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Dirty Dance : Tourism and Environment
Cevik, Serhan - 2022
Tourism was one of the fastest-growing sectors before the COVID-19 pandemic, accounting for about 10 percent of global GDP. But it has also created a number of challenges including environmental degradation, especially in small island countries where the carbon footprint of tourism constitute...
Persistent link: https://www.econbiz.de/10014076818
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Financial Regulation, Climate Change, and the Transition to a Low-Carbon Economy : A Survey of the Issues
Demekas, Dimitri; Grippa, Pierpaolo - 2022
There are demands on central banks and financial regulators to take on new responsibilities for supporting the transition to a low-carbon economy. Regulators can indeed facilitate the reorientation of financial flows necessary for the transition. But their powers should not be overestimated....
Persistent link: https://www.econbiz.de/10013306708
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Mitigating Climate Change : Growth-Friendly Policies to Achieve Net Zero Emissions by 2050
Jaumotte, Florence; Liu, Weifeng; McKibbin, Warwick - 2022
Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation … of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with …
Persistent link: https://www.econbiz.de/10013306768
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Are Climate Change Policies Politically Costly?
Furceri, Davide; Ganslmeier, Michael; Ostry, Jonathan D. - 2022
Are policies designed to avert climate change (Climate Change Policies, or CCPs) politically costly? Using data on governmental popular support and the OECD’s Environmental Stringency Index, we find that CCPs are not necessarily politically costly: policy design matters. First, only...
Persistent link: https://www.econbiz.de/10013306798
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - 2012
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
Persistent link: https://www.econbiz.de/10013107075
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Too Small to Fail? Subnational Spending Pressures in Europe
Eyraud, Luc - 2013
The purpose of this paper is to assess whether expenditure decentralization has contributed to weakening fiscal … following questions: (1) does the form of spending decentralization affect the general government fiscal balance?; (2) is there … results indicate that current decentralization models may have some shortcomings and efforts to achieve fiscal consolidation …
Persistent link: https://www.econbiz.de/10013085613
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The Decentralization Dilemma in India
Purfield, Catriona - 2006
state deficits and debt rose sharply. While India is among the world's most decentralized economies, greater … decentralization is not the root cause of this situation. Panel estimation techniques find evidence that the trend rise in deficits …
Persistent link: https://www.econbiz.de/10012783224
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Designing Sound Fiscal Relations Across Government Levels in Decentralized Countries
Boadway, Robin - 2019
decentralization systems by examining the sequencing and economic principles underlying revenue and expenditure assignments, the use of …
Persistent link: https://www.econbiz.de/10012895109
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Inefficient Fire-Sales in Decentralized Asset Markets
Ebrahimy, Ehsan - 2019
Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-notfully account for the asset fire-sales during the Financial Crisis of 2008. I present a modelto demonstrate that fire-sales may happen even when there is a sizable pool of naturalbuyers and in the absence of...
Persistent link: https://www.econbiz.de/10012868464
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Income Inequality, Fiscal Decentralization and Transfer Dependency
Goerl, Caroline-Antonia - 2014
on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of … that the decentralization of government expenditure can help achieve a more equal distribution of income. However, several … conditions need to be fulfilled: i) the government sector needs to be sufficiently large, ii) decentralization should be …
Persistent link: https://www.econbiz.de/10013053956