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Energy Policy with Externalities and Internalities
Allcott, Hunt - 2013
We analyze optimal policy when consumers of energy-using durables undervalue energy costs relative to their private optima. First, there is an Internality Dividend from Externality Taxes: aside from reducing externalities, they also offset distortions from underinvestment in energy efficiency....
Persistent link: https://www.econbiz.de/10013091197
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
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Non-Economic Engagement and International Exchange : The Case of Environmental Treaties
Rose, Andrew Kenan; Spiegel, Mark M. - 2021
We examine the role of non-economic partnerships in promoting international economic exchange. Since far-sighted countries are more willing to join costly international partnerships such as environmental treaties, environmental engagement tends to encourage international lending. Countries with...
Persistent link: https://www.econbiz.de/10013238743
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China and the Tpp : A Numerical Simulation Assessment of the Effects Involved
Li, Chunding - 2012
other pacific countries are included, China is notable for its exclusion from the process thus far. This paper uses … numerical simulation methods to assess the potential effects of a TPP agreement on China and the other participating countries …. Simulation results reveal that China will be hurt by TPP initiatives, but the negative effects are relatively small given the …
Persistent link: https://www.econbiz.de/10013106304
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
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Globalization, Government Popularity, and the Great Skill Divide
Aksoy, Cevat Giray - 2018
How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....
Persistent link: https://www.econbiz.de/10012910662
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Buffering Volatility : A Study on the Limits of Germany's Energy Revolution
Sinn, Hans-Werner - 2016
Squaring hourly demand and wind-solar production data for Germany and a number of neighbouring countries with the results of the EU's ESTORAGE project, this paper studies the limits of Germany's energy revolution in view of the volatility of wind and solar power. In addition to pumped storage,...
Persistent link: https://www.econbiz.de/10012985948
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Mars or Mercury? The Geopolitics of International Currency Choice
Eichengreen, Barry - 2017
geopolitical factors. Using data on foreign reserves of 19 countries before World War I, for which the currency composition of … hypothetical scenario where the U.S. withdraws from the world, our estimates suggest that long-term U.S. interest rates could rise …
Persistent link: https://www.econbiz.de/10012940799
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Large Hoarding of International Reserves and the Emerging Global Economic Architecture
Aizenman, Joshua - 2007
competitive devaluations. The sheer size of China, and its lower sterilization costs suggests that China may be the winner of a … and precautionary motives in the context of China may be challenged by a version of the quot;peso problem.quot; Hoarding …
Persistent link: https://www.econbiz.de/10012776454
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The Revived Bretton Woods System's First Decade
Dooley, Michael P. - 2014
evolve as we expected. China is likely to graduate from the periphery to the center in the next few years. This graduation … cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country …
Persistent link: https://www.econbiz.de/10013047779