Showing 1 - 10 of 272
Persistent link: https://www.econbiz.de/10013459212
Persistent link: https://www.econbiz.de/10013348217
Persistent link: https://www.econbiz.de/10014252373
We examine a propagation mechanism that arises from households' long-term borrowing and show empirically that it has sizable real effects. The mechanism recognises that when there is long-term debt, an impulse to new borrowing generates a predictable hump-shaped path of future debt service. We...
Persistent link: https://www.econbiz.de/10014248726
Persistent link: https://www.econbiz.de/10013470590
Persistent link: https://www.econbiz.de/10012492630
This report analyses the influence of the design features of China’s pilot emissions trading systems (ETS) in the … government regulation of China’s electricity sector, including the electricity markets in Hubei and Shenzhen, carbon pricing has … China’s ETS in internalizing the carbon cost in the future will depend on the political acceptability of electricity price …
Persistent link: https://www.econbiz.de/10013187539
Persistent link: https://www.econbiz.de/10014258825
Persistent link: https://www.econbiz.de/10013550156
This paper studies price stability and debt sustainability when the real rate exceeds trend growth (r g) in a New Keynesian model with endogenous technology growth through R&D. Under debt-stabilizing ("passive") fiscal policy the Taylor principle is not sufficient for determinacy. Instead,...
Persistent link: https://www.econbiz.de/10014457581