We scrutinize the monetary transmission mechanism in New-Keynesian models, focusing on the role of capital, the key …

interactions associated with the movement of capital and polluting activities from one economy to another. We use a simple … dynamical model describing capital accumulation along the lines of a fixed-savings-ratio Solow-type model capable of producing … or regions. The basic mechanism underlying the movements of capital across space is the quest for locations where the …

cross-country production sharing. In this paper we empirically assess the impact of FDI, as well as capital dynamics and … high-tech manufacturing sectors. A particularly robust influence of FDI and capital accumulation on GVC integration is … identified in the textile and clothing industry. While capital accumulation in general intensifies GVC linkages for most sectors …

This paper argues for introducing the role of capital malleability into the analysis of environmental policies. The … outcomes reveal differences between results under separate assumptions regarding the malleability of capital. When capital is … imperfectly malleable a carbon policy is less effective than under the assumption of perfect malleability of capital. Therefore …