Narrow search
Showing 1 - 10 of 145
Cover Image
From macroeconomic stability to welfare : optimizing fiscal rules in commodity-dependent economies
Heresi, Rodrigo; Villacis, Daniela Villacreces - 2023
We study the welfare and macroeconomic implications of simple and implementable fiscal policy rules in commodity-dependent economies, where a large share of output, exports, and government revenues depend on exogenous and volatile commodity prices. Using a multi-sector New Keynesian model...
Persistent link: https://www.econbiz.de/10014550828
Cover Image
Public investment and fiscal crisis in Brazil : finding culprits and solutions
Bonomo, Marco Antonio; Frischtak, Cláudio R.; Ribeiro, … - 2021
subnational (state) levels. It is the steady increase of personnel expenditures in real terms that underlies the fiscal … limiting subnationals personnel expenditures to 50 percent of net revenues, triggering adjustment measures when reaching 47 … expenditure ceiling introduced in 2016, which has successfully curbed expenditures, including those of the judiciary and …
Persistent link: https://www.econbiz.de/10012586295
Cover Image
Determinants of the public debt and the role of the natural resources : a cross-country analysis
Sadik-Zada, Elkhan; Gatto, Andrea - 2019
This paper investigates the major drivers of the public debt growth in 184 countries. Our analysis consists in a cross-country survey, which is conducted on the basis of the improved compilation of datasets on the central government debt for 2013. In order to differentiate between...
Persistent link: https://www.econbiz.de/10011980713
Cover Image
Reluctant privatization
Bortolotti, Bernardo; Faccio, Mara - 2004
We study the evolution of the control structure of 141 privatized firms from OECD countries over the period from 1996 through 2000. We find that governments do not relinquish control after privatization. We show that the market-to-book ratios of privatized firms converge through time to those of...
Persistent link: https://www.econbiz.de/10011606983
Cover Image
Tale of two countries : emissions scenarios for China and India
Massetti, Emanuele - 2011
The aim of the paper is to present evidence that China and India are, and will remain, two very different actors in international negotiations to control global warming. We base our conclusions on historical data and on scenarios until 2050. The Business-as-Usual scenario (BaU) is compared to...
Persistent link: https://www.econbiz.de/10008903412
Cover Image
What should we expect from innovation? : a model-based assessment of the environmental and mitigation cost implications of climate-related R&D
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2010
This paper addresses two basic issues related to technological innovation and climate stabilisation objectives: i) Can innovation policies be effective in stabilising greenhouse gas concentrations? ii) To what extent can innovation policies complement carbon pricing (taxes or permit trading) and...
Persistent link: https://www.econbiz.de/10008728830
Cover Image
A numerical analysis of optimal extraction and trade of oil under climate policy
Massetti, Emanuele; Sferra, Fabio - 2010
We introduce endogenous investments for increasing conventional and non-conventional oil extraction capacity in the integrated assessment model WITCH. The international price of oil emerges as the Nash equilibrium of a non-cooperative game. When carbon emissions are not constrained, oil is used...
Persistent link: https://www.econbiz.de/10008737181
Cover Image
Efficiency improving fossil fuel technologies for electricity generation : data selection and trends
Lanzi, Elisa; Verdolini, Elena; Hašcic, Ivan - 2011
This paper studies innovation dynamics in efficiency improving electricity generation technologies as an important means of mitigating climate change impacts. Relevant patents are identified and used as an indicator of innovation. We find that patenting in efficiency improving technologies has...
Persistent link: https://www.econbiz.de/10008808079
Cover Image
The role of R&D and technology diffusion in climate change mitigation : new perspectives using the witch model
Bosetti, Valentina; Carraro, Carlo; Duval, Romain; … - 2009
This paper uses the WITCH model, a computable general equilibrium model with endogenous technological change, to explore the impact of various climate policies on energy technology choices and the costs of stabilising greenhouse gas concentrations. Current and future expected carbon prices...
Persistent link: https://www.econbiz.de/10008809693
Cover Image
The external cost of European crude oil imports
Bigano, Andrea; Cassinelli, Mariaester; Sferra, Fabio; … - 2009
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms...
Persistent link: https://www.econbiz.de/10008809694