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The Environmental Impacts of Protected Area Policy

Reynaert, Mathias; Rodrigues, Eduardo Augusto de Souza; … - National Bureau of Economic Research - 2023

econometric advancements, shifting focus to direct measures of biodiversity, filling the knowledge gap on the effect of protected …

Persistent link: https://www.econbiz.de/10014437004

Biodiversity Risk

Giglio, Stefano; Kuchler, Theresa; Stroebel, Johannes; … - National Bureau of Economic Research - 2023

We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset … values. We first develop a news-based measure of aggregate biodiversity risk and analyze how it varies over time. We also … construct and publicly release several firm-level measures of exposure to biodiversity risk, based on textual analyses of firms …

Persistent link: https://www.econbiz.de/10014250155

Country studies

Blanchard, Olivier (contributor) - 1994

Persistent link: https://www.econbiz.de/10000122609

Seeking a premier league economy : the economic effects of British economic reforms, 1980 - 2000 ; [the papers were presented at a preliminary conference and a final conference at...

Card, David E. (ed.); Blundell, Richard W. (contributor); … - 2004

Persistent link: https://www.econbiz.de/10001795502

An Import(ant) Price of Brexit Uncertainty

Graziano, Alejandro G.; Handley, Kyle; Limão, Nuno - National Bureau of Economic Research - 2023

We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of Britain's exit from the European Union (Brexit). Our analysis reveals that an increase in the probability of Brexit increases U.K. import price indices by raising the prices of...

Persistent link: https://www.econbiz.de/10014337833

Living Up to Expectations : Central Bank Credibility, the Effectiveness of Forward Guidance, and Inflation Dynamics Post-Global Financial Crisis

Cole, Stephen J.; Martínez-García, Enrique; Sims, Eric R. - National Bureau of Economic Research - 2023

This paper studies the effectiveness of forward guidance when central banks have imperfect credibility. Exploiting unique survey-based measures of expected inflation, output growth, and interest rates, we estimate a small-scale New Keynesian model for the United States and other G7 countries...

Persistent link: https://www.econbiz.de/10014421202

Regional Nonadjustment and Fiscal Policy : Lessons for EMU

Obstfeld, Maurice - 1999

How will countries handle idiosyncratic national macroeconomic shocks under the European single currency? The ways in which European countries now react to internally asymmetric shocks provide a better forecast than do the regional response pattern of the United States. In this paper we compare...

Persistent link: https://www.econbiz.de/10012471641

Intertemporal Choice and the Cross-Sectional Variance of Marginal Utility

Attanasio, Orazio P. - 1998

The theory of intertemporal choice predicts that the cross-sectional variance of the marginal utility of consumption is equal to its own lag plus a constant and a random component. Using general preference specifications and some assumptions about the nature of the random component, we provide...

Persistent link: https://www.econbiz.de/10012472248

Implied Exchange Rate Distributions : Evidence from OTC Option Markets

Campa, Jose M. - 1997

This paper uses a rich new data set of option prices on the dollar-mark, dollar-yen, and key EMS cross-rates to extract the entire risk-neutral probability density function (pdf) over horizons of one and three months. We compare three alternative smoothing methods---cubic splines, an implied...

Persistent link: https://www.econbiz.de/10012472635

Were Trade and Factor Mobility Substitutes in History?

Collins, William J. - 1997

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10012472755

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