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Top News In ஆக்ஸ்ஃபர்ட் பொருளாதார ஆவணங்கள் Today - Breaking & Trending Today

Joseph Stiglitz et Paul Krugman : les orthodoxes de gauche

[Les duos de l’éco] Deux économistes stars, tous les deux récompensés par le prix de la Banque de Suède car adeptes des méthodes, mais pas des résultats, libéraux, de la théorie dominante. Deux économistes très politiques. ....

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Macro Afternoon - MacroBusiness

Macro Afternoon - MacroBusiness
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

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Blaming migrants for Australia's lower wages growth is easy but too simplistic | Greg Jericho

Blaming migrants for Australia's lower wages growth is easy but too simplistic | Greg Jericho
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.

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Carbon pricing and relocation: Evidence from Dutch industry

Patrick Bolton, Marcin Kacperczyk
Pricing carbon is a cost-effective instrument to achieve emission reduction targets. The introduction of a substantial tax on industrial carbon emissions could be an important part of future climate policy. Tax rate proposals of €100 or €200 per tonne of CO
2e in 2030 on top of the carbon price in the EU Emissions Trading System (EU ETS) are not uncommon. However, implementing a national carbon tax has proven to be politically difficult (Stiglitz 2019, Dolphin et al. 2020). A key concern is that such a tax may hurt domestic industrial activity. Another concern is carbon leakage – i.e. the emission reduction achieved domestically could (partly) be offset by an increase in carbon emissions in foreign countries with more favorable tax regimes. ....

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Helicopter money as a last resort contingent policy | VOX, CEPR Policy Portal

John Muellbauer
During the Covid-19 pandemic, central banks have pushed to the extreme the tools they had created after the Global Crisis: targeted lending, large asset purchases, and negative interest rates (Hartmann and Schepens 2021). This is especially true in the euro area. The balance sheet of the ECB amounts to 60% of GDP, it holds around 25% of public debt of the euro area, and the deposit facility rate is at -0.5% (-1% for targeted long-term refinancing operations, or TLTRO). These measures were useful and necessary to avert deflation both during the 2010s and in the Covid-19 crisis. However, since 2015 the annual inflation rate has been around target only 10% of the time (see Figure 1). Based on its June 2021 forecast, the ECB itself anticipates (after a temporary increase in 2021) an average inflation rate below its 2% target at 1.5% in 2022 and 1.4% in 2023. ....

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