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Limits to private climate change mitigation

Elmalt, Dalya; Igan, Deniz; Kirti, Divya - 2021

As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG...

Persistent link: https://www.econbiz.de/10012605057

A Fiscal Price Tag for International Reserves

Hauner, David - 2005

This paper examines the (quasi-)fiscal impact of the (opportunity) cost of international reserves. It proposes a conceptual framework, with particular emphasis on two hitherto somewhat neglected aspects: a more appropriate measure of gross opportunity cost, and potential savings from lower...

Persistent link: https://www.econbiz.de/10014400952

Euro Area Money Demand : Measuring the Opportunity Costs Appropriately

Levy, Joaquim Vieira Ferreira - 2001

The existence of a well-specified and stable relationship between money and prices has long been perceived as a prerequisite for the use of monetary aggregates in the conduct of monetary policy. This paper contributes to the ongoing discussion about the stability of euro area money demand by...

Persistent link: https://www.econbiz.de/10014401237

Turkmenistan : The Burden of Current Agricultural Policies

International Monetary Fund - 2000

This paper analyses the economic costs of current agricultural policies in Turkmenistan. It argues that the opportunity cost of continuing with these policies is very high for the budget, the average farmer, and the economy as a whole. The paper calls for the development of nontraditional...

Persistent link: https://www.econbiz.de/10014399893

Policy Reform, Shadow Prices, and Market Prices

International Monetary Fund - 1988

How should possible policy reforms and projects be assessed when prices give misleading signals? Revenues and costs at market prices then give distorted measures of social gains and losses and our appraisal should use social opportunity costs, or correctly defined, shadow prices. We show how...

Persistent link: https://www.econbiz.de/10014396134

The Demand Cor International Reserves and their Opportunity Cost

International Monetary Fund - 1988

An empirical study that shows that countries’ reserve holdings are sensitive to the rates at which they can borrow on international financial markets, this analysis confirms the view that holding major currencies as reserve assets has costs that are frequently unrecognized. Between 1978-82 for...

Persistent link: https://www.econbiz.de/10014395904

How green are green debt issuers?

Schmittmann, Jochen Markus; Teng, Chua Han - 2021

Green debt markets are rapidly growing while product design and standards are evolving. Many policymakers and investors view green debt as an important component in the policy mix to achieve the transition to a low carbon economy and ensure the pricing of climate risks. Our analysis contributes...

Persistent link: https://www.econbiz.de/10012605577

Demographics, pension systems and the saving-investment balance

Chai, Hua; Kim, Jun-il - 2018

This paper studies the effect of demographic change on national saving, global interest rates, and international capital flows, focusing on the role of the public pension system. We develop a small open economy overlapping generations model to illustrate the channels through which demographic...

Persistent link: https://www.econbiz.de/10011978553

Trade uncertainty and investment in the euro area

Ebeke, Christian; Siminitz, Jesse - 2018

We analyze the impact of trade policy uncertainty on investment in the euro area. Our identification strategy assumes … that countries that are relatively more dependent on global trade networks exhibit a higher sensitivity of investment with … respect to trade uncertainty. We find that the investment-to-GDP ratio is on average 0.8 percentage points lower for five …

Persistent link: https://www.econbiz.de/10011978678

Assessing DSGE models with capital accumulation and indeterminacy

Khramov, Vadim - 2012

Persistent link: https://www.econbiz.de/10009572356

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