学术论文

Financially constrained governments, particularly in emerging and developing economies, tend to face a fiscal trade-off between adapting to climate change impacts and pursuing broader development goals. This trade-off is especially relevant in the...

This paper examines the role of financial cycle proxies in refining available estimates of the business cycle in Kazakhstan. It contributes to the existing literature by introducing a formal test for the stability of the mean of exogenous variable...

Singapore has addressed high inflation over the past years amid a tight labor market through several rounds of tightening of the exchange rate-based monetary policy. This paper estimates the exchange pass-through to inflation in Singapore with a p...

France has taken a leaders hip role in global mitigation and made significant progress towardsreducing greenhouse gas emissions, but further efforts will be needed to meet domestic mitigation targets.Accelerating emissions reductions from road tra...

Germany needs substantially higher levels of public investment. At the same time, the country is facing rising pension, healthcare, long-term care, and defense expenditures. If Germany were eventually to ease moderately its national fiscal rules, ...

Using novel data on bond trading in the UK, we develop a new measure of selling pressure that can be applied to any trader. We identify exogenous selling pressure in a bond using traders’ sales of other, unrelated bonds.The price impact of a sale ...

Climate change presents an unprecedented long-term challenge to the French and globaleconomy. While France has made signifcant progress towards reducing greenhouse gas emissions, importantadditional policy efforts will be needed to meet key mitiga...

Economists often regard a broad-based price on carbon (whether in the form of a carbon tax or cap and trade) as the most efficient policy to reduce carbon dioxide emissions. Relative to a narrower policy that omits some emissions sources, a broade...

For nearly three-quarters of a century, there has been a large separation between lifecycle finance models stemming from numerous Nobel laureates and the single-period mean-variance optimization-oriented models starting with Markowitz. Recent adva...

高速铁路作为现代交通基础设施的重要组成部分，其建设产生时空收敛效果，并进一步对生产要素流动、 城市空间扩张、区域空间结构重构产生重要影响。文章在分析中国高速铁路发展过程、模式的基础上，剖析了其 空间格局特征及与区域人口和经济的耦合关系；同时，借助 ArcGIS 方法从空间服务水平、时空收敛效应和中心 城市交通圈等角度，探讨高速铁路网络的空间效应。结果显示：高速铁路的空间扩展过程表现出独特的“核心― 核心”至“核心―网络”模式，与城市群的空间分布具有较好的耦合性；高速铁路的空间格局与中国城市...

Innovation isn't just about research papers and R&D budgets anymore; it's the game-changer driving economic progress and fierce competitiveness in specific industries. The definition of innovation has expanded beyond the confines of R&...

The COVID-19 pandemic caused severe disruptions to the U.S. labor market and economic activity. We establish connections between family experiences of the pandemic, their income under normal conditions, and their later economic well-being using th...

Despite the widespread use of fixed-rate mortgages in the United States, I show that monetary policy is effectively passed through to aggregate outstanding mortgage debt service. Using credit bureau, lender, and servicer data on mortgage payments ...

Accurate poverty measurement relies on household consumption data, but such data are often inadequate, outdated, or display inconsistencies over time in poorer countries. To address these data challenges, this paper employs survey-to-survey imputa...