Ergebnisse für *

Zeige Ergebnisse 1 bis 5 von 5.

  1. Optimal transfer policies
    Autor*in: Stähler, Frank
    Erschienen: 2011
    Verlag:  ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel

  2. Optimal transfer policies
  3. No country is an island
    international cooperation and climate change
    Erschienen: [2021]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534
    keine Fernleihe

     

    In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide emissions. We estimate the model using US and euro area data and we characterize welfare-enhancing equilibria under alternative containment policies. Three main policy implications emerge: i) fiscal policy should focus on reducing emissions by levying taxes on polluting production activities; ii) monetary policy should look through environmental objectives while standing ready to support the economy when the costs of the environmental transition materialize; iii) international cooperation is crucial to obtain a Pareto improvement under the proposed policies. We finally find that the objective of reducing emissions by 50%, which is compatible with the Paris agreement's goal of limiting global warming to below 2 degrees Celsius with respect to pre-industrial levels, would not be attainable in absence of international cooperation even with the support of monetary policy.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289947541
    Weitere Identifier:
    hdl: 10419/237707
    Schriftenreihe: Working paper series / European Central Bank ; no 2568 (June 2021)
    Schlagworte: DSGE model; open-economy macroeconomics; optimal policies; climate modelling
    Umfang: 1 Online-Ressource (circa 76 Seiten), Illustrationen
  4. Humans against virus or humans against humans: a game theory approach to the COVID-19 pandemic
    Erschienen: [2021]
    Verlag:  Banco de la Republica Colombia, Bogotá, Colombia

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 468
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Borradores de economía ; no. 1160 (2021)
    Schlagworte: Coronavirus; Unvollkommene Information; SIR-Modell; Spieltheorie; Wohlfahrtsanalyse; Infektionsschutz; USA; COVID-19; epidemic; game theory; information assymetries; macroeconomics; testing; containment policies; disclosure; divulgation; optimal policies
    Umfang: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  5. DSGE Nash
    solving Nash games in macro models
    Erschienen: [2022]
    Verlag:  European Central Bank, Frankfurt am Main, Germany

    This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including... mehr

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 534
    keine Fernleihe

     

    This paper presents DSGE Nash, a toolkit to solve for pure strategy Nash equilibria of global games in macro models. Although primarily designed to solve for Nash equilibria in DSGE models, the toolkit encompasses a broad range of options including solutions up to the third order, multiple players/strategies, the use of user-defined objective functions and the possibility of matching empirical moments and IRFs. When only one player is selected, the problem is re-framed as a standard optimal policy problem. We apply the algorithm to an open-economy model where a commodity importing country and a monopolistic commodity producer compete on the commodities market with limits to entrance. If the commodity price becomes relevant in production, the central bank in the commodity importing economy deviates from the first best policy to act strategically. In particular, the monetary authority tolerates relatively higher commodity price volatility to ease barriers to entry in commodity production and to limit the market power of the dominant exporter.

     

    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Ebook
    Format: Online
    ISBN: 9789289952620
    Weitere Identifier:
    hdl: 10419/264503
    Schriftenreihe: Working paper series / European Central Bank ; no 2678 (July 2022)
    Schlagworte: DSGE model; optimal policies; computational economics
    Umfang: 1 Online-Ressource (circa 52 Seiten), Illustrationen