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Sources of Comparative Advantage in Polluting Industries

Broner, Fernando A; Bustos, Paula; Carvalho, Vasco M - C.E.P.R. Discussion Papers - 2012

We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...

Persistent link: https://www.econbiz.de/10011083788

Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy

Bosello, Francesco; Carraro, Carlo; De Cian, Enrica - C.E.P.R. Discussion Papers - 2012

The latest round of international negotiations in Copenhagen led to a set of commitments on emission reduction which are unlikely to stabilise global warming below or around 2°C. As a consequence, in the absence of additional ambitious policy measures, adaptation will be needed to address...

Persistent link: https://www.econbiz.de/10011083452

What Central Bankers Need to Know about Forecasting Oil Prices

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2012

Recent research has shown that recursive real-time VAR forecasts of the real price of oil tend to be more accurate than … benefits of allowing for time variation in VAR model parameters and of constructing forecast combinations. We conclude that … quarterly forecasts of the real price of oil from suitably designed VAR models estimated on monthly data generate the most …

Persistent link: https://www.econbiz.de/10011083683

Real-Time Analysis of Oil Price Risks Using Forecast Scenarios

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2011

Recently, there has been increased interest in real-time forecasts of the real price of crude oil. Standard oil price forecasts based on reduced-form regressions or based on oil futures prices do not allow consumers of forecasts to explore how much the forecast would change relative to the...

Persistent link: https://www.econbiz.de/10009385759

Trade, Technique and Composition Effects: What is Behind the Fall in World-wide SO2 Emissions, 1990-2000?

de Melo, Jaime; Grether, Jean-Marie; Mathys, Nicole Andréa - C.E.P.R. Discussion Papers - 2007

Combining unique data bases on emissions with sectoral output and employment data, we study the sources of the fall in world-wide SO2 emissions and estimate the impact of trade on emissions. Contrarily to concerns raised by environmentalists, an emission-decomposition exercise shows that scale...

Persistent link: https://www.econbiz.de/10005504371

Does Supporting Passenger Railways Reduce Road Traffic Externalities?

Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013

increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by … procurement mode following a railway reform in Germany to address endogeneity of service growth. Increases in service frequency … mortality. Placebo regressions with sulfur dioxide and ozone yield no effect. Service frequency growth between 1994 and 2004 …

Persistent link: https://www.econbiz.de/10011083939

Vog: Using Volcanic Eruptions to Estimate the Health Costs of Particulates and SO2

De Paula, Áureo; Halliday, Timothy J.; Lynham, John - C.E.P.R. Discussion Papers - 2015

Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 that the volcano emits eventually forms particulate matter, another major pollutant. We use this exogenous source of pollution variation to estimate the impact of particulate...

Persistent link: https://www.econbiz.de/10011252621

Retail Energy Prices and Consumer Expenditures

Edelstein, Paul; Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

In the absence of a major disruption in spending by consumers and firms, the effects of energy price shocks on the economy will be small. In this paper, we quantify the direct effect on real consumption of (1) unanticipated changes in discretionary income, (2) shifts in precautionary savings,...

Persistent link: https://www.econbiz.de/10005504244

The Economic Effects of Energy Price Shocks

Kilian, Lutz - C.E.P.R. Discussion Papers - 2007

Large fluctuations in energy prices have been a distinguishing characteristic of the U.S. economy since the 1970s. Turmoil in the Middle East, rising energy prices in the U.S. and evidence of global warming recently have reignited interest in the link between energy prices and economic...

Persistent link: https://www.econbiz.de/10005504581

Understanding the Decline in the Price of Oil since June 2014

Baumeister, Christiane; Kilian, Lutz - C.E.P.R. Discussion Papers - 2015

Some observers have conjectured that the decline in the price of oil after June 2014 resulted from positive oil supply shocks in the second half of 2014. Others have suggested that a major shock to oil price expectations occurred when in late November 2014 OPEC announced that it would maintain...

Persistent link: https://www.econbiz.de/10011165651