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It is commonly believed that the response of the price of corn ethanol (and hence of the price of corn) to shifts in biofuel policies operates in part through market expectations and shifts in storage demand, yet to date it has proved difficult to measure these expectations and to empirically...
Persistent link: https://www.econbiz.de/10011587532
Many countries have adopted energy policies that promote biofuels as a substitute for gasoline in transportation. For instance, 40% of U.S. grain is now used for energy and this share is expected to rise significantly under the current Renewable Fuels Mandate. This paper examines the...
Persistent link: https://www.econbiz.de/10009582025
welfare recipients in the United States, the United Kingdom, Denmark, the Netherlands and Germany. It primarily refers to …
Persistent link: https://www.econbiz.de/10011402571
dropped on average by -55% in the US and -45% in Germany from the onset of the crisis to the summer of 2021. In the US …, schools were closed longer in richer than in poorer areas, while in Germany the regional variation is much smaller. However …, Germany exhibited substantial variation by grade level, with a strong U-shaped patterns that implies that children attending …
Persistent link: https://www.econbiz.de/10013177101
regressions show that under divided government a US state is around 25% more likely to adopt a welfare reform than under unified …
Persistent link: https://www.econbiz.de/10010229882
We present results for two contingent valuation surveys conducted in Hamilton, Canada and the US to elicit WTP for mortality risk reductions. We find similar Value of Statistical Life estimates across the two studies, ranging from USD 930,000 to USD 4.8 million (2000 US dollars). WTP increases...
Persistent link: https://www.econbiz.de/10011409036
. Conclusions for welfare reform in Germany are drawn. …Social assistance in Germany reduces the incentive to work. TheU. S. Welfare to Work Programme tries to avoid such …
Persistent link: https://www.econbiz.de/10011399661
This paper reviews the U.S. welfare reform efforts over the 1990s and the effects of these reforms to date. Seven … paper ends with some speculations about why European policy-makers are becoming more interested in U.S. welfare reform …
Persistent link: https://www.econbiz.de/10011410428
A persistent criticism of general equilibrium models of monetary policy which incorporate nominal inertia in the form of the New Keynesian Phillips Curve (NKPC) is that they fail to capture the extent of inflation inertia in the data. In this paper we derive a general equilibrium model based on...
Persistent link: https://www.econbiz.de/10011409738
How effective are "smart" sanctions in imposing costs on an adversary? We consider this question in a model where a targeted regime may choose to "shield" strategically important firms from harm. Using detailed firm and individual data, we estimate the impact on firm performance from smart...
Persistent link: https://www.econbiz.de/10012001872