How assets get stranded: The impact of climate policy on capital and fossil fuel owners. Introduction to the JEEM special section on climate policy and political economy

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How assets get stranded: The impact of climate policy on capital and fossil fuel owners. Introduction to the JEEM special section on climate policy and political economy

机译：资产如何搁浅：气候政策对资本和化石燃料所有者的影响。 JEEM气候政策和政治经济学特别部分的介绍

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《Journal of Environmental Economics and Management》 |2020年第3期|102300.1-102300.4|共4页
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Mercator Res Inst Global Commons & Climate Change Torgauer Stasse 12-15 D-10829 Berlin Germany|Potsdam Inst Climate Impact Res Leibniz Assoc D-14473 Potsdam Germany|Tech Univ Berlin Dept Econ Climate Change Str 17 Juni 145 D-10623 Berlin Germany;

Mercator Res Inst Global Commons & Climate Change Torgauer Stasse 12-15 D-10829 Berlin Germany|Potsdam Inst Climate Impact Res Leibniz Assoc D-14473 Potsdam Germany|Univ Potsdam Fac Econ & Social Sci August Bebel Str 89 D-14482 Potsdam Germany;

Univ Kiel Dept Econ Olshausenstr 40 D-24118 Kiel Germany;

Mercator Res Inst Global Commons & Climate Change Torgauer Stasse 12-15 D-10829 Berlin Germany|Potsdam Inst Climate Impact Res Leibniz Assoc D-14473 Potsdam Germany;

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收录信息美国《科学引文索引》(SCI);美国《工程索引》(EI);
原文格式 PDF
正文语种 eng
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入库时间 2022-08-18 05:18:06

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机译：关于经济增长和化石燃料供应对气候保护的影响的RoSE特刊简介
3. Political economy constraints on carbon pricing policies: What are the implications for economic efficiency, environmental efficacy, and climate policy design? [J] . Jesse D. Jenkins Energy Policy . 2014,第juna期

机译：政治经济学对碳定价政策的约束：对经济效率，环境效益和气候政策设计有何影响？
4. Fossil Fuel Supply Oligopolization and Climate Change Risk -How Europe Responds Politically and Technologically [C] . Carl - Jochen Winter The National Hydrogen Association's 10th Annual U.S. Hydrogen Meeting, 10th, Apr 7-9, 1999, Vienna, Virginia, USA . 1999

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5. A Run on Oil: Climate Policy, Stranded Assets, and Asset Prices [D] . Barnett, Michael Duglas. 2019

机译：对石油的奔跑：气候政策，滞留资产和资产价格
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7. Financial Development and the Distributional Effects of Monetary Policy Do the distributional consequences of monetary policy depend on the extent of financial development? Should optimal monetary policy vary across countries? In order to answer these questions, we develop a monetary growth production model with heterogeneous agents. In our economy, optimal policy needs to weigh the effects of policy across two groups — capital owners and individuals who hold liquid assets. While banks help limit the exposure to inflation, there are limits because money alleviates the frictions of private information and limited communication. In this environment, we compare two economies that are identical in every aspect except for their level of financial development. In a country with limited financial development, a stock market is absent. In the other, an equity market is active. In either economy, inflation adversely affects capital formation and output. Individuals who hold liquid assets are always adversely affected by inflation, but the attitude of capital owners depends on the level of financial development. In particular, in the presence of a stock market, the impact of inflation on the welfare of capital owners is non-monotonic. Nevertheless, optimal monetary policy is always more conservative at higher levels of financial development. [O] . TINA M. Edgar A. Ghossoub, TINA M. Robert R. Reedy 100

机译：金融发展和货币政策的分配效应货币政策的分配后果是否取决于金融发展的程度？各国的最优货币政策应该不同吗？为了回答这些问题，我们开发了一个具有异构代理的货币增长生产模型。在我们的经济中，最优政策需要权衡两个群体的政策效应 - 资本所有者和持有流动资产的个人。虽然银行帮助限制通胀风险，但存在限制，因为资金减轻了私人信息的摩擦和有限的沟通。在这种环境下，我们比较两个经济体在各个方面都是相同的，除了它们的金融发展水平。在金融发展有限的国家，缺乏股票市场。另一方面，股票市场活跃。在任一经济体中，通胀都会对资本形成和产出产生不利影响持有流动资产的个人总是受到通货膨胀的不利影响，但资本所有者的态度取决于金融发展的水平。特别是，在股票市场存在的情况下，通货膨胀对资本所有者福利的影响是非单调的。尽管如此，在较高的金融发展水平下，最优货币政策总是更加保守。

How assets get stranded: The impact of climate policy on capital and fossil fuel owners. Introduction to the JEEM special section on climate policy and political economy

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