Showing 1 - 10 of 1,493
In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...
Persistent link: https://www.econbiz.de/10012610702
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
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
Dollarization in Russia increased rapidly during the early 1990s, but failed to come down in the second half of the … ratio. The model is estimated using a new source of data on dollar currency holdings in Russia. On the basis of these …
Persistent link: https://www.econbiz.de/10014403658
In this paper we examine economic disparities across regions in Russia and offer a theoretical treatment of various …
Persistent link: https://www.econbiz.de/10014401353
In 1992 Russia unified the multiple exchange rates that had applied to international transactions. This paper describes … the multiple exchange rate system that existed in Russia prior to mid-1992 and undertakes a theoretical exploration of the … foreign exchange markets of changes in the types of policy instruments associated with Russia’s exchange rate regime reform …
Persistent link: https://www.econbiz.de/10014396206
This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in transition economies may reflect substantial business risks in those countries and...
Persistent link: https://www.econbiz.de/10014398204
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
The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment studying the dynamics of the transition to a low...
Persistent link: https://www.econbiz.de/10011978566
Persistent link: https://www.econbiz.de/10009419793