Home
355 items | 1 visits
-
Why a cap-and-trade system can be bad for your health | vox - Research-based policy analysis and commentary from leading economists
-
It is well known that carbon leakage undermines the effectiveness of any national cap- and-trade system in reducing global emissions. But it is not widely realised that, under certain conditions, carbon leakage could paradoxically cause the imposition of a cap-and trade–system like the Emission Trading Scheme to increase global emissions and thus reduce (global) welfare.
-
- “Production” describes the displacement, at least partially, of domestic production to the rest of the world.
- “Leakage” refers to the amount of emissions avoided when domestic production falls relative to the increase of emissions in the rest of the world where production goes up.
-
-
The price of oil and the macroeconomy | vox - Research-based policy analysis and commentary from leading economists
-
Our estimates highlight two changes in the structure of the economy of major importance: vanishing real wage rigidity and improved credibility of monetary policy
-
-
Hoarding international reserves: Lessons from the crisis | vox - Research-based policy analysis and commentary from leading economists
-
The spectacular increase in hoarding of international reserves (IR) by emerging markets, in the aftermath of the East Asian crisis, has been one of the defining features of global imbalances
-
find that the crisis validates the need for external debt management policy, and I apply a cost benefit analysis to identify a superior tax-cum-subsidy policy that would reduce the cost and the scale of hoarding international reserves
- 2 more annotations...
-
-
Choosing an invoicing currency | vox - Research-based policy analysis and commentary from leading economists
-
One role for an international currency is its role in trade invoicing
-
plays a central role in how shocks are transmitted across countries and how one designs optimal monetary policy
- 1 more annotations...
-
-
The protectionist temptation: Lessons from the Great Depression for today | vox - Research-based policy analysis and commentary from leading economists
lessons from great depression
-
If some do and some don’t, the trade policy consequences could once again be most unfortunate.
-
says the lesson is that countries should coordinate their fiscal and monetary measures
- 2 more annotations...
-
List Comments
(0)
List Info
Sponsored Links
Ads by Google