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Persistent link: https://www.econbiz.de/10011281192
This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries. Globally, subsidies remained large at USD 4.7...
Persistent link: https://www.econbiz.de/10012019864
This paper provides a comprehensive, updated picture of energy subsidies at the global and regional levels. It focuses on the broad notion of post-tax energy subsidies, which arise when consumer prices are below supply costs plus a tax to reflect environmental damage and an additional tax...
Persistent link: https://www.econbiz.de/10014412106
bimetallism, id est, a near-universal fixed exchange rate system in which (mostly) France stabilized the exchange value between … France, which would have severed the link between gold and silver currencies. Without reform, Germany would thus have risked … accommodation, however. Victory in the Franco-Prussian war of 1870/71 allowed Germany to force accommodation, but only until France …
Persistent link: https://www.econbiz.de/10012009318
Advanced economies have been witnessing a pronounced slowdown of productivity growth since the global financial crisis that is accompanied in recent years by a withdrawal from trade integration processes. We study the determinants of productivity slowdown over the past two decades in four...
Persistent link: https://www.econbiz.de/10012170132
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10011779742
and associated inflation expectations for the United States, Australia, Canada, France, Sweden, Japan, and the United …
Persistent link: https://www.econbiz.de/10014400687