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This article reviews a rapidly growing literature on how climatic risks and events affect public finances around the world. This literature includes empirical evaluations of how past climatic events have affected fiscal outcomes, empirical and model-based assessments of how climatic risks affect...
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reallocation implications of policies to control climate change and their efficient implementation. The scope for further work …
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The Ricardian Equivalence Theorem establishes a set of conditions under which the form of finance of a public program … (tax or debt finance) has no effects on any substantive outcomes. Following Barro (1974), the theorem has typically been … of debt finance is offset by increased private saving. However, Ricardian equivalence can also be established in a …
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, called “Finance 4.0” or just “FIN4”, which combines blockchain technology with the Internet of Things (“IoT”). What if …
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Governments are facing significant climate-related risks from the expected increase in frequency and intensity of cyclones, floods, fires, and other climate-related extreme events. The report Building Financial Resilience to Climate Impacts: A Framework for Governments to Manage the Risks of...
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This paper reviews the fiscal implications of climate change, and the potential role of the Fund in addressing them. It stresses that: -- The potential fiscal implications are immediate as well as lasting, and liable to affect-in differing forms and degree-all Fund members. -- Climate change is...
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