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  1. Constructing divisia monetary aggregates for Singapore
    Autor*in: Barnett, William A.; Nguyen, Van H.
    Erschienen: June 20, 2021
    Verlag:  University of Kansas, Department of Economics, Lawrence, Kansas

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 526
    Fernleihe:
    keine Fernleihe
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working papers series in theoretical and applied economics ; 2021, 14
    Schlagworte: Divisia index; Divisia monetary aggregates; credit cardaugmented Divisia; open-economy macroeconomics; monetary policy analysis; Singapore
    Umfang: 1 Online-Ressource (circa 22 Seiten), Illustrationen
  2. No country is an island
    international cooperation and climate change
    Autor*in: Ferrari, Massimo; Pagliari, Maria Sole
    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

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 534
    Fernleihe:
    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
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    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