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Distributional Effects of (Un)conventional Monetary Policy in JapanSepp, Tim 30 August 2023 (has links)
This dissertation studies distributional effect of (un)conventional monetary policies on Japanese household and corporate finances. It puts a special focus on household saving(s) and household income. The dissertation consists of four independent essays.
In the first essay “Low Interest Rate Policy and Savings Culture in Japan: Implications for Economic Policy” the change in the savings culture in Japan during more than 30 years of low, zero and negative interest rate policies is examined. It is shown how the Bank of Japan’s persistently loose monetary policy changed the household and corporate savings culture in Japan.
The second essay “Japanese Monetary Policy and Determinants of Household Saving” analyzes determinants of the household saving rate in Japan between 1960 and 2019. It finds that the zero-interest rate policy and unconventional monetary policies of the Bank of Japan are associated with the decline in the Japanese household saving rate.
In the third essay “Japanese Unconventional Monetary Policy and Household Saving” the impact of expansionary monetary policies on household saving in Japan between 1993 and 2017 is analyzed. It shows that monetary expansion is associated with a widening gap in the wealth distribution through an adverse effect on non-academic households.
The fourth essay “The Effects of Unconventional Monetary Policy on Stock Markets and Household Incomes in Japan” studies the distributional effects of monetary policy on Japanese household incomes. It is shown that the Bank of Japan’s unconventional monetary policy has contributed to a widening gap in the income distribution through the portfolio channel
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Integrating Equity and Efficiency Considerations in the Evaluation of public decisionNajera Ruiz, Tonatiuh 15 September 2003 (has links)
No description available.
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Poverty, Inequality and the Decarbonization of Economic DevelopmentRenner, Sebastian 16 December 2016 (has links)
No description available.
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Essays on Developing Countries and Environmental Taxes / 発展途上国と環境税に関する諸問題Wenjun, Sun 23 March 2015 (has links)
京都大学 / 0048 / 新制・課程博士 / 博士(経済学) / 甲第18757号 / 経博第508号 / 新制||経||272(附属図書館) / 31708 / 京都大学大学院経済学研究科経済学専攻 / (主査)教授 植田 和弘, 教授 神事 直人, 教授 柴田 章久 / 学位規則第4条第1項該当 / Doctor of Economics / Kyoto University / DGAM
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Distributional Effects of (Un)conventional Monetary Policy in JapanSepp, Tim 28 September 2023 (has links)
This dissertation studies distributional effect of (un)conventional monetary policies on Japanese household and corporate finances. It puts a special focus on household saving(s) and household income. The dissertation consists of four independent essays. In the first essay “Low Interest Rate Policy and Savings Culture in Japan: Implications for Economic Policy” the change in the savings culture in Japan during more than 30 years of low, zero and negative interest rate policies is examined. It is shown how the Bank of Japan’s persistently loose monetary policy changed the household and corporate savings culture in Japan. The second essay “Japanese Monetary Policy and Determinants of Household Saving” analyzes determinants of the household saving rate in Japan between 1960 and 2019. It finds that the zero-interest rate policy and unconventional monetary policies of the Bank of Japan are associated with the decline in the Japanese household saving rate. In the third essay “Japanese Unconventional Monetary Policy and Household Saving” the impact of expansionary monetary policies on household saving in Japan between 1993 and 2017 is analyzed. It shows that monetary expansion is associated with a widening gap in the wealth distribution through an adverse effect on non-academic households. The fourth essay “The Effects of Unconventional Monetary Policy on Stock Markets and Household Incomes in Japan” studies the distributional effects of monetary policy on Japanese household incomes. It is shown that the Bank of Japan’s unconventional monetary policy has contributed to a widening gap in the income distribution through the portfolio channel
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Representation and Reward in High Technology Industries and Occupations: The Influence of Race and EthnicityGatchair, Sonia Denise 13 November 2007 (has links)
This study examined whether the demand for more educated science and engineering workers outweighed longstanding practices of discrimination in hiring in high technology industries and science and engineering occupations. The study focused on the effects of education on the distribution of employment and wages among four racial and ethnic groups (non-Hispanic whites, non-Hispanic blacks, Hispanics and Asians), for the period 1992 to 2002. The main data used in the analyses came from the March Annual Demographic Survey. Multinomial logit analyses were used to determine the probabilities of employment, and ordinary least squares, non-parametric regressions and t-tests were used to examine wages. The analyses showed that education was more important in determining employment in S &E occupations, when compared to its effects in other occupations; and compared to race, other demographic and labor market characteristics. The effects of education were greater in S &E jobs in the high technology sector when compared to S &E jobs elsewhere in the economy. However, the effects of education varied with race, the level of education, and the industry/ occupational group under consideration in ways that suggest that both employment and wages continue to be influenced by correlates of race. Based on the findings, the study provides recommendations for policy and future research.
