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Italian electricity consumers have been free to choose their supplier since 2007, but about 66 percent are still supplied under the so-called maggior tutela, a regulated regime. Italy’s Annual Competition Law states that regulated prices will be phased out by July 1st, 2019. This paper...
Persistent link: https://www.econbiz.de/10015257683
We quantify the effects of the Swedish GCR, a program to reduce oil dependence and greenhouse gas emissions in the automobile industry. We find the GCR to increase the market shares of `green cars' and its cost to be $109/tonCO2 saved, thus 5 times the price of an emission permit. Since the main...
Persistent link: https://www.econbiz.de/10015238245
This study investigates the effectiveness of fiscal policy in macroeconomic stabilization during the COVID-19 health crisis through a Dynamic Stochastic General Equilibrium (DSGE) model, incorporating financial frictions and using Romanian empirical data from 2007-2020. We analyse the impact of...
Persistent link: https://www.econbiz.de/10015213660
We study the COVID-19 pandemic’s effects on the labor supply of parents with young children. Using the monthly Current Population Survey, and following a pre-analysis plan, we use three variations of difference-in-differences to compare workers with childcare needs to those without. The first...
Persistent link: https://www.econbiz.de/10015213988
Revolutions do not consolidate until they blend with the establishment to create a new world. Keynes understood it, and that is why he titled his masterwork The General Theory. But he was unsuccessful in the blending. In 2020-21, it is argued in here, we all follow Keynes, but with insufficient...
Persistent link: https://www.econbiz.de/10015214326
This paper discusses the establishment of the minimum wage determination process in the early twentieth century Australia, following the institutionalisation of compulsory industrial arbitration between capital and labour. This process led to the 1907 Harvester judgment whereby the Common-...
Persistent link: https://www.econbiz.de/10015215086
This work aims at studying the macroeconomic impact of COVID-19 on the activity economic in DR Congo. To do this, a dynamic and stochastic general equilibrium model in the open economy is used and the model parameters are estimated using the Bayesian approach. The estimated data cover the period...
Persistent link: https://www.econbiz.de/10015217249
In response to the COVID-19 pandemic, many countries, including the U.S., set a mandatory stay-at-home order in attempts to avert the spread. Although the primary goal of such a policy is to protect societies and save lives, it might result in other potential physical and psychological health...
Persistent link: https://www.econbiz.de/10015219462
I develop a novel macroeconomic epidemiological agent-based model to study the impact of the COVID-19 pandemic under varying policy scenarios. Agents differ with regard to their profession, family status and age and interact with other agents at home, work or during leisure activities. The model...
Persistent link: https://www.econbiz.de/10015222737
I develop a novel macroeconomic epidemiological agent-based model to study the impact of the COVID-19 pandemic under varying policy scenarios. Agents differ with regard to their profession, family status and age and interact with other agents at home, work or during leisure activities. The model...
Persistent link: https://www.econbiz.de/10015223929