Showing 1 - 10 of 828
Persistent link: https://www.econbiz.de/10010195981
In this paper we test empirically with the Nordhaus and Yang (1996) RICE model the core property of the transfer scheme adv ocated by Germain, Toint and Tulkens (1997). This scheme is designed to sustain full cooperation in a voluntary international environmental agreement by making all...
Persistent link: https://www.econbiz.de/10009781723
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...
Persistent link: https://www.econbiz.de/10012672320
Persistent link: https://www.econbiz.de/10012642905
Persistent link: https://www.econbiz.de/10012643029
This paper analyses the implications of climate change for the conduct of monetary policy in the euro area. It first investigates macroeconomic and financial risks stemming from climate change and from policies aimed at climate mitigation and adaptation, as well as the regulatory and fiscal...
Persistent link: https://www.econbiz.de/10012650745
Persistent link: https://www.econbiz.de/10012660376
Persistent link: https://www.econbiz.de/10012295573
Persistent link: https://www.econbiz.de/10011952542
Persistent link: https://www.econbiz.de/10013411482