Journal ArticleDOI
The EIRIN Flow-of-funds Behavioural Model of Green Fiscal Policies and Green Sovereign Bonds
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In this article, the authors developed the EIRIN flow-of-funds behavioural model to simulate the introduction of green fiscal policies and green sovereign bonds, and display their effects on firms' investments in the brown and green sector, on unemployment, on the credit and bonds market.About:
This article is published in Ecological Economics.The article was published on 2018-02-01. It has received 138 citations till now. The article focuses on the topics: Green growth & Bond market.read more
Citations
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Modelling the macroeconomics of a ‘closing the green finance gap’ scenario for an energy transition
TL;DR: In this article, the authors extend the energy-economy Green Investment Barrier Model with the insights from a systematic literature review to investigate the macroeconomic implications of a policy scenario designed to close the green finance gap in combination with and without a scenario to decarbonise the power sector.
Journal ArticleDOI
The impacts of liquidity measures and credit rating on corporate bond yield spreads: evidence from China’s green bond market
TL;DR: In this article, the nexus among the liquidity measures, credit ratings, and the yield spreads of green corporate bonds in China using panel data analysis and the generalized method of mom-and-pop.
Journal ArticleDOI
Financial impacts of climate change mitigation policies and their macroeconomic implications: a stock-flow consistent approach
TL;DR: In this paper, the authors assess the financial impact of carbon pricing on the transition towards a low-carbon economy and mitigate the effects of global warming by assessing the financial impacts of carbon prices.
BookDOI
Fiscal policy and ecological sustainability: a post-Keynesian perspective
Yannis Dafermos,Maria Nikolaidi +1 more
TL;DR: In this article, a comparative evaluation of three different types of green fiscal policy: carbon taxes, green subsidies and green public investment is presented, showing that carbon taxes reduce global warming but increase financial risks due to their adverse effects on the profitability of firms and credit availability.
Journal ArticleDOI
Is There a Role for Central Banks in the Low-Carbon Transition? A Stock-Flow Consistent Modelling Approach
TL;DR: In this article, the EIRIN Stock-Flows Consistent, flow-of-funds behaviorual model was developed to simulate three scenarios, i.e., an unconditioned Quantitative Easing (QE), a green QE conditional to the purchase of green sovereign bonds, and conventional monetary policies.
References
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Climate change 2007: the physical science basis
Susan Solomon,Dahe Qin,Martin R. Manning,Melinda Marquis,Kristen Averyt,Melinda M.B. Tignor,H. L. Miller,Z. Chen +7 more
TL;DR: The first volume of the IPCC's Fourth Assessment Report as mentioned in this paper was published in 2007 and covers several topics including the extensive range of observations now available for the atmosphere and surface, changes in sea level, assesses the paleoclimatic perspective, climate change causes both natural and anthropogenic, and climate models for projections of global climate.
Book
The Economics of Climate Change
TL;DR: In this article, the authors present an appropriate way to examine the economics of climate change, given the unique scientific and economic challenges posed, and suggest implications for emissions targets, policy instruments, and global action.
Posted Content
Saving and Liquidity Constraints
TL;DR: In this paper, the authors consider the problem of saving when consumers are not permitted to borrow, and the ability of such a theory to account for some of the stylized facts of saving behavior.
Journal ArticleDOI
On Modeling and Interpreting the Economics of Catastrophic Climate Change
TL;DR: The authors analyzes the implications of structural uncertainty for the economics of low- probability, high-impact catastrophes and shows that the economic consequences of fat-tailed structural uncertainty (along with unsureness about high-temperature damages) can readily outweigh the effects of discounting in climate change policy analysis.
ReportDOI
Saving and liquidity constraints
TL;DR: In this article, the authors discuss the theory of saving when consumers are not permitted to borrow, and the ability of such a theory to account for some of the stylized facts of saving behavior.