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Testing Macroprudential Stress Tests : The Risk of Regulatory Risk Weights

Acharya, Viral V. - 2013

their risk assessments and outcomes to those from a simple methodology that relies on publicly available market data and … market data; (iii) This discrepancy arises due to the reliance on regulatory risk weights in determining required levels of … capital once stress-test losses are taken into account. In particular, the continued reliance on regulatory risk weights in …

Persistent link: https://www.econbiz.de/10013083085

Implications of macroeconomic volatility in the Euro area

Hauzenberger, Niko; Böck, Maximilian; Pfarrhofer, Michael - 2018

In this paper we estimate a Bayesian vector autoregressive model with factor stochastic volatility in the error term to assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a latent quantity during estimation. Only a limited number of...

Persistent link: https://www.econbiz.de/10011978764

Transition to Clean Technology

Acemoglu, Daron - 2015

We develop a microeconomic model of endogenous growth where clean and dirty technologies compete in production and innovation—in the sense that research can be directed to either clean or dirty technologies. If dirty technologies are more advanced to start with, the potential transition to...

Persistent link: https://www.econbiz.de/10013031480

Subsidizing Mass Adoption of Electric Vehicles : Quasi-Experimental Evidence from California

Muehlegger, Erich - 2018

Little is known about electric vehicle (EV) demand by low- and middle-income households. In this paper, we exploit a policy that provides exogenous variation in large EV subsidies targeted at the mass market in California. Using transaction-level data, we estimate three important policy...

Persistent link: https://www.econbiz.de/10012906453

Bringing Satellite-Based Air Quality Estimates Down to Earth

Fowlie, Meredith; Rubin, Edward; Walker, Reed - 2021

We use state-of-the-art, satellite-based PM2.5 estimates to assess the extent to which the EPA's existing, monitor-based measurements over- or under-estimate true exposure to PM2.5 pollution. Treating satellite-based estimates as truth implies a substantial number of "policy...

Persistent link: https://www.econbiz.de/10014108042

Sources of Comparative Advantage in Polluting Industries

Broner, Fernando - 2012

We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...

Persistent link: https://www.econbiz.de/10013101512

Distributional Implications of Alternative U.S. Greenhouse Gas Control Measures

Rausch, Sebastian - 2013

We analyze the distributional and efficiency impacts of different allowance allocation schemes for a national cap and trade system using the USREP model, a new recursive dynamic computable general equilibrium model of the U.S. economy. We consider allocation schemes applied to a comprehensive...

Persistent link: https://www.econbiz.de/10013094679

Distributional Impacts in a Comprehensive Climate Policy Package

Metcalf, Gilbert E. - 2010

This paper provides a simple analytic approach for measuring the burden of carbon pricing that does not require sophisticated and numerically intensive economic models but which is not limited to restrictive assumptions of forward shifting of carbon prices. We also show how to adjust for the...

Persistent link: https://www.econbiz.de/10013142080

Long-Run Environmental Accounting in the U.S. Economy

Muller, Nicholas Z. - 2022

This paper estimates an augmented measure of national output inclusive of environmental pollution damage in the United States economy over a 60-year period. The paper reports two primary findings. First, air pollution intensity declined precipitously from the 1950s to the modern era. Air...

Persistent link: https://www.econbiz.de/10013324022

How Does State-Level Carbon Pricing in the United States Affect Industrial Competitiveness?

Casey, Brendan; Gray, Wayne B.; Linn, Joshua; … - 2022

Pricing carbon emissions from a jurisdiction could harm the competitiveness of local firms, causing the leakage of emissions and economic activity to other regions. Past research concentrated on national carbon prices, but the impacts of subnational carbon prices could be more severe due to the...

Persistent link: https://www.econbiz.de/10013324679

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