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Economic Policy Uncertainty : Persistence and Cross-Country Linkages

Aikins Abakah, Emmanuel Joel - 2020

This paper provides new evidence on the stochastic behaviour of the EPU (Economic Policy Uncertainty (EPU) index constructed by Baker et al. (2016) in six of the biggest economies (Canada, France, Japan, US, Ireland, and Sweden) over the period from January 1985 to October 2019. In particular,...

Persistent link: https://www.econbiz.de/10012833734

Fiscal Sustainability in the EU after the Global Crisis : Is There Any Progress?

Wysocki, Maciej - 2018

In response to the global crisis a number of new institutional measures have been introduced in the fiscal framework, both on the UE and on the member states’ level, and the question is: have these measures provided better fiscal sustainability outcomes? We approach this question by looking at...

Persistent link: https://www.econbiz.de/10012908672

Natural resources: Curse or blessing?

van der Ploeg, Frederick - 2010

Are natural resources a 'curse' or a 'blessing'? The empirical evidence suggests either outcome is possible. The paper surveys a variety of hypotheses and supporting evidence for why some countries benefit and others lose from the presence of natural resources. These include that a resource...

Persistent link: https://www.econbiz.de/10010270490

China and the World Bank : How Contrasting Development Approaches Affect the Stability of African States

Gehring, Kai; Kaplan, Lennart; Wong, Melvin H.L - 2019

China’s development model challenges the approaches of traditional, Western donors like the World Bank. We argue that … analyze a broad range of subnational stability measures in Africa. Aid by both the World Bank and China does not increase …, while World Bank projects strengthen democratic values …

Persistent link: https://www.econbiz.de/10014033178

China and the World Bank - How Contrasting Development Approaches Affect the Stability of African States

Gehring, Kai - 2019

China's development model challenges the approaches of traditional Western donors like the World Bank. We argue that …

Persistent link: https://www.econbiz.de/10012861418

Characterizing Sustainability in Discrete Time

Asheim, Geir B. - 2018

We examine the investment rule that must be satisfied by an efficient and egalitarian path in a discrete-time version of the Dasgupta-Heal-Solow model of capital accumulation and resource depletion. In the discrete-time model, competitive valuation of net investments in terms of early and late...

Persistent link: https://www.econbiz.de/10012908689

When the state mirrors the family: The design of pension systems

Galasso, Vincenzo; Profeta, Paola - 2010

This paper studies the transmission mechanism from family culture to economic institutions, by analyzing the impact of …

Persistent link: https://www.econbiz.de/10010274843

Climate policy under sustainable discounted utilitarianism

Dietz, Simon; Asheim, Geir B. - 2011

Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of...

Persistent link: https://www.econbiz.de/10010277391

Do Market Failures Create a 'Durability Gap' in the Circular Economy?

Fullerton, Don; He, Shan - 2021

Circular Economy literature recommends longer lasting products, in order to reduce pollution from extraction, production, and disposal. Our economic analysis finds conditions where consumers choose lives that are too short – a “durability gap”. Then policies targeting durability raise...

Persistent link: https://www.econbiz.de/10013219077

Green Governments

Potrafke, Niklas; Wuthrich, Kaspar - 2021

We examine how Green governments influence macroeconomic, education, and environmental outcomes. We exploit that the Fukushima nuclear disaster in Japan gave rise to an unanticipated change in government in the German state Baden-Wuerttemberg in 2011. Using the synthetic control method, we find...

Persistent link: https://www.econbiz.de/10013227483