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Eye of the Storm: The Impact of Climate Shocks on Inflation and Growth
Cevik, Serhan - 2023
What is the impact of climate change on inflation and growth dynamics? This is not a simple question to answer as climate shocks tend to be ubiquitous, but with opposing effects simultaneously on demand and supply. The extent of which climate-related shocks affect inflation and economic growth...
Persistent link: https://www.econbiz.de/10015059496
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The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi - 2013
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10014409435
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Coordinating climate and trade policies : Pareto efficiency and the role of border tax adjustments
Keen, Michael; Kotsogiannēs, Chrēstos - 2012
This paper explores the role of trade instruments in globally efficient climate policies, focusing on the central issue of whether some form of border tax adjustment (BTA) is warranted when carbon prices differ internationally. It shows that tariff policy has a role in easing cross-country...
Persistent link: https://www.econbiz.de/10009678873
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Weathering Tomorrow: Climate Analogues and Adaptation Gaps in Europe
Fouejieu, Armand - 2024
The European continent is warming at more than twice the global average. The human and economic costs of higher temperature and more frequent and extreme natural disasters-already substantial in Europe-are expected to increase further unless suitable adaptation strategies are implemented. This...
Persistent link: https://www.econbiz.de/10015058381
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Trade in Low Carbon Technologies: The Role of Climate and Trade Policies
Pienknagura, Samuel - 2024
Curbing carbon emissions to meet the targets set in the Paris Agreement requires the deployment of low carbon technologies (LCTs) at a global scale. This paper assesses the role of climate and trade policies in fostering LCT diffusion through trade. Leveraging a comprehensive database of climate...
Persistent link: https://www.econbiz.de/10015058542
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Public Debt Dynamics During the Climate Transition
Garcia-Macia, Daniel - 2024
Managing the climate transition presents policymakers with a tradeoff between achieving climate goals, fiscal sustainability, and political feasibility, which calls for a fiscal balancing act with the right mix of policies. This paper develops a tractable dynamic general equilibrium model to...
Persistent link: https://www.econbiz.de/10015058547
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Cross-Border Impacts of Climate Policy Packages in North America
Fournier, Jean-Marc - 2024
We quantify cross-border effects of the recent climate mitigation policies introduced in Canada and the U.S., using the global general equilibrium model IMF-ENV. Notably, with the substantial emission reductions from Canada's carbon tax-led mitigation policies and the U.S.' Inflation Reduction...
Persistent link: https://www.econbiz.de/10015058567
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Climate Variability and Worldwide Migration: Empirical Evidence and Projections
Cattaneo, Cristina - 2024
We estimate a bilateral gravity equation for emigration rates controlling for decadal weather averages of temperature, precipitation, droughts, and extreme precipitation in origin countries. Using the parameter estimates of the gravity equation, we estimate global, regional, and...
Persistent link: https://www.econbiz.de/10015058584
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Accounting for Climate Risks in Costing the Sustainable Development Goals
Aggarwal, Rimjhim - 2024
This paper evaluates the additional spending needed to meet core targets of selected Sustainable Development Goals (SDGs) while accounting for the associated cost to address climate risks. The SDGs under study are those related to human and physical capital development. An additional 3.8 percent...
Persistent link: https://www.econbiz.de/10015058731
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Fiscal Impacts of Climate Disasters in Emerging Markets and Developing Economies
Fuje, Habtamu - 2023
Climate-induced disasters are causing increasingly frequent and intense economic damages, disproportionally affecting emerging markets and developing economies (EMDEs) relative to advanced economies (AEs). However, the impact of various types of climate shocks on output growth and fiscal...
Persistent link: https://www.econbiz.de/10015058849