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Green Bond Pricing and Greenwashing under Asymmetric Information

Schmittmann, Jochen M. - 2022

We analyze the corporate green bond market under a rational framework without an innate green preference, using a …, false or exaggerated claims of being green. The extent of greenwashing in the market is a function of the green bond premium …. A swift and gradual implementation of carbon pricing generates a small green bond premium and a low level of …

Persistent link: https://www.econbiz.de/10015059920

U.S. Corporate Income Tax Reform and its Spillovers

Clausing, Kimberly - 2016

This paper examines the main distortions of the U.S. corporate income tax (CIT), focusing on its international aspects, and proposes a set of reforms to alleviate them. A bold reform to replace the CIT with a corporate-level rent tax could induce efficiency-enhancing reform of the international...

Persistent link: https://www.econbiz.de/10014408057

Spillovers to Emerging Markets from US Economic News and Monetary Policy

Engler, Philipp - 2023

When the U.S. economy sneezes, do emerging markets catch a cold? We show that economic news, and not just monetary policy, in the United States affects financial conditions in emerging markets. News about U.S. employment has the strongest effects, followed by news about economic activity and...

Persistent link: https://www.econbiz.de/10015059685

Sovereign Green Bonds: A Catalyst for Sustainable Debt Market Development?

Cheng, Gong - 2024

In traditional bond markets, sovereign bonds provide benchmarks and serve as catalysts for the corporate bond market … development. Contrary to the usual sequence of bond market development, sovereign issuers are latecomers to sustainable bond … markets. Yet, our empirical study finds that sovereign green bond issuance can have quantitative and qualitative benefits for …

Persistent link: https://www.econbiz.de/10015080326

Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers

Lindner, Peter - 2023

to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace …

Persistent link: https://www.econbiz.de/10015059620

Fiscal Foresight and Information Flows

Walker, Todd B.; Leeper, Eric M.; Yang, Shu-Chun S. - International Monetary Fund (IMF) - 2012

News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial challenges to econometric efforts to recover the structural shocks to which economic agents react. Using tax policies as a leading...

Persistent link: https://www.econbiz.de/10010790371

Tariff-tax reforms in large economies

Ganelli, Giovanni; Tervala, Juha - 2012

This paper studies tariff-tax reforms in a calibrated two-region global New Keynesian model composed of a developing and an advanced region. In our baseline calibration, a revenue-neutral reform that lowers tariffs in developing countries can reduce domestic welfare. The reason is that the...

Persistent link: https://www.econbiz.de/10009615785

Flat Tax(es) : Principles and Evidence

Kim, Kevin - 2006

Persistent link: https://www.econbiz.de/10012682182

Environmental Tax Reform : Principles from Theory and Practice to Date

Parry, Ian W.H - 2012

This paper recommends a system of upstream taxes on fossil fuels, combined with refunds for downstream emissions capture, to reduce carbon and local pollution emissions. Motor fuel taxes should also account for congestion and other externalities associated with vehicle use, at least until...

Persistent link: https://www.econbiz.de/10012684557

Allowances for Corporate Equity in Practice.

Klemm, Alexander - 2006

Intro -- Contents -- I. INTRODUCTION -- II. ACE TAX SYSTEMS -- III. ACE SYSTEMS IN PRACTICE -- IV. PREVIOUS ANALYSES OF ACE TAX SYSTEMS -- V. THE BRAZILIAN ACE VARIANT -- VI. CONCLUSION -- Appendix I. Effective Tax Rates -- REFERENCES.

Persistent link: https://www.econbiz.de/10012690981

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