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Modeling and empirically assessing climate policies and asset stranding / Patterns of policy-induced losses in the fossil fuel extraction, power, and financial sectorvon Dulong, Angelika 07 August 2023 (has links)
Die Umsetzung einer effektiven Klimapolitik ermöglicht die Verringerung von Treibhausgasemissionen und damit die Eindämmung des Klimawandels. Eine solche Politik hat jedoch negative Auswirkungen auf die direkt oder indirekt in der fossilen Industrie tätigen Akteure, wenn deren Vermögensgegenstände wertlos werden (auch „Asset Stranding“ genannt). Diese Arbeit leistet einen Beitrag zum Verständnis der Wechselwirkung zwischen Klimapolitik und Asset Stranding: Sie untersucht angebotsseitige Politikmaßnahmen in der fossilen Brennstoffindustrie, das Ausmaß und die Verteilung von Asset Stranding auf Ebene der Anlagenbesitzer im Energiesektor und die Wechselwirkungen zwischen Asset Stranding, Erwartungen über Klimapolitik und systemischen Finanzkrisen. Darüber hinaus gibt die Arbeit einen Überblick über die Literatur im Bereich Klimaökonomie zu Asset Stranding und zu entgangenen Gewinnen der Produzenten fossiler Brennstoffe aufgrund von Klimapolitik. Die Arbeit besteht aus fünf Artikeln (Kapitel 2-6), die von einer allgemeinen Einleitung und einer Schlussfolgerung umschlossen werden. / The implementation of effective climate policies facilitates reducing greenhouse gas emissions and thereby mitigating climate change. Such policies, however, have adverse effects on stakeholders directly or indirectly engaged in the fossil industry if they find the value of their assets "stranded". This thesis contributes to our understanding of the interaction between climate policies and asset stranding: It studies supply-side policies in the upstream fossil fuel extraction industry, the extent and distribution of stranded assets at the asset owner level in the power sector, and the interaction of asset stranding, expectations of climate policies, and financial systemic crises. Further, the thesis surveys the climate economics literature on stranded assets and fossil fuel producers' lost profits due to climate policies. The thesis is a compilation of five articles (Chapters 2-6) encased by a general introduction and a conclusion.
