Journal of Policy Modeling最新文献

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The case for a World Carbon Bank 建立世界碳银行的理由
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.009
Kenneth Rogoff
{"title":"The case for a World Carbon Bank","authors":"Kenneth Rogoff","doi":"10.1016/j.jpolmod.2023.07.009","DOIUrl":"10.1016/j.jpolmod.2023.07.009","url":null,"abstract":"<div><p>This paper explores the idea of creating a new multilateral financial institution, a World Carbon Bank, to channel aid funds and technical expertise to low and middle-income countries, to aid with the green transition. A focused high-return first project could involve phasing out coal power plants and replacing with green alternatives. Coal accounts for 30% of global emissions. Many coal plants are located outside advanced economies and are relatively new. The costs of swapping them out is significant, and most poorer countries have little incentive or capacity to do so. WCB funds would be outright grants and not loans.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 693-701"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43533495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trade-growth nexus: A study of G20 countries using simultaneous equations model with dynamic policy simulations 贸易增长关系:基于联立方程模型和动态政策模拟的G20国家研究
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.004
Janhavi Shankar Tripathi
{"title":"Trade-growth nexus: A study of G20 countries using simultaneous equations model with dynamic policy simulations","authors":"Janhavi Shankar Tripathi","doi":"10.1016/j.jpolmod.2023.07.004","DOIUrl":"10.1016/j.jpolmod.2023.07.004","url":null,"abstract":"","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 806-816"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48045664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Where is the EU economy headed? The international dimension 欧盟经济走向何方?国际维度
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.005
Moreno Bertoldi, Annika Eriksgård, Kristian Orsini, Philipp Pfeiffer
{"title":"Where is the EU economy headed? The international dimension","authors":"Moreno Bertoldi,&nbsp;Annika Eriksgård,&nbsp;Kristian Orsini,&nbsp;Philipp Pfeiffer","doi":"10.1016/j.jpolmod.2023.07.005","DOIUrl":"10.1016/j.jpolmod.2023.07.005","url":null,"abstract":"<div><p>Since 2020, the EU economy has been hit by a number of external shocks that have had a major impact on growth, employment and inflation. As the outlook for the world remains highly uncertain, international conditions are likely to continue to affect the EU’s economic performance until a more stable equilibrium is reached. The question is in which direction and by how much? This article presents three possible scenarios (baseline, adverse, and benign), which provide some impact quantification through the use of the European Commission’s Global Multicountry model, and considers the potential implications of these scenarios on where the EU economy is headed. The final part of the article discusses how the EU, by better reconciling its domestic and foreign agenda, can play a more proactive role in determining international conditions, leading to more favourable equilibria.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 817-832"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45102906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Globalization: Uncoupled or unhinged? 全球化:脱钩还是精神错乱?
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.02.008
Barry Eichengreen
{"title":"Globalization: Uncoupled or unhinged?","authors":"Barry Eichengreen","doi":"10.1016/j.jpolmod.2023.02.008","DOIUrl":"https://doi.org/10.1016/j.jpolmod.2023.02.008","url":null,"abstract":"","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 685-692"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49747795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Are trade restrictions counter-cyclical? Evidence from a new aggregate measure 贸易限制是反周期的吗?来自一个新的综合衡量标准的证据
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.04.008
Julia Estefania-Flores , Davide Furceri , Swarnali A. Hannan , Jonathan D. Ostry , Andrew K. Rose
{"title":"Are trade restrictions counter-cyclical? Evidence from a new aggregate measure","authors":"Julia Estefania-Flores ,&nbsp;Davide Furceri ,&nbsp;Swarnali A. Hannan ,&nbsp;Jonathan D. Ostry ,&nbsp;Andrew K. Rose","doi":"10.1016/j.jpolmod.2023.04.008","DOIUrl":"10.1016/j.jpolmod.2023.04.008","url":null,"abstract":"<div><p>We present a new Measure of Aggregate Trade Restrictions (MATR) using data from <em>the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions</em>. MATR is strongly correlated with existing measures of trade restrictiveness but more comprehensive in terms of country and time coverage. Our measure is available for an unbalanced sample of up to 157 countries during 1949–2019. We use our new MATR to re-examine how trade restrictiveness varies with the business cycle. Our results confirm that trade restrictions are typically a-cyclical but there is an important difference across income groups: aggregate trade restrictions are a-cyclical in advanced economies but are counter-cyclical in EMDEs, especially in response to increases in unemployment.</p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 745-767"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45752007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How susceptible is the European financial stability to economic policy uncertainty? 经济政策不确定性对欧洲金融稳定的影响有多大?
