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Unintended Consequences from Nested State & Federal Regulations : The Case of the Pavley Greenhouse-Gas-per-Mile Limits
Goulder, Lawrence H. - 2009
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10012463313
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The American Invasion of Europe : The Long Term Rise in Overseas Travel, 1820-2000
Dupont, Brandon - 2008
Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also …'s establishing special accounts on travel and tourism. In this paper we investigate the long term rise in overseas travel by … as mass tourism. We document this rise by compiling a long term series on overseas travel, and describe the changes in …
Persistent link: https://www.econbiz.de/10012464669
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Work and Leisure in the U.S. and Europe : Why So Different?
Alesina, Alberto - 2005
the U.S. and Europe. Another popular view is that these differences are explained by long-standing European "culture," but … the U.S. and Europe. These policies do not seem to have increased employment, but they may have had a more society …
Persistent link: https://www.econbiz.de/10012467406
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Long Workweeks and Strange Hours
Hamermesh, Daniel S. - 2014
incidence of unusual work times in the U.S. would far exceed those in continental Europe …
Persistent link: https://www.econbiz.de/10012458219
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Generational Accounting and Immigration in the United States
Auerbach, Alan J. - 1999
In recent years, the renewed strength of immigration to the United States has sparked a debate about the economic effects of immigration. A central issue in this debate has been the fiscal impact of immigrants. Most research in this area has adopted a static, cross-section approach in assessing...
Persistent link: https://www.econbiz.de/10012471759
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Forecasting Inflation
Stock, James H. - 1999
This paper investigates forecasts of U.S. inflation at the 12-month horizon. The starting point is the conventional unemployment rate Phillips curve, which is examined in a simulated out of sample forecasting framework. Inflation forecasts produced by the Phillips curve generally have been more...
Persistent link: https://www.econbiz.de/10012471777
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Coal-Fired Power Plant Retirements in the U.S
Davis, Rebecca J.; Holladay, J. Scott; Sims, Charles - National Bureau of Economic Research - 2021
, and forecast the remaining operating life for every operating coal-fired generator. We summarize the technology and … our forecast horizon …
Persistent link: https://www.econbiz.de/10012585433
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Noise in Expectations : Evidence from Analyst Forecasts
De Silva, Tim - National Bureau of Economic Research - 2021
This paper quantifies the amount of noise and bias in analysts' forecast of corporate earnings at various horizons. We …
Persistent link: https://www.econbiz.de/10012585447
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Measuring U.S. Fiscal Capacity using Discounted Cash Flow Analysis
Jiang, Zhengyang; Lustig, Hanno; Van Nieuwerburgh, Stijn; … - National Bureau of Economic Research - 2022
We use discounted cash flow analysis to measure a country's fiscal capacity. Crucially, the discount rate applied to projected cash flows includes a GDP risk premium. We apply our valuation method to the CBO's projections for the U.S. federal government's deficit between 2022 and 2051 and debt...
Persistent link: https://www.econbiz.de/10013190996
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AI Adoption in a Monopoly Market
Gans, Joshua - National Bureau of Economic Research - 2022
The adoption of artificial intelligence (AI) prediction of demand by a monopolist firm is examined. It is shown that, in the absence of AI prediction, firms face complex trade-offs in setting price and quantity ahead of demand that impact on the returns of AI adoption. Different industrial...
Persistent link: https://www.econbiz.de/10013191089