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Monitoring the climate impact of fiscal policy : lessons from tracking the COVID-19 response
Eltokhy, Khaled; Funke, Katja; Huang, Guohua; Kim, Yujin; … - 2021
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
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Has COVID-19 induced labor market mismatch? : evidence from the US and the UK
Pizzinelli, Carlo; Shibata, Ippei - 2022
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of Sahin and others (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third...
Persistent link: https://www.econbiz.de/10013170581
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Tracking the economic impact of COVID-19 and mitigation policies in Europe and the United States
Chen, Sophia; Igan, Deniz; Pierri, Nicola; Presbitero, … - 2020
We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states that experienced larger outbreaks also suffered larger economic losses. We also find that the...
Persistent link: https://www.econbiz.de/10012299321
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The impact of environmental policy on innovation in clean technologies
Eugster, Johannes - 2021
This paper studies the effect of climate change mitigating policies on innovation in clean energy technologies. Results … significant contribution to the increase in clean innovation. These effects generally materialized quickly, within 2 to 3 years of … at electricity innovation in particular, the paper finds that the estimated effect on total innovation is positive on net …
Persistent link: https://www.econbiz.de/10012605122
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Climate-related stress testing : transition risks in Norway
Grippa, Pierpaolo; Mann, Samuel - 2020
Persistent link: https://www.econbiz.de/10012392495
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Employment effects of environmental policies : evidence from firm-level data
Mohommad, Adil - 2021
The employment impact of environmental policies is an important question for policy makers. We examine the effect of increasing the stringency of environmental policy across a broad set of policies on firms' labor demand, in a novel identification approach using Worldscope data from 31 countries...
Persistent link: https://www.econbiz.de/10012613386
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Mitigating climate change : growth-friendly policies to achieve net zero emissions by 2050
Jaumotte, Florence; Liu, Weifeng; McKibbin, Warwick J. - 2021
Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with carbon pricing only for comparison with the comprehensive...
Persistent link: https://www.econbiz.de/10012605547
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The Macroeconomic Effects of Environmental Taxes : A Closer Look At the Feasibility of ""Win-Win"" Outcomes
Ligthart, Johanna Elisabeth - 1998
This paper reviews recent literature on the macroeconomic effects of environmental taxes. It attempts to delineate the conditions under which a cleaner environment is compatible with attaining macroeconomic objectives, such as more employment and economic growth. The analysis reveals that an...
Persistent link: https://www.econbiz.de/10014400766
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Financial regulation, climate change, and the transition to a low-carbon economy : a survey of the issues
Demekas, Dimitri G.; Grippa, Pierpaolo - 2021
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
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Reconsidering climate mitigation policy in the UK
Arregui, Nicolas; Parry, Ian W. H. - 2020
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