This paper introduces endogenous income tax rates as in Schmitt-Grohe and Uribe (1997), into the overlapping generations model with endogenous labor and consumption in both periods of life (e.g., Cazzavillan and Pintus, 2004). It shows that local indeterminacy can occur with small distortionary...

This paper introduces fiscal increasing returns, through endogenous labor income tax rates as in Schmitt-Grohe and Uribe (1997), into the overlapping generations model with endogenous labor, consumption in both periods of life and homothetic preferences (e.g., Lloyd-Braga, Nourry and Venditti,...

This study examines the impact of ESG-related news on Chinese stock markets. We find that ESG news significantly influences stock markets, indicating that investors consider ESG news as a crucial source of information for investment decisions. The effects of ESG news with varying attributes,...

Subject to the dual constraints of energy and climate, wind energy has become a major development trend in the world as a renewable energy next only to hydropower. In this paper, the effects of wind energy industry policy are evaluated based on fixed-effect model, and the regional heterogeneity...