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Alesina, Alberto - 2001

We construct a set of indicators to measure the policy-making role of the European Union (European Council, Parliament, Commission, Court of Justice, etc.), in a selected number of policy domains. Our goal is to examine the division of prerogatives between European institutions and national...

Persistent link: https://www.econbiz.de/10012470068

Fiscal Federalism in Europe : Lessons From the United States Experience

Inman, Robert P. - 1991

competition) against the inefficiencies of fiscal policy centralization (policy cycles and localized 'pork barrel' spending and …

Persistent link: https://www.econbiz.de/10012475043

Fiscal Federalism and Optimum Currency Areas : Evidence for Europe From the United States

Sala-i-Martin, Xavier - 1991

The main goal of this paper is to estimate to what extent the federal government of the United States insures member states against regional income shocks. We find that a one dollar reduction in a region's per capita personal income triggers a decrease in federal taxes of about 34 cents and an...

Persistent link: https://www.econbiz.de/10012475134

Centralization, Fiscal Federalism and Private School Attendance

Nechyba, Thomas J. - 2001

attendance. In particular, the common perception that centralization of public school finance will necessarily lead to greater … centralization involves an extreme equalization of the kind observed in California. Furthermore, if centralization occurs through … schools in centralizing states imply that general public school quality does not drop as a result of such centralization …

Persistent link: https://www.econbiz.de/10012470365

Decentralized Mining in Centralized Pools

Cong, Lin William - 2019

The rise of centralized mining pools for risk sharing does not necessarily undermine the decentralization required for permissionless blockchains: Each individual miner's cross-pool diversification and endogenous fees charged by pools generally sustain decentralization, because larger pools...

Persistent link: https://www.econbiz.de/10012479545

Is Sugar Sweeter at the Pump? The Macroeconomic Impact of Brazil's Alternative Energy Program

Weidenmier, Marc D. - 2008

The recent world energy crisis raises serious questions about the extent to which the United States should increase domestic oil production and develop alternative sources of energy. We examine the energy developments in Brazil as an important experiment. Brazil has reduced its share of imported...

Persistent link: https://www.econbiz.de/10012464277

Renewable Energy Policies And Technological Innovation : Evidence Based On Patent Counts

Johnstone, Nick - 2008

This paper examines the effect of environmental policies on technological innovation in the specific case of renewable energy. The analysis is conducted using patent data on a panel of 25 countries over the period 1978-2003. It is found that public policy plays a significant role in determining...

Persistent link: https://www.econbiz.de/10012464887

What Determines Effectiveness of Renewable Energy Standards? General Equilibrium Analytical Model and Empirical Analysis

Fullerton, Don; Ta, Chi L. - National Bureau of Economic Research - 2022

Our new analytical general equilibrium model is used to study effects of tightening state Renewable Portfolio Standards (RPS) on electricity price, CO2 emissions, fossil fuel electricity generation, and two kinds of renewable generation. We show how those outcomes depend on key state...

Persistent link: https://www.econbiz.de/10012938752

Understanding Overlapping Policies : Internal Carbon Leakage and the Punctured Waterbed

Perino, Grischa - 2019

We present an integrated framework to understand the emissions impact of unilateral overlapping policies within a carbon-pricing system. "Internal carbon leakage" captures emissions displacement within the system (e.g., due to greater product imports from a neighbouring country). The waterbed...

Persistent link: https://www.econbiz.de/10012479595

The Cost of Climate Policy to Capital : Evidence from Renewable Portfolio Standards

Hong, Harrison G.; Kubik, Jeffrey D.; Shore, Edward P. - National Bureau of Economic Research - 2023

Many US states have set ambitious renewable portfolio standards (RPS) that require utilities to switch from fossil fuels toward renewables. RPS increases the renewables capacity, bond issuance, maturity, and yield spreads of investor-owned utilities compared to municipal producers that are...

Persistent link: https://www.econbiz.de/10014447281