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In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for "greening" them to meet the dual goals of economic recovery and...
Persistent link: https://www.econbiz.de/10012796277
This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results suggest that the tightening of environmental policies since the early 1990s have made a statistically and economically significant contribution to the increase in clean...
Persistent link: https://www.econbiz.de/10012605122
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/10012794760
The UK has pledged to cut greenhouse gases 57 percent below 1990 levels by 2030, to be emisisons neutral by 2050, and to phase out internal combustion engine vehicles by 2030. Much progress has been made, but fully achieving these ambitious objectives with the current policy framework will be...
Persistent link: https://www.econbiz.de/10012485949
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Statistical offices have often recourse to benchmarking methods for compiling quarterly national accounts (QNA …). Benchmarking methods employ quarterly indicator series (i) to distribute annual, more reliable series of national accounts and (ii …) benchmarking method proposed by Denton (1971) is a widely used solution for distribution, but in extrapolation it may suffer when …
Persistent link: https://www.econbiz.de/10009618495
This paper reviews public expenditure in Lithuania to identify areas where deeper structural reforms may be warranted to improve spending efficiency and contain future spending pressures. The analysis benchmarks spending in Lithuania against other European countries focusing on spending levels,...
Persistent link: https://www.econbiz.de/10011445593
This paper analyzes the availability, methodological soundness, and scope of National Accounts statistics in IMF member and non-member countries in 2020. National Account statistics are instrumental in the development of fiscal and monetary policy and in monitoring economic developments. This...
Persistent link: https://www.econbiz.de/10013170270