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International transmission of the business cycle and environmental policy
16 references·0 citing·42 second hop
International transmission of the business cycle and environmental policy (2019)International transmission of the busines…Projections and Uncertainties about Climate Change in an Era of Minimal Climate Policies (2018)Projections and Uncertainties…The Impacts of Environmental Regulations on Competitiveness (2017)The Impacts of Environmental …Some Contributions of Integrated Assessment Models of Global Climate Change (2017)Some Contributions of Integra…Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications (2015)Monetary policy, inflation, a…Optimal Taxes on Fossil Fuel in General Equilibrium (2014)Optimal Taxes on Fossil Fuel …Environmental policy and macroeconomic dynamics in a new Keynesian model (2014)Environmental policy and macr…How should environmental policy respond to business cycles? Optimal policy under persistent productivity shocks (2011)How should environmental poli…Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)Financial Intermediation and …A model of unconventional monetary policy (2010)A model of unconventional mon…A question of balance: weighing the options on global warming policies (2008)A question of balance: weighi…Trade and the Environment: Theory and Evidence (2004)Trade and the Environment: Th…Climate change policy, market structure, and carbon leakage (2004)Climate change policy, market…Regulating stock externalities under uncertainty (2003)Regulating stock externalitie…Combining price and quantity controls to mitigate global climate change (2002)Combining price and quantity …Prices vs. Quantities (1974)Prices vs. QuantitiesAn Intertemporal Capital Asset Pricing Model (1973)An Intertemporal Capital Asse…The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)Credit Spreads and Business Cycle Fluctuations (2012)A Macroeconomic Model with a Financial Sector (2014)Regulating a Monopolist with Unknown Costs (1982)The Use of Knowledge in Society (1996)Environmental Policy and Technological Change (2002)The Fundamental Institutions of China's Reforms and Development (2011)Intra-industry trade in identical commodities (1981)A ‘reciprocal dumping’ model of international trade (1983)World Economic Outlook (1983)Post-Kyoto greenhouse gas inventories: production versus consumption (2007)Comparing policies to combat emissions leakage: Border carbon adjustments versus rebates (2012)Carbon pricing in climate policy: seven reasons, complementary instruments, and political economy considerations (2017)Effluent charges and licenses under uncertainty (1976)The Role of Carbon Taxes in Adjusting to Global Warming (1991)Global Warming Gridlock (2011)The Economics of Exhaustible Resources (1931)Increasing Returns and Long-Run Growth (1986)The Economics of Climate Change: The Stern Review (2007)Estimates of the Social Cost of Carbon: Concepts and Results from the DICE-2013R Model and Alternative Approaches (2014)The Economic Impacts of Climate Change (2017)Corporate Climate Risk: Measurements and Responses (2020)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Economic Growth and the Environment (1994)Toward a New Conception of the Environment-Competitiveness Relationship (1995)The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity (2003)Overcoming public resistance to carbon taxes (2018)Reduction in greenhouse gas emissions from national climate legislation (2020)The Economic Effects of Climate Change (2009)Temperatures and cyclones strongly associated with economic production in the Caribbean and Central America (2010)Transition to Clean Technology (2016)If the Fed sneezes, who catches a cold? (2017)On Secular Stagnation in the Industrialized World (2019)Climate actions and macro-financial stability: The role of central banks (2021)
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References

  • 1973An Intertemporal Capital Asset Pricing Model6,557 cited
  • 1974Prices vs. Quantities2,867 cited
  • 2010A model of unconventional monetary policy2,439 cited
  • 2010Financial Intermediation and Credit Policy in Business Cycle Analysis1,986 cited
  • 2008A question of balance: weighing the options on global warming policies1,239 cited
  • 2017The Impacts of Environmental Regulations on Competitiveness1,002 cited
  • 2014Optimal Taxes on Fossil Fuel in General Equilibrium990 cited
  • 2002Combining price and quantity controls to mitigate global climate change700 cited
  • 2015Monetary policy, inflation, and the business cycle : an introduction to the new Keynesian framework and its applications637 cited
  • 2004Climate change policy, market structure, and carbon leakage637 cited
  • 2004Trade and the Environment: Theory and Evidence567 cited
  • 2011How should environmental policy respond to business cycles? Optimal policy under persistent productivity shocks495 cited
  • 2017Some Contributions of Integrated Assessment Models of Global Climate Change470 cited
  • 2003Regulating stock externalities under uncertainty461 cited
  • 2018Projections and Uncertainties about Climate Change in an Era of Minimal Climate Policies

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437 cited
  • 2014Environmental policy and macroeconomic dynamics in a new Keynesian model365 cited
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