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Strategic environmental policy under uncertainty

Strategic environmental policy under uncertainty
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Agenda Control under Policy Uncertainty

American Journal of Political Science, 2022
AbstractModels of agenda setting are central to the analysis of political institutions. Elaborations of the classical agenda‐setting model of Romer–Rosenthal have long been used to make predictions about policy outcomes and the distribution of influence among political actors.
Steven Callander, Nolan McCarty
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Capital Reallocation Under Climate Policy Uncertainty

SSRN Electronic Journal, 2023
In a structural dynamic model that incorporates two broad production sectors with different carbon emissions, we find that climate policy uncertainty (CPU) shocks (i) lower the market value of the highly carbon-emitting sector relative to the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting
Khalil, Makram, Strobel, Felix
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Macroprudential policy under uncertainty

Portuguese Economic Journal, 2021
In this paper, an index of domestic macroprudential policy tools is constructed and the effectiveness of these tools in controlling credit growth, managing GDP growth and steadying inflation is studied using a dynamic panel data model for the period between 2000 and 2017. The empirical analysis includes two panels namely an EU panel of 27 countries and
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Macroprudential Policy Under Uncertainty

SSRN Electronic Journal, 2016
We argue that the uncertainty over the impact of macroprudential policy need not make a policymaker more cautious. Our starting point is the classic result of Brainard (1967) which finds that uncertainty over the impact of a policy instrument will make a policymaker less active.
Saleem Bahaj, Angus Foulis
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Monetary Policy Under Uncertainty

2019
In this chapter, we take into account that real decision-making has to cope with control errors, imperfect information, and robustness issues. Intuition suggests that central banks should act less aggressively as a response to uncertainty, with policy response depending on the precision of noisy signals.
Jin Cao, Gerhard Illing
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Climate Policy under Uncertainty

2011
Die Herausforderungen des Klimawandels sind beispiellos in ihrem Ausmaß und ihrer Komplexität. Grob gesprochen sind es drei Aspekte, die den Klimawandel so problematisch machen. Der Klimawandel ist global, sowohl in seinen Ursachen als auch seiner Wirkung; seine Folgen werden über Jahrhunderte und viele Generationen zu spüren sein; und nicht zuletzt ...
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Environmental policy choice under uncertainty

Journal of Environmental Economics and Management, 1976
The Markovian model provides an insightful structure for analyzing environmental policy decisions. This framework is applied to a variety of conceptual issues. The analysis of reswitching phenomena shows that when multiple risks are involved, there is unlikely to be an unambiguous ranking of policies according to their future-mindedness. The discussion
W Kip Viscusi, Richard Zeckhauser
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Consistent Regulatory Policy under Uncertainty

The Bell Journal of Economics, 1982
This article is concerned with the effects of regulation on the risk and value of the regulated firm in a dynamic context. Current regulatory practice is shown to be logically deficient, since it ignores the effect of regulatory policy on the cost of capital and therefore on the appropriate allowed rate of return.
Michael J. Brennan, Eduardo S. Schwartz
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Strategic Trade Policy Under Uncertainty*

Review of International Economics, 1995
AbstractThis paper extends the Brander‐Spencer (1985) model by considering market uncertainty, exploring nonlinear policy, and examining firms' choices of strategic variables. By investigating the interrelationship between trade policy and market conduct, we find that unlike the often‐studied linear policy, a nonlinear policy can influence the domestic
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