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In the Kyrgyz Republic, access to reliable and affordable heating is critical given the cold and long winters in its mountainous regions. With central heating solutions such as district heating limited to the capital city Bishkek and other urban areas, over 80 percent of households resort to...
Persistent link: https://www.econbiz.de/10012647155
.1 billion a year. Similarly, a carbon tax that unilaterally increases energy prices by 10 percent in the European Union could reduce European Union-wide net manufacturing exports by 1.9 percent annually
Persistent link: https://www.econbiz.de/10012246039
This report synthesizes the findings for the energy sector of a broader study, the Brazil low carbon study, which was … undertaken by the World Bank in its initiative to support Brazil's integrated effort towards reducing national and global … abating Greenhouse Gas (GHG) emissions in Brazil in the energy area and to assess the relative costs of doing so for the time …
Persistent link: https://www.econbiz.de/10012247242
," estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 developing) for …
Persistent link: https://www.econbiz.de/10012004794
-region transfer multipliers are not large, suggesting only modest gains in regional stabilization from US federal automatic …
Persistent link: https://www.econbiz.de/10012241154
The fiscal position can affect fiscal multipliers through two channels. Through the Ricardian channel, households … multipliers tend to be smaller when fiscal positions are weak than strong …
Persistent link: https://www.econbiz.de/10012008266
This paper analyzes whether fiscal policy in South Asia amplifies or smooths business cycle fluctuations. The paper estimates several econometric models to explore the cyclicality of government spending and tax buoyancy. The findings show that fiscal policy is procyclical in most countries. In...
Persistent link: https://www.econbiz.de/10012008294
estimate functional multipliers conditional on absorptive capacity.The estimated functional multipliers vary from -1.11 for … multipliers are precisely estimated and of the same order of magnitude (though slightly larger) than the GMM-IV estimates. To … obtain multipliers for individual countries (and not averages) I use a Bayesian iterative shrinkage estimators. The shrinkage …
Persistent link: https://www.econbiz.de/10012645543
Transfers to individuals were a larger part of the 2009 U.S. stimulus package than government purchases. Using a two-agent New Keynesian model, this paper shows analytically that the multiplier on targeted transfers to financially constrained households is (i) larger than the purchase multiplier...
Persistent link: https://www.econbiz.de/10012245731