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Full-Text Articles in Social and Behavioral Sciences
Essays On Environmental Policy Instruments, Emissions Leakage And Public Policy, Shreekar Pradhan
Essays On Environmental Policy Instruments, Emissions Leakage And Public Policy, Shreekar Pradhan
Doctoral Dissertations
This dissertation consists of three essays related to my research on environmental policy, emissions leakage, and public policy. In the first essay, I address how open economies respond to environmental policy instruments under uncertainty. I develop a dynamic stochastic general equilibrium model for a small open economy (SOE) and evaluate the macroeconomic fluctuations in response to cap-and-trade, pollution tax, and emissions intensity standard under two shocks: productivity and terms of trade. My findings suggest that cap-and-trade policies are most effective in dampening the macroeconomic volatility from productivity shock. However, under the terms-of-trade shock, pollution tax, and intensity target policies are …
Three Macroeconomic Essays: Budget Stabilization Funds, Terms Of Trade, Durability And The Small Open Economy Business Cycle, Ali Mohammad Al-Nadi
Three Macroeconomic Essays: Budget Stabilization Funds, Terms Of Trade, Durability And The Small Open Economy Business Cycle, Ali Mohammad Al-Nadi
Doctoral Dissertations
In this dissertation we use Dynamic Stochastic General Equilibrium DSGE) models to explain empirical regularities and policy implications related to (1) durable goods, interest rates and small open economy business cycles, (2) Terms-of-Trade (ToT) and economic fluctuations in small open economies and (3) Budget Stabilization Funds (BSFs) and States’ business cycles. In the first essay, we document that durable spending in developed small open economies constitutes a large share of their total income. Their spending is highly procyclical, sensitive to interest rates, and leads the business cycle. We address these regularities with a RBC model with durable goods. The model …