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The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental … context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution … trajectories modified when uncertainty is taken into account? To reply to these questions we modify the ETC-RICE model described in …
Persistent link: https://www.econbiz.de/10014124481
mandatory minimum withdrawals will leave seniors with negligible income from their tax-deferred saving in their later years …. We need to ensure that minimum withdrawals and the ages at which saving must stop and withdrawals must start reflect …
Persistent link: https://www.econbiz.de/10014350999
Climate cooperation increasingly looks like individuals reaching out beyond traditional interactions to expand new networks, work with others to spot patterns, and take initiative to learn new complex systems; adapt these shared insights into new solutions; develop empathy, patience, and...
Persistent link: https://www.econbiz.de/10014159727
coincidental with more aggregate uncertainty. During a recession, reporting quality is increased, potentially causing a crisis …
Persistent link: https://www.econbiz.de/10013132924
The Bali Roadmap marks a milestone in the process of international consensus building, setting forth a multilateral legal framework to address climate change. Delegates at the UN Climate Change Conference in Bali (Dec. 3-15 2007) launched a two-year process with a comprehensive agenda and 2009...
Persistent link: https://www.econbiz.de/10012751577
Information frictions are often invoked to explain low levels of international trade beyond those that measured trade frictions (tariffs, transportation costs, etc.) can explain. But to explain why international trade is lower then domestic trade, home firms have to know something that...
Persistent link: https://www.econbiz.de/10013033042
for uncertainty regarding economic damages per additional warming degree and uncertainty over the temperature response … from doubling atmospheric CO2. Coupled with consumption preferences that explain better optimal mitigation policy under … uncertainty, due to the separation of aversion to intergenerational inequality and aversion to risk, this analysis elucidates the …
Persistent link: https://www.econbiz.de/10012910169
We propose a text-based method for measuring and analyzing the international propagation of uncertainty shocks at the … firm level. We apply this method to estimate the impact of Brexit-related uncertainty and find widespread reverberations on … listed firms in 81 countries. International firms most exposed to Brexit uncertainty not only significantly lost market value …
Persistent link: https://www.econbiz.de/10013238604
systematically less tolerant of uncertainty, while uncertainty-tolerance is shown by some theoretic models to be essential to the … identify these informationally opaque industries. The hypothesis is then made that countries characterized by high uncertainty … growth pattern in 34 countries and 36 manufacturing industries. It also shows that national uncertainty aversion is not …
Persistent link: https://www.econbiz.de/10013152412
contain the spread of the virus and mitigate the global economic impact; nevertheless, uncertainty skyrocketed and dominated … the world economy. In this paper, we examine the relationship between government intervention and economic uncertainty … economic uncertainty during the first nine months of the pandemic reacted more to government intervention than to the number of …
Persistent link: https://www.econbiz.de/10013231507