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An Analytical Framework of Environmental Issues
Levin, Jonathan - 2014
Environmental effects which were insignificant in the past, when the fewer concentrations of population or products of modern technology allowed the vast absorptive capacity of nature to act as a sink, are quite evident today--in the pollution of air or water, the overuse of potentially...
Persistent link: https://www.econbiz.de/10012752380
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The Effects of Weather Shocks on Economic Activity : What are the Channels of Impact?
Acevedo Mejia, Sebastian - 2018
Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise...
Persistent link: https://www.econbiz.de/10012913921
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Creative Destruction During Crises - an Opportunity for a Cleaner Energy Mix
Deb, Pragyan; Furceri, Davide; Ostry, Jonathan D.; … - 2022
Lockdowns resulting from the COVID-19 pandemic have reduced overall energy demand but electricity generation from renewable sources has been resilient. While this partly reflects the trend increase in renewables, the empirical analysis presented in this paper highlights that recessions result in...
Persistent link: https://www.econbiz.de/10013298748
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Gross National Happiness and Macroeconomic Indicators in the Kingdom of Bhutan
Balasubramanian, Sriram - 2019
Kingdom of Bhutan, and the relationship between measured well-being and macroeconomic indicators. While there are only a few … national surveys of Gross National Happiness in Bhutan, the concept has been used to guide public policymaking for the country …'s various Five-Year Plans. Consistent with the Easterlin Paradox, available evidence indicates that Bhutan's rapid increase in …
Persistent link: https://www.econbiz.de/10012892900
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Valuation and Treatment of Depletable Resources in the National Accounts
Levin, Jonathan - 2006
To assess the feasibility of the national accounts treating as assets depletable resources extracted for sale, the paper examines three issues: 1. whether treating natural resources as assets when they are used requires symmetrical accounting when they enter economic reserves; 2. at what stage...
Persistent link: https://www.econbiz.de/10012781117
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Disposal is Not Free : Fiscal Instruments to Internalize the Environmental Costs of Solid Waste
Matheson, Thornton - 2020
This paper provides an overview of global solid waste generation, its environmental costs, and fiscal instruments that can be used to encourage waste reduction and finance proper disposal. Countries—especially island nations—struggle to manage an ever-increasing volume of solid waste,...
Persistent link: https://www.econbiz.de/10012843311
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Welfare vs. Income Convergence and Environmental Externalities
Bannister, Geoffrey J. - 2018
We present estimates of welfare by country for 2007 and 2014 using the methodology of Jones and Klenow (2016) which incorporates consumption, leisure, mortality and in equality, and we extend the methodology to include environmental externalities. During the period of the global financial crisis...
Persistent link: https://www.econbiz.de/10012929937
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Feeling the Heat : Climate Shocks and Credit Ratings
Cevik, Serhan; Jalles, João Tovar - 2021
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change, but research on how climate change affects sovereign...
Persistent link: https://www.econbiz.de/10013250076
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Sustainable Finance in Emerging Markets : Evolution, Challenges, and Policy Priorities
Goel, Rohit; Natalucci, Fabio; Gautam, Deepali - 2022
Sustainable finance has become a key focus area for global investors and policy makers. Last year proved to be a breakout year for emerging markets (EMs), with sustainable debt issuance in 2021 surging to almost $200 billion. This working paper, the first comprehensive study in the literature,...
Persistent link: https://www.econbiz.de/10014076814
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Weather Shocks and Exchange Rate Flexibility
Elekdag, Selim Ali; Tuuli, Maxwell - 2022
This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this question, the impact of weather shocks on real per...
Persistent link: https://www.econbiz.de/10014030697