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interventions; otherwise, system costs could rise despite increasing flexibility. We analyze the effectiveness of different policy …
Persistent link: https://www.econbiz.de/10011919018
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetries may have contributed to unemployment and welfare changes in the recent past … (1950-2010). We show that a policy reform in one country also has an impact on labor markets in other countries when capital …
Persistent link: https://www.econbiz.de/10010282316
Persistent link: https://www.econbiz.de/10013037264
Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable renewable energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-source electricity sector model. Making customary night-time storage heaters...
Persistent link: https://www.econbiz.de/10011996270
This paper examines pollution tax differentiation across industries in light of social equity concerns using theoretical and numerical general equilibrium analyses in an optimal tax framework. We characterize the drivers for non-uniform optimal taxes emanating from the interaction of household...
Persistent link: https://www.econbiz.de/10011753326
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
This study examines the economic impact on Austria of three possible new EU free trade agreements: (1) an EU-US agreement; (2) an EU-Canada agreement; and (3) an EUArmenia/Georgia/Moldova agreement. This is done with a computational model of the global economy. The trade agreements are modeled...
Persistent link: https://www.econbiz.de/10011392362
Using a global general equilibrium trade model, this paper assesses the long-term implications of global rebalancing for Asian economies and explores the benefits of the People's Republic of China-Japan-United States integration. The analysis suggests that consumption evaporation, a growth...
Persistent link: https://www.econbiz.de/10003901427
This paper studies the term structure implications of a simple structural economy in which the representative agent displays ambiguity aversion, modeled by Multiple Priors Recursive Utility. Bond excess returns reflect a premium for ambiguity, which is observationally distinct from the risk...
Persistent link: https://www.econbiz.de/10003961717
We simulate the effects of a hypothetical H1N1 epidemic in the U.S. using a quarterly CGE model. Quarterly periodicity allows us to capture the short-run nature of an epidemic. We find potentially severe economic effects in the peak quarter. Averaged over the epidemic year the effects are...
Persistent link: https://www.econbiz.de/10009411628