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changes, (iii) public debt sustainability and (iv) monetary policy. Following a one standard deviation shock, uncertainty … about debt sustainability has the largest and most significant impact on real activity, with negative effects on output … by debt sustainability. Our results are based on a new empirical framework that allows the volatility of identified …
Persistent link: https://www.econbiz.de/10009790714
: financial risk and environmental risk. The analysis is carried out using time series data for six advanced economies in the … period 1965-2007. The results support the theoretical conclusions that both financial risk alone and the interaction between … empirical analysis performed with one-argument utility functions. Finally, we provide new estimates of indexes of relative risk …
Persistent link: https://www.econbiz.de/10009235901
Persistent link: https://www.econbiz.de/10013503820
This paper looks at the interplay between human capital and innovation in the presence of climate and educational policies. Using recent empirical estimates, human capital and general purpose R&D are introduced in an integrated assessment model that has been extensively applied to study climate...
Persistent link: https://www.econbiz.de/10009535543
Persistent link: https://www.econbiz.de/10011458006
dividends next period as ambiguous. We calibrate the agent's ambiguity aversion to match only the first moment of the risk …
Persistent link: https://www.econbiz.de/10011756113
more in dirty firms. Whether clean firms exhibit CAPM alphas depends on the amount of systematic risk of the firm and its …
Persistent link: https://www.econbiz.de/10014456380
key port performance indicators that can be used to monitor sustainability performance and help make business decisions … associated targets represent an authoritative global guideline to achieving sustainability across different sectors. The agenda …
Persistent link: https://www.econbiz.de/10012233395
We implement a mixed method approach that combines a randomized controlled trial and qualitative data collection to assess whether, and if so how, behavioural change can be sustained. We do so in the context of Pakistan’s national sanitation strategy to combat open defecation, Community-Led...
Persistent link: https://www.econbiz.de/10012802318
Persistent link: https://www.econbiz.de/10013454365