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.011
Lucjan T. Orlowski
{"title":"How susceptible is the European financial stability to economic policy uncertainty?","authors":"Lucjan T. Orlowski","doi":"10.1016/j.jpolmod.2023.07.011","DOIUrl":"10.1016/j.jpolmod.2023.07.011","url":null,"abstract":"<div><p><span><span>This study examines the interdependence and asymmetries in the relationships between the economic policy uncertainty and the selected financial stability variables in Europe. Specifically, the impact of uncertainty on </span>inflation, </span>equity returns<span>, the euro in US dollar exchange rate and interest rates is analyzed. The results show a significant negative impact of shocks in economic policy uncertainty on equity returns in Europe during the examined January 1987 – January 2023 period. Uncertainty shocks affect inflation asymmetrically at different time intervals. Asymmetric responses of interest rates and the exchange rate to uncertainty shocks are also found. The results suggest that economic policies in Europe should encompass efforts to mitigate economic uncertainty.</span></p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 864-875"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42947010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Where is the Euro Area headed? Restoration of price stability 欧元区将走向何方?恢复价格稳定
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.008
Anastasios G. Malliaris , Mary E. Malliaris
{"title":"Where is the Euro Area headed? Restoration of price stability","authors":"Anastasios G. Malliaris ,&nbsp;Mary E. Malliaris","doi":"10.1016/j.jpolmod.2023.07.008","DOIUrl":"10.1016/j.jpolmod.2023.07.008","url":null,"abstract":"<div><p><span>After the two recent global shocks of the COVID-19 Pandemic of 2019–2021 and the Russian invasion of Ukraine in February 2022, the 2023–24 economic priority for the Euro Area is the fight against inflation in the midst of global economic and financial uncertainties. We focus on Euro Area inflation, analyze its diagnostics, examine </span>inflation expectations<span>, review theories of inflation and evaluate monetary and fiscal policies prompted because of COVID-19. Then we explore policies of the European Central Bank to fight inflation and conclude that restoration of price stability in the Euro Area will remain its central focus during 2023 and 2024.</span></p></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 848-863"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46101208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
International trade cooperation’s impact on the world economy 国际贸易合作对世界经济的影响
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.06.007
Jeanne Métivier , Marc Bacchetta , Eddy Bekkers , Robert Koopman
{"title":"International trade cooperation’s impact on the world economy","authors":"Jeanne Métivier ,&nbsp;Marc Bacchetta ,&nbsp;Eddy Bekkers ,&nbsp;Robert Koopman","doi":"10.1016/j.jpolmod.2023.06.007","DOIUrl":"10.1016/j.jpolmod.2023.06.007","url":null,"abstract":"","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 713-744"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46320492","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Whither multilateralism? 多边主义在哪里?
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.06.008
Joseph E. Stiglitz
{"title":"Whither multilateralism?","authors":"Joseph E. Stiglitz","doi":"10.1016/j.jpolmod.2023.06.008","DOIUrl":"https://doi.org/10.1016/j.jpolmod.2023.06.008","url":null,"abstract":"","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 702-712"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49747424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Trade and growth in the world economy 贸易与世界经济增长
IF 3.5 2区 经济学
Journal of Policy Modeling Pub Date : 2023-07-01 DOI: 10.1016/j.jpolmod.2023.07.010
Dominick Salvatore , Alberto Costantiello , Fred Campano
{"title":"Trade and growth in the world economy","authors":"Dominick Salvatore ,&nbsp;Alberto Costantiello ,&nbsp;Fred Campano","doi":"10.1016/j.jpolmod.2023.07.010","DOIUrl":"10.1016/j.jpolmod.2023.07.010","url":null,"abstract":"","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"45 4","pages":"Pages 781-788"},"PeriodicalIF":3.5,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48592731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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