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. However, the rest of the world will benefit from an associated decline in the world real interest rate and from a … entitlement program expenditures will crowd out economic growth in the United States and the rest of the world. -- Fiscal policy …
Persistent link: https://www.econbiz.de/10003727267
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
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/10013116148
Fiscal policy in the U.S. and other countries renders intertemporal budgets non-differentiable, nonconvex, and discontinuous. Consequently, assessing work and saving responses to policy requires global optimization. This paper develops the Global Life-Cycle Optimizer (GLO), a stochastic...
Persistent link: https://www.econbiz.de/10014528375
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story for another time. Nonetheless, this led India to surpass Brazil in second most cases in the world behind the USA. The …
Persistent link: https://www.econbiz.de/10013214315
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In den 90er Jahren kam es zu einem weltweiten Boom bei den Direktinvestitionen. Im Gegensatz zu vergleichbaren Entwicklungen in den 80er Jahren haben auch eine Reihe von Entwicklungsländern in erheblichem Umfang Direktinvestitionskapital empfangen. Diese breitere Streuung hat auch...
Persistent link: https://www.econbiz.de/10001460551