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Cap-and-Trade Climate Policy, Free Allowances, and Price-Regulated Firms
Lanz, Bruno; Rausch, Sebastian - 2013
Firms subject to cost-of-service regulation cannot withhold windfall profits associated with free emissions allowances. This paper examines the efficiency and distributional impacts of two approaches to transfer free allowances to consumers: output subsidies and lump-sum payments. We employ an...
Persistent link: https://www.econbiz.de/10011753242
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Cap-and-trade climate policy, free allowances, and price-regulated firms
Lanz, Bruno; Rausch, Sebastian - 2013 - This version: February 2013
Firms subject to cost-of-service regulation cannot withhold windfall profits associated with free emissions allowances. This paper examines the efficiency and distributional impacts of two approaches to transfer free allowances to consumers: output subsidies and lump-sum payments. We employ an...
Persistent link: https://www.econbiz.de/10009754685
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Impact on US Gasoline Prices of Eliminating Biofuels Production : An Equilibrium Analysis
Elliott, Joshua - 2015
Persistent link: https://www.econbiz.de/10013037264
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Growing Complexities : A Cross-Sector Review of U.S. Biofuels Policies and Their Interactions
Blonz, Joshua A.; Vajjhala, Shalini P.; Safirova, Elena - 2009
In the midst of concerns about U.S. energy security and climate change, a wider use of biomass and biofuels is promoted as one of the recipes for sustainability. The production and use of biofuels in the United States has rapidly increased in the last several years, promoted by a variety of...
Persistent link: https://www.econbiz.de/10014209564
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Carbon Tariffs Revisited
Böhringer, Christoph; Müller, André; Schneider, Jan - 2014
Concerns about adverse impacts on domestic energy-intensive and trade-exposed (EITE) industries are at the fore of the political debate about unilateral climate policies. Tariffs on the carbon embodied in imported goods from countries without emission pricing appeal as a measure to reduce carbon...
Persistent link: https://www.econbiz.de/10010435698
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Carbon tariffs revisited
Böhringer, Christoph; Müller, André; Schneider, Jan - 2014
Concerns about adverse impacts on domestic energy-intensive and trade-exposed (EITE) industries are at the fore of the political debate about unilateral climate policies. Tariffs on the carbon embodied in imported goods from countries without emission pricing appeal as a measure to reduce carbon...
Persistent link: https://www.econbiz.de/10010252654
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Emerging countries and the effects of the trade war between US and China
Carvalho, Monique; Azevedo, André; Massuquetti, Angélica - In: Economies : open access journal 7 (2019) 2/45, pp. 1-21
The aim of the paper is to examine the effects of the US-China trade war on both countries and some emerging economies. Two scenarios are examined, one where only US protectionist measures are considered, and another in which Chinese retaliation is taken into account, using the GTAP (Global...
Persistent link: https://www.econbiz.de/10012021648
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Putting the New Keynesian DSGE model to the real-time forecasting test
Kolasa, Marcin; Rubaszek, Michał; Skrzypczyński, Paweł - 2009
. Nevertheless, their forecasting properties are still barely explored. We fill this gap by comparing the quality of real … priors from a DSGE model. We show that the analyzed DSGE model is relatively successful in forecasting the US economy in the … accurate short-term forecasts for interest rates. Conditional on experts' now casts, however, the forecasting power of the DSGE …
Persistent link: https://www.econbiz.de/10011605156
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Accounting for changes in the homeownership rate
Chambers, Matthew; Garriga, Carlos; Schlagenhauf, Don E. - 2007
After three decades of being relatively constant, the homeownership rate increased over the 1994-2005 period to attain record highs. The objective of this paper is to account for the observed boom in ownership by examining the role played by changes in demographic factors and innovations in the...
Persistent link: https://www.econbiz.de/10010292289
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Equilibrium mortgage choice and housing tenure decisions with refinancing
Chambers, Matthew S.; Garriga, Carlos; Schlagenhauf, Don - 2007
The last decade has brought about substantial mortgage innovation and increased refinancing. The objective of this paper is to understand the determinants and implications of mortgage choice in the context of a general equilibrium model with incomplete markets. The equilibrium characterization...
Persistent link: https://www.econbiz.de/10010292368