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V. Combating Corruption -- 10. Combating Corruption in the Oil and Gas Sector. … resource revenue dependent economies to corruption and malfeasance, and the Dutch disease, is also highlighted. This book could … (Washington, D.C., USA) and Advisor at the World Bank and OECD. He has previously served the Asian Development Bank, Canadian …
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The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...
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Climate change has profound effects not only for societies and economies, but also for central banks’ ability to deliver price stability in the future. This paper starts by documenting why climate change matters for monetary policy: it impacts the economic variables relevant to setting the...
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Given the industrialized world’s historical dependence on fossil fuel-based energy resources and perils of moving …
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The paper compares the effects of market-based and command-and-control climate policies on the direction of technical change and the prevention of environmental disasters. Drawing on the model proposed in Acemoglu et al. (2012, American Economic Review), we show that market-based policies...
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