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Modélisation de mécanismes institutionnels et impacts bio-économiques de systèmes de gestion de quotas : application à la pêcherie de sole du golfe de Gascogne / Modelling institutional arrangements and bio-economic impacts of catch share management systems : application to the Bay of Biscay sole fisheryBellanger, Manuel 18 May 2017 (has links)
En France, où les droits de pêches ne sont pas transférables, la gestion des quotas de pêche est essentiellement déléguée aux organisations de producteurs (OP), lesquelles se voient attribuer des allocations collectives et sont responsables de la gestion des possibilités de pêche de leurs adhérents. On peut ainsi s’interroger sur la manière dont la présence des OP au sein des institutions peut permettre d’améliorer les performances écologiques,économiques et sociales de la gestion des pêches en comparaison avec d’autres formes institutionnelles telles que les systèmes de quotas individuels transférables (QIT). Les recherches de thèse, comprenant une partie théorique et s’appuyant sur le cas de la pêcherie de sole du golfe de Gascogne pour les applications empiriques,sont organisées autour des questions suivantes : (1) Par quels mécanismes les OP peuvent-elles permettre d’améliorer le respect des réglementations et influencer l’émergence de normes sociales ? (2) Quels sont les effets redistributifs de la gestion des quotas par les OP ? (3) Comment les mécanismes de gestion des quotas par les OP peuvent-ils être intégrés dans la modélisation bio-économique pour l’évaluation d’impact de scénarios de gestion ? Les analyses développées établissent l’intérêt de prendre en compte des contraintes induites par différents arrangements institutionnels et les résultats sont notamment examinés au regard des trois dimensions (écologique, économique et sociale) nécessaires à la gestion durable des pêches. Les compromis entre ces différentes dimensions sont mis en évidence dans le cadre de scénarios prospectifs visant une meilleure compréhension des enjeux liés à la gestion des pêches. / In France, where fishing rights are non-transferable, the management of fishing quotas is essentially delegated to producer organizations (POs). POs are granted collective allocations based on the aggregate fishing rights of their members and are then responsible for managing their fishing opportunities. The goal of this research, which contains theoretical developments as well as empirical analyses applied to the Bay of Biscay sole fishery, is to determine how outcomes of fisheries management are altered by the presence of POs within institutions as compared to alternative governance systems such as individual transferable quotas (ITQs). This dissertation notably brings together bio-economic approaches and institutional analyses to better anticipate the ecological, economic and social impacts of potential governance options. The research questions are the following: (1) What mechanisms could ensure a high level of compliance and what are the potential gains of placing the POs between the regulator and the fishermen? (2) What are the distributional effects of catch share management by POs? (3) What is the added value of integrating institutional arrangements involving POs into bio-economic modelling for the impact assessment of catch share management options? The analyses that were developed establish the ability of institutional design to influence outcomes in catch share systems in terms of compliance, distribution, and ecological-socioeconomic trade-offs achieved by alternative management options.
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Quantitative Agricultural Policy Impact Analysis at Enhanced Farm & Regional ResolutionGocht, Alexander 18 June 2024 (has links)
In dieser Habilitationsschrift werden elf ausgewählte Zeitschriftenartikel vorgestellt. Alle Artikel zielen darauf ab, die Heterogenität der Betriebe des Agrarsektors durch eine bessere Auflösung der Angebotsmodelle zu berücksichtigen. Der erste Abschnitt konzentriert sich auf die Anwendungen mit dem partiellen Gleichgewichtsmodell CAPRI. Der Abschnitt deckt ein breites Spektrum politischer Fragen ab, zum Beispiel, Kopplung bzw. Konvergenz der Direktzahlungen, Ökologisierung, Verringerung der Treibhausgasemissionen und Kohlenstoffsequestrierung. Ich zeige, dass betriebsbezogene Angebotsmodelle eine detailliertere Analyse politischer Auswirkungen ermöglichen. Zudem erlauben diese Angebotsmodelle eine Verknüpfung mit Modellen höherer räumlicher Auflösung. Der zweite Abschnitt befasst sich mit methodischen Fragen zur Schätzung struktureller Veränderungen auf der Ebene der Betriebstypen in einem EU-weiten Ansatz. Der entwickelte Ansatz hilft, Faktoren, die den landwirtschaftlichen Strukturwandel beeinflussen, besser zu bestimmen und bietet die Möglichkeit einer umfassenden Analyse des landwirtschaftlichen Strukturwandels in der EU. Es wird gezeigt, dass die Ergebnisse zum Strukturwandel auch in der Modellierung berücksichtigt werden können. Dafür wurden Methoden entwickelt, die die Wahrung der Konsistenz der regionalen Ebene und die Berücksichtigung von betriebstypspezifischen Bilanzen, Indikatoren und Veränderungen in der Zahl der landwirtschaftlichen Betriebe gewähren. Der letzte Abschnitt befasst sich mit Methoden zur Rückschätzung von zensierten Daten. Ich untersuche verschiedene Datenaggregationsansätze, wie zum Beispiel, ein lokales gewichtetes Durchschnittsverfahren und ein bayesianisches Schätzverfahren, um Parameter für die zensierten Daten zu ermitteln, die der Realität so weit wie möglich entsprechen. / In this habