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Economic Growth and the Environment
Grossman, Gene M. - 1994
: concentrations of urban air pollution; measures of the state of the oxygen regime in river basins; concentrations of fecal …
Persistent link: https://www.econbiz.de/10012474270
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Firm-Level Financial Resources and Environmental Spills
Cohn, Jonathan - 2018
Using novel US environmental spill data, we document a robust negative relationship between the number of spills a firm experiences in a given year and its contemporaneous and lagged (but not future) cash flow. In addition, studying two natural experiments, we find an increase (decrease) in...
Persistent link: https://www.econbiz.de/10012453200
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Environment, Health, and Human Capital
Zivin, Joshua Graff - 2013
between the environment and individual well-being. First, in explicitly recognizing how optimizing behavior, particularly in … the form of residential sorting, can lead to non-random assignment of pollution, economists have employed a wide range of … quasi-experimental techniques to develop causal estimates of the effect of pollution. Second, economic research has placed a …
Persistent link: https://www.econbiz.de/10012459726
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Financial Conditions Indexes : A Fresh Look after the Financial Crisis
Hatzius, Jan - 2010
This paper explores the link between financial conditions and economic activity. We first review existing measures, including both single indicators and composite financial conditions indexes (FCIs). We then build a new FCI that features three key innovations. First, besides interest rates and...
Persistent link: https://www.econbiz.de/10012462507
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The Measurement of Wealth : Recessions, Sustainability and Inequality
Stiglitz, Joseph E. - 2015
This paper considers two central problems in our statistical frameworks which impair the ability to use wealth to assess economic sustainability or the impacts of economic downturns. Some increases in wealth may reflect increased economic rents--in particular, land and exploitation rents--and...
Persistent link: https://www.econbiz.de/10012457340
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Optimal Emission Pricing in the Presence of International Spillovers : Decomposing Leakage and Terms-of-Trade Motives
Böhringer, Christoph - 2010
Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...
Persistent link: https://www.econbiz.de/10012462752
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The Information in the High Yield Bond Spread for the Business Cycle : Evidence and Some Implications
Gertler, Mark - 2000
The market for high yield (below investment-grade) corporate bonds developed in the middle 1980s. We show that, since this time, the high yield spread has had significant explanatory power for the business cycle. We interpret this finding as possibly symptomatic of financial factors at work in...
Persistent link: https://www.econbiz.de/10012471226
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Dispersion and Volatility in Stock Returns : An Empirical Investigation
Campbell, John Y. - 1999
This paper studies three different measures of monthly stock market volatility: the time-series volatility of daily market returns within the month; the cross-sectional volatility or 'dispersion' of daily returns on industry portfolios, relative to the market, within the month; and the...
Persistent link: https://www.econbiz.de/10012471650
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How Tight are U.S. Labor Markets?
Domash, Alex; Summers, Lawrence Henry - National Bureau of Economic Research - 2022
Since the outset of the Covid-19 pandemic, labor market indicators that traditionally move together have been sending different signals about the degree of slack in the U.S. labor market. While some indicators on the supply-side, such as the prime-age employment-to-population ratio, suggest that...
Persistent link: https://www.econbiz.de/10012938708
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Tracking Weekly State-Level Economic Conditions
Baumeister, Christiane; Leiva-Leon, Danilo; Sims, Eric R. - National Bureau of Economic Research - 2021
In this paper, we develop a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of state economies. We show that there is...
Persistent link: https://www.econbiz.de/10012599293