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What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis

Fullerton, Don; Ta, Chi L. - National Bureau of Economic Research - 2022

Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...

Persistent link: https://www.econbiz.de/10012938752

Regulating Conglomerates in China : Evidence from an Energy Conservation Program

Chen, Qiaoyi; Chen, Zhao; Liu, Zhikuo; Suárez Serrato, … - National Bureau of Economic Research - 2021

We study a prominent energy regulation affecting large Chinese manufacturers that are part of broader conglomerates … of the regulation by more than 40% and increase aggregate energy savings by 10% …

Persistent link: https://www.econbiz.de/10012599356

The Impact of Commercial Real Estate Regulations on U.S. Output

Babalievsky, Fil; Herkenhoff, Kyle; Ohanian, Lee E.; … - National Bureau of Economic Research - 2023

Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium...

Persistent link: https://www.econbiz.de/10014437026

The Impact of Regulation on Innovation

Aghion, Philippe; Bergeaud, Antonin; Van Reenen, John - National Bureau of Economic Research - 2021

Does regulation affect the pace and nature of innovation and if so, by how much? We build a tractable and quantifiable ….4% lower due to the regulation, a 2.2% consumption equivalent welfare loss. Four-fifths of this loss is due to lower innovation … changes in the direction of R&D, and find that regulation's negative effects only matter for incremental innovation (as …

Persistent link: https://www.econbiz.de/10012482599

The Cost of Regulatory Compliance in the United States

Trebbi, Francesco - National Bureau of Economic Research - 2022

We quantify firms' compliance costs of regulation from 2002 to 2014 in terms of their labor input expenditure to comply …

Persistent link: https://www.econbiz.de/10013462739

Donor Contracting Conditions and Public Procurement : Causal Evidence from Kenyan Electrification

Wolfram, Catherine D.; Miguel, Edward; Hsu, Eric; … - National Bureau of Economic Research - 2023

There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting...

Persistent link: https://www.econbiz.de/10014226145

Economic Research on Privacy Regulation : Lessons from the GDPR and Beyond

Johnson, Garrett - National Bureau of Economic Research - 2022

This paper reviews the economic literature on the European Union's General Data Protection Regulation (GDPR). I … highlight key challenges for studying the regulation including the difficulty of finding a suitable control group, variable firm … compliance and regulatory enforcement, as well as the regulation's impact on data observability. The economic literature on the …

Persistent link: https://www.econbiz.de/10013477197

An Import(ant) Price of Brexit Uncertainty

Graziano, Alejandro G.; Handley, Kyle; Limão, Nuno - National Bureau of Economic Research - 2023

We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of Britain's exit from the European Union (Brexit). Our analysis reveals that an increase in the probability of Brexit increases U.K. import price indices by raising the prices of...

Persistent link: https://www.econbiz.de/10014337833

Living Up to Expectations : Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis

Cole, Stephen J.; Martínez-García, Enrique; Sims, Eric R. - National Bureau of Economic Research - 2023

This paper studies the effectiveness of forward guidance when central banks have imperfect credibility. Exploiting unique survey-based measures of expected inflation, output growth, and interest rates, we estimate a small-scale New Keynesian model for the United States and other G7 countries...

Persistent link: https://www.econbiz.de/10014421202

This Time is Not so Different : Income Dynamics During the COVID-19 Recession

Bell, Brian; Bloom, Nicholas; Blundell, Jack - National Bureau of Economic Research - 2021

We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different types of workers to aggregate shocks. Employees who are...

Persistent link: https://www.econbiz.de/10012533420