Showing 1 - 10 of 2,509
This paper presents a novel way to disentangle inequality aversion over time from inequality aversion between regions in the computation of the Social Cost of Carbon. Our approach nests a standard efficiency based Social Cost of Carbon estimate and an equity weighted Social Cost of Carbon...
Persistent link: https://www.econbiz.de/10012985451
and subsidiaries of the world's biggest manufacturing, energy, and utility companies. Our results suggest that financial …
Persistent link: https://www.econbiz.de/10012946920
This paper studies the effectiveness of building height limits as a policy to limit greenhouse gas (GHG) emissions. It shows that building height limits lead to urban sprawl and higher emissions from commuting. On the other hand, aggregate housing consumption may decrease which reduces emissions...
Persistent link: https://www.econbiz.de/10013315605
The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages,...
Persistent link: https://www.econbiz.de/10012996198
The focus of the green paradox literature has been either on demand-side climate policies or on effects of technological changes. The present paper addresses the question of whether there also might be some kind of green paradox related to supply-side policies, i.e. policies that per-manently...
Persistent link: https://www.econbiz.de/10013086981
probabilities with a simple GDP forecasting model yields an accurate nowcast for the steepest decline in GDP in 2009Q1 and a correct …
Persistent link: https://www.econbiz.de/10012955198
This paper conducts a broad-based comparison of iterated and direct multi-step forecasting approaches applied to both … factor-augmented vector autoregression approach, improves forecasting performance for many variables, particularly at short …
Persistent link: https://www.econbiz.de/10012756285
Estimates of the marginal damage costs of carbon dioxide emissions require the aggregation of monetised impacts of climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates assume a social welfare function and hence a particular...
Persistent link: https://www.econbiz.de/10013316482
restore competitiveness, avoid carbon leakage, and reduce world carbon emissions. We analyze the effects of carbon tariffs on … massively shifted from these countries to industrialized countries and world carbon emissions decrease by 0.83 percent, with a … percent of the change on average, two thirds of the world reduction are due to the world scale effect …
Persistent link: https://www.econbiz.de/10013034209
For forecasting and economic analysis many variables are used in logarithms (logs). In time series analysis this … beneficial for forecasting. Forecasts based on the original series are compared to forecasts based on logs. It is found that it … substantial forecasting improvements from taking logs are found if the log transformation actually stabilizes the variance of the …
Persistent link: https://www.econbiz.de/10012764276