Optimal Fiscal Policy and the Environment PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Optimal Fiscal Policy and the Environment PDF full book. Access full book title Optimal Fiscal Policy and the Environment by Ms.Jenny Elisabeth Ligthart. Download full books in PDF and EPUB format.
Author: Ms.Jenny Elisabeth Ligthart
Publisher: International Monetary Fund
ISBN: 145185661X
Category : Business & Economics
Languages : en
Pages : 29
Get Book Here
Book Description
The paper studies the setting of optimal fiscal policy in a second-best world with environmental externalities. The optimal second-best pollution tax is shown to lie below the first-best Pigovian tax, particularly if substitution between labor and polluting intermediate inputs is easy, the labor supply curve is more elastic, and preexisting taxes are large. The optimal level of public abatement is derived from the modified Samuelson rule and is larger if society cares more for the environment, public funds are inexpensive, and public abatement is relatively productive. The analysis also shows that the Samuelson rule should be revised if allowance is made for nonseparabilities in preferences.
Author: Ms.Jenny Elisabeth Ligthart
Publisher: International Monetary Fund
ISBN: 145185661X
Category : Business & Economics
Languages : en
Pages : 29
Get Book Here
Book Description
The paper studies the setting of optimal fiscal policy in a second-best world with environmental externalities. The optimal second-best pollution tax is shown to lie below the first-best Pigovian tax, particularly if substitution between labor and polluting intermediate inputs is easy, the labor supply curve is more elastic, and preexisting taxes are large. The optimal level of public abatement is derived from the modified Samuelson rule and is larger if society cares more for the environment, public funds are inexpensive, and public abatement is relatively productive. The analysis also shows that the Samuelson rule should be revised if allowance is made for nonseparabilities in preferences.
Author: Jenny E. Ligthart
Publisher:
ISBN:
Category :
Languages : en
Pages : 28
Get Book Here
Book Description
Author: Kenneth J. Arrow
Publisher: Routledge
ISBN: 113598882X
Category : Business & Economics
Languages : en
Pages : 253
Get Book Here
Book Description
This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in 1970
Author: Mr.Cristiano Cantore
Publisher: International Monetary Fund
ISBN: 1475590199
Category : Business & Economics
Languages : en
Pages : 44
Get Book Here
Book Description
The initial government debt-to-GDP ratio and the government’s commitment play a pivotal role in determining the welfare-optimal speed of fiscal consolidation in the management of a debt crisis. Under commitment, for low or moderate initial government debt-to-GPD ratios, the optimal consolidation is very slow. A faster pace is optimal when the economy starts from a high level of public debt implying high sovereign risk premia, unless these are suppressed via a bailout by official creditors. Under discretion, the cost of not being able to commit is reflected into a quick consolidation of government debt. Simple monetary-fiscal rules with passive fiscal policy, designed for an environment with “normal shocks”, perform reasonably well in mimicking the Ramsey-optimal response to one-off government debt shocks. When the government can issue also long-term bonds–under commitment–the optimal debt consolidation pace is slower than in the case of short-term bonds only, and entails an increase in the ratio between long and short-term bonds.
Author: Gunnar S. Eskeland
Publisher: World Bank Publications
ISBN:
Category : Air
Languages : en
Pages : 36
Get Book Here
Book Description
Simple unweighted cost-effectiveness analysis remains relevant and correct when one introduces costly redistribution and revenue generation.
Author: Miria A. Pigato
Publisher: World Bank Publications
ISBN: 9781464813580
Category : Business & Economics
Languages : en
Pages : 240
Get Book Here
Book Description
This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.
Author:
Publisher:
ISBN: 9781617260001
Category : Economic policy
Languages : en
Pages : 0
Get Book Here
Book Description
For almost 60 years, RFF has pioneered the application of economics as a tool to develop more effective policy about the use and conservation of natural resources. It remains the world's premier institution for the study of environmental economics. This collection of eight books represents many of the best works that RFF has published, including writings by Nobel Prize winning economists. The RFF Library Collection brings back landmark books published by Resources for the Future throughout its nearly 60-year history as the pre-eminent ...
Author:
Publisher:
ISBN: 9781617260001
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
For almost 60 years, RFF has pioneered the application of economics as a tool to develop more effective policy about the use and conservation of natural resources. It remains the world's premier institution for the study of environmental economics. This collection of eight books represents many of the best works that RFF has published, including writings by Nobel Prize winning economists.The RFF Library Collection brings back landmark books published by Resources for the Future throughout its nearly 60-year history as the pre-eminent...
Author: Kenneth S. Rogoff
Publisher: MIT Press
ISBN: 0262072726
Category : Business & Economics
Languages : en
Pages : 479
Get Book Here
Book Description
The 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates.
Author: Aleksandar Vasilev
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
