consumption in the UK

Mumtaz, Haroon; Theodoridis, Konstantinos - 2018

We show that US financial shocks have an impact on the distribution of UK income and consumption. Households with higher income and higher levels of consumption are affected more by this shock than households located towards the lower end of these distributions. An estimated multiple agent DSGE...

Persistent link: https://www.econbiz.de/10011787854

The US proposed carbon tariffs, WTO scrutiny and China's responses

Zhang, ZhongXiang - 2010 - This version: December 7, 2009

tariffs on Chinese products to the U.S. market, even given China's own recent announcement to voluntarily seek to reduce its … really open the possibility for the U.S. and China to make the commitments that each wants from the other, the inclusion of … the carbon contents of imported products. Meanwhile, being targeted by such border carbon adjustment measures, China needs …

Persistent link: https://www.econbiz.de/10008702833

Climate change meets trade in promoting green growth : potential conflicts and synergies

Zhang, ZhongXiang - 2010

To date, border adjustment measures in the form of emissions allowance requirements (EAR) under the U.S. proposed cap-and-trade regime are the most concrete unilateral trade measure put forward to level the carbon playing field. If improperly implemented, such measures could disturb the world...

Persistent link: https://www.econbiz.de/10008702270

Policy uncertainty and aggregate fluctuations

Mumtaz, Haroon; Surico, Paolo - 2013

This paper estimates the impact on the US economy of four types of uncertainty about (i) government spending, (ii) tax changes, (iii) public debt sustainability and (iv) monetary policy. Following a one standard deviation shock, uncertainty about debt sustainability has the largest and most...

Persistent link: https://www.econbiz.de/10009790714

Financial conditions and density forecasts for US output and inflation

Alessandri, Piergiorgio; Mumtaz, Haroon - 2014

When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail" macroeconomic events. We examine this conjecture by...

Persistent link: https://www.econbiz.de/10010339756

The changing transmission of uncertainty shocks in the US : an empirical analysis

Mumtaz, Haroon; Theodoridis, Konstantinos - 2014

This paper investigates if the impact of uncertainty shocks on the US economy has changed over time. To this end, we develop an extended Factor Augmented VAR model that simultaneously allows the estimation of a measure of uncertainty and its time-varying impact on a range of variables. We find...

Persistent link: https://www.econbiz.de/10010472799

Fiscal policy shocks and stock prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2017

This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices. After 1980, along with a decline in the fiscal...

Persistent link: https://www.econbiz.de/10011627039

Open trade with the U.S. without compromising Canada's ability to comply with its Kyoto target

Zhang, ZhongXiang - 2003

There are no other two countries in the world that trade as much between themselves as do Canada and the U.S.. It should thus come as no surprise that the U.S. deviation from international obligations makes Canadian industries' competitiveness (trade) concerns become even more rigorous. Against...

Persistent link: https://www.econbiz.de/10011591712