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Abandoning Fossil Fuel: How Fast And How Much?

Rezai, Armon; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2014

Climate change must deal with two market failures, global warming and learning by doing in renewable use. The social optimum requires an aggressive renewables subsidy in the near term and a gradually rising carbon tax which falls in long run. As a result, more renewables are used relative to...

Persistent link: https://www.econbiz.de/10011084685

Energy and Climate Change in China

Carraro, Carlo; Massetti, Emanuele - C.E.P.R. Discussion Papers - 2012

This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...

Persistent link: https://www.econbiz.de/10011084331

Modelling and Forecasting UK Mortgage Arrears and Possessions

Aron, Janine; Muellbauer, John - C.E.P.R. Discussion Papers - 2010

This paper presents new models for aggregate UK data on mortgage possessions (foreclosures) and mortgage arrears (payment delinquencies). The innovations include the treatment of difficult to observe variations in loan quality and shifts in forbearance policy by lenders, by common latent...

Persistent link: https://www.econbiz.de/10008611018

Intergenerational inequality aversion, growth and the role of damages: Occam’s rule for the global carbon tax

Rezai, Armon; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2014

We use the Euler equation to put forward a back-on-the-envelope rule for the global carbon tax based on a two-box carbon cycle with temperature lag, and a constant elasticity of marginal damages with respect to GDP. This tax falls with time impatience and intergenerational inequality aversion...

Persistent link: https://www.econbiz.de/10011096102

What is the Top Priority on Climate Change?

Klemperer, Paul - C.E.P.R. Discussion Papers - 2009

What should be the West's top priority for climate-change policy? This article is a revised and updated version of my talk to the Potsdam Global Sustainability Symposium (which drafted the Potsdam Declaration presented to the 2007 UN Climate Change Conference in Bali).

Persistent link: https://www.econbiz.de/10005123837

Are Compact Cities Environmentally Friendly?

Gaigné, Carl; Riou, Stéphane; Thisse, Jacques-François - C.E.P.R. Discussion Papers - 2011

There is a large consensus among international institutions and national governments to favor urban-containment policies - the compact city - as a way to improve the ecological performance of the urban system. This approach overlooks a fundamental fact: what matters for the ecological outcome of...

Persistent link: https://www.econbiz.de/10008867493

Macroeconomics after the crisis – hedgehog or fox?

Miller, Marcus; Zhang, Lei - C.E.P.R. Discussion Papers - 2014

in the context of a simple model of insurance, where there is no Arrow Debreu equilibrium to allocate risk efficiently …

Persistent link: https://www.econbiz.de/10011083632

Credit Risk Transfer and Financial Sector Performance

Marsh, Ian W; Wagner, Wolf - C.E.P.R. Discussion Papers - 2004

regulatory standards that reflect differences in the social cost of instability in the banking and insurance sector; and …

Persistent link: https://www.econbiz.de/10005662362

Regulating Financial Conglomerates

Freixas, Xavier; Lóránth, Gyöngyi; Morrison, Alan - C.E.P.R. Discussion Papers - 2005

. However, when risk profiles are endogenously selected conglomeration may extend the reach of the deposit insurance safety net …

Persistent link: https://www.econbiz.de/10005114192

Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe

Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015

pension: the Personal Pension with Risk sharing (PPR). By unbundling and valuing the investment, (dis)saving, insurance and … heterogeneous individuals. Moreover, unlike variable annuities, PPRs allow investment risks to be combined with longevity insurance …. The unbundling of functions in the PPR also deepens the internal markets for financial and insurance products while at the …

Persistent link: https://www.econbiz.de/10011252616