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On Forecasting Interest Rates : An Efficient Markets Perspective
Pesando, James E. - 1979
forecasting movements in short-term interest rates. For brief forecast intervals, however, ex ante changes in long-term rates are …
Persistent link: https://www.econbiz.de/10012478737
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Russia's Fiscal Gap
Goryunov, Eugene - 2013
debt still have very major fiscal problems? The answer is that the Russia's energy resources are finite, whereas its … expenditure needs are not. Moreover, Russia is aging and facing massive obligations from its pension system and other age related …This study estimates Russia's 2013 fiscal gap at 890 trillion rubles or $28 trillion. This longterm budget shortfall is …
Persistent link: https://www.econbiz.de/10012459053
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Exchange Rate Pass-through and Industry Characteristics : The Case of Taiwan's Exports of Midstream Petrochemical Products
Wang, Kuo-Liang - 1996
Based on 1986-1992 survey data of 22 midstream petrochemical industries in Taiwan, the empirical results of the export price, the markup ratio and the price-cost margin equations in this study show that Taiwan's petrochemical firms absorb only a small portion of a given weighted exchange rate...
Persistent link: https://www.econbiz.de/10012473085
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Estimating the Effect of a Gasoline Tax on Carbon Emissions
Davis, Lucas W. - 2009
Several policy makers and economists have proposed the adoption of a carbon tax in the United States. It is widely recognized that such a tax in practice must take the form of a tax on the consumption of energy products such as gasoline. Although a large existing literature examines the...
Persistent link: https://www.econbiz.de/10012463962
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Greenhouse Gas Reductions under Low Carbon Fuel Standards?
Holland, Stephen P. - 2007
A low carbon fuel standard (LCFS) seeks to reduce greenhouse gas emissions by limiting a fuel producer's carbon emissions per unit of output. California has launched an LCFS for transportation fuels; others have called for a national LCFS. We show that this policy decreases production of...
Persistent link: https://www.econbiz.de/10012465385
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Optimal Taxes on Fossil Fuel in General Equilibrium
Golosov, Mikhail - 2011
We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externality through climate change from using fossil energy. A central result of our paper is an analytical derivation of a simple formula for the marginal externality damage of emissions. This formula, which holds under...
Persistent link: https://www.econbiz.de/10012461310
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The Cost of Fuel Economy in the Indian Passenger Vehicle Market
Chugh, Randy - 2011
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We use hedonic price functions for four market segments (petrol...
Persistent link: https://www.econbiz.de/10012461670
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Fuel Tax Incidence and Supply Conditions
Marion, Justin - 2011
The incidence of taxes on consumers and producers plays a central role in evaluating energy tax policy, yet the literature testing the main predictions of the tax incidence model is sparse. In this paper, we examine the pass-through rate of state gasoline and diesel taxes to retail prices, and...
Persistent link: https://www.econbiz.de/10012461795
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The Taxation of Fuel Economy
Sallee, James - 2010
Policy-makers have instituted a variety of fuel economy tax policies -- polices that tax or subsidize new vehicle purchases on the basis of fuel economy performance -- in the hopes of improving fleet fuel economy and reducing gasoline consumption. This article reviews existing policies and...
Persistent link: https://www.econbiz.de/10012462191
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The Economics of Attribute-Based Regulation : Theory and Evidence from Fuel-Economy Standards
Ito, Koichiro - 2014
This paper analyzes "attribute-based regulations," in which regulatory compliance depends upon some secondary attribute that is not the intended target of the regulation. For example, in many countries fuel-economy standards mandate that vehicles have a certain fuel economy, but heavier or...
Persistent link: https://www.econbiz.de/10012458167