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Incidence and Environmental Effects of Distortionary Subsidies
Heutel, Garth - 2014
Government policies that are not intended to address environmental concerns can nonetheless distort prices and affect firms' emissions. We present an analytical general equilibrium model to study the effect of distortionary subsidies on factor prices and on environmental outcomes. We model an...
Persistent link: https://www.econbiz.de/10013064267
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Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals
Li, Chunding - 2014
This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These …-participation countries will lose. If non-tariff barriers are reduced more, the impacts will be larger. All effects to China on welfare, trade …, export and import are positive. Comparatively China-TPP and RCEP will yield the highest welfare outcomes for the US in our …
Persistent link: https://www.econbiz.de/10013048108
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Fiscal Limits in Advanced Economies
Leeper, Eric M. - 2011
Aging populations in advanced economies are placing ever-increasing demands on government spending in the form of old-age benefits. Economies that have promised substantially more benefits than they have made provision to finance are heading into a prolonged era of fiscal stress. Unresolved...
Persistent link: https://www.econbiz.de/10013129132
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Continuous-Time Methods for Integrated Assessment Models
Cai, Yongyang - 2012
Continuous time is a superior representation of both the economic and climate systems that Integrated Assessment Models (IAM) aim to study. Moreover, continuous-time representations are simple to express. Continuous-time models are usually solved by discretizing time, but the quality of a...
Persistent link: https://www.econbiz.de/10013100985
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General Equilibrium Effects of Cash Transfers : Experimental Evidence from Kenya
Egger, Dennis - 2019
How large economic stimuli generate individual and aggregate responses is a central question in economics, but has not been studied experimentally. We provided one-time cash transfers of about USD 1000 to over 10,500 poor households across 653 randomized villages in rural Kenya. The implied...
Persistent link: https://www.econbiz.de/10012857666
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The General Equilibrium Impacts of Unemployment Insurance : Evidence from a Large Online Job Board
Marinescu, Ioana Elena - 2016
During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board CareerBuilder.com, I find that a 10% increase in benefit...
Persistent link: https://www.econbiz.de/10012986286
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Unemployment and Environmental Regulation in General Equilibrium
Hafstead, Marc A. C. - 2016
This paper analyzes the effects of environmental policy on employment (and unemployment) using a new general-equilibrium two-sector search model. We find that imposing a pollution tax causes substantial reductions in employment in the regulated (polluting) industry, but this is offset by...
Persistent link: https://www.econbiz.de/10012991682
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Evaluating Labor Market Reforms : A General Equilibrium Approach
Alonso-Borrego, Cesar; Fernández-Villaverde, Jesús; … - 2021
Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This belief has led several countries to reform their labor markets and liberalize the use of fixed-term contracts. Despite how common such contracts have become after deregulation, there...
Persistent link: https://www.econbiz.de/10013222310
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Benefits and Spillovers of Greater Competition in Europe : A Macroeconomic Assesment
Bayoumi, Tamim; Laxton, Douglas; Pesenti, Paolo A. - 2021
Using a general-equilibrium simulation model featuring nominal rigidities and monopolistic competition in product and labor markets, this paper estimates the macroeconomic benefits and international spillovers of an increase in competition. After calibrating the model to the euro area vs. the...
Persistent link: https://www.econbiz.de/10013223084
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A General Equilibrium Simulation Study of Subsidies to Municipal Expenditures
Gordon, Roger H.; Slemrod, Joel B. - 2021
In the United States, local government expenditures are heavily subsidized through a variety of sources. This paper explores theoretically and then simulates empirically the effects of eliminating either of two federal subsidies encouraging local government expenditures: (1) income tax...
Persistent link: https://www.econbiz.de/10013223591