Results 171 to 180 of about 74,238 (290)

The Role of Bank Restructuring in Recovering from Crises: Mexico 1995-98 [PDF]

In this paper we analyze the evolution of the Mexican economy between 1995 and 1998. The remarkable quick recovery seen in aggregate activity has not been uniform across the economy.
Aaron Tornell, Anne Krueger
core  

Stranded assets in European agriculture during food system transformations. [PDF]

Nat Food
Kortleve AJ, Mogollón JM, Harwatt H, Bruckner M, Liu B, Behrens P.   +5 more
europepmc   +1 more source

Endogenous Distress Contagion in a Dynamic Interbank Model: How Possible Future Losses May Spell Doom Today

Mathematical Finance, EarlyView.
ABSTRACT We introduce a dynamic and stochastic interbank model with an endogenous notion of distress contagion, arising from rational worries about future defaults and ensuing losses. This entails a mark‐to‐market valuation adjustment for interbank claims, leading to a forward‐backward approach to the equilibrium dynamics whereby future default ...
Zachary Feinstein, Andreas Søjmark
wiley   +1 more source

Tradable pollution permits in dynamic general equilibrium: can optimality and acceptability be reconciled? [PDF]

In this paper we study the optimal growth path and its decentralization in a two-sector overlapping- generations model with pollution. One sector (power generation) is polluting and the other (final good) is not.
BRECHET, Thierry, JOUVET, Pierre - André, ROTILLON, Gilles   +2 more
core  

A Long‐Run Perspective on Unconditional Convergence in Manufacturing: Evidence From U.S. Industrialisation

Oxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT This paper examines long‐run unconditional convergence of labour productivity in manufacturing across 48 contiguous U.S. states. We construct a detailed panel data set of state‐industry pairs with over 120 industries covering the period 1880–2007.
Alexander Klein, Miguel León‐Ledesma, Nicholas Crafts   +2 more
wiley   +1 more source

Policy Instruments for Climate Change: How Can National Governments Address a Global Problem? [PDF]

There continues to be great debate about the desirability of taking actions to limit carbon dioxide (CO2) and other greenhouse gas emissions, but it is important to consider policy instruments that can be employed to meet targets that may eventually be ...
Stavins, Robert
core  

Beyond carbon sequestration: The critical oversight of emission avoidance in restoration of wetland ecosystems. [PDF]

Environ Sci Ecotechnol
Wu S, Artz RRE, Barthelmes A, Cui S, Adetsu DV, Eory V, Reed MS, Humpenöder F, Heuts TS, Fritz C, Klimkowska A, Lohila A.   +11 more
europepmc   +1 more source

Other People's Money: Political Embeddedness on Pension Boards, Alternative Assets and Investment Fees

Public Budgeting &Finance, EarlyView.
Abstract State‐administered pension plans report paying roughly $20 billion each year in fees to external asset managers, much of it for high‐cost, high‐risk “alternative” assets such as private equity and hedge funds. These outcomes involve trillions in pension investments that affect the retirement security of millions of public sector workers and ...
Jeffrey C. Diebold, Cody R. Taylor
wiley   +1 more source

Reforming water allocation policy through markets in tradable water rights: lessons from Chile, Mexico, and California [PDF]

Increasing water scarcity, rising costs of irrigation subsidies, and general economic liberalization are creating strong incentives for comprehensive water reform with establishment of tradable water rights and the development of markets in these rights.
Gazmuri S., Renato, Rosegrant, Mark W.
core  

Corporate carbon emissions and market value. [PDF]

Sci Rep
Zhang J.
europepmc   +1 more source