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Disposal is not free : fiscal instruments to internalize the environmental costs of solid waste

Matheson, Thornton - 2019

This paper provides an overview of global solid waste generation, its environmental costs, and fiscal instruments that … can be used to encourage waste reduction and finance proper disposal. Countries-especially island nations--struggle to … manage an ever-increasing volume of solid waste, generation of which is projected to exceed 2 billion tons a year by 2025 …

Persistent link: https://www.econbiz.de/10012155061

Climate disaster risks : empirics and a multi-phase dynamic model

Mittnik, Stefan; Semmler, Willi; Haider, Alexander - 2019

Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback e?ects on the macroecon-omy. Research on disaster risks has...

Persistent link: https://www.econbiz.de/10012102117

Revisiting carbon leakage

Misch, Florian; Wingender, Philippe - 2021

This paper estimates the carbon leakage rate across countries, arguably a key parameter in the international climate policy discussion including on border carbon adjustment, but which remains subject to significant uncertainty. We propose innovations along two lines. First, we exploit recently...

Persistent link: https://www.econbiz.de/10012605494

Predicting recessions : a new approach for identifying leading indicators and forecast combinations

Baba, Chikako; Kıṣınbay, Turgut - 2011

Persistent link: https://www.econbiz.de/10009422676

On the capacity to absorb public investment : how much is too much?

Gurara, Daniel Zerfu; Kpodar, Kangni; Presbitero, Andrea; … - 2020

While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often leads to inefficient outcomes. This paper rationalizes this outcome looking at the association between cost inflation and public investment in a large sample of road construction...

Persistent link: https://www.econbiz.de/10012251291

When do we repair the roof? : insights from responses to fiscal crisis early warning signals

Honda, Jiro; Tapsoba, René; Issifou, Ismael - 2018

Should policymakers wait for fiscal crisis early warning signals before repairing the roof? We give an answer to this question by investigating the interlinkages between early warning signals for fiscal crisis, policy responses, and policy outcomes, using a broad panel of 119 countries. We find...

Persistent link: https://www.econbiz.de/10011848256

A macroeconomic approach to the term premium

Kopp, Emanuel; Williams, Peter D. - 2018

In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise. Term premia are very sensitive to the expected future path of growth, inflation, and monetary policy, and an inflation...

Persistent link: https://www.econbiz.de/10011866493

Peeling away the layers : impacts of durable tariff elimination

Gnutzmann-Mkrtchyan, Arevik; Henn, Christian - 2018

We demonstrate that durable MFN tariff elimination affects trade patterns through several layers, which generates non-linear impacts. First, complete tariff elimination results in a large additional trade gains over and above tariff reductions. Second, commitment to durable tariff elimination,...

Persistent link: https://www.econbiz.de/10011852644

Analysis of the U.S. Business Cycle with a Vector-Markov-Switching Model

Kontolemis G., Zenon - 1999

This paper identifies turning points for the U.S. business cycle using different time series. The model, a multivariate Markov-Swiching model, assumes that each series is characterized by a mixture of two normal distributions (a high and low mean) with switching determined by a common Markov...

Persistent link: https://www.econbiz.de/10014401046

The Role of Stock Markets in Current Account Dynamics : Evidence From the United States

Mercereau, Benoît - 2003

This paper tests a model of the role of stock markets in current account dynamics, developed in a companion paper. With U.S. data, the model performs better than the same model without stock markets. An insight given by the model is that the current account might help predict future stock market...

Persistent link: https://www.econbiz.de/10014401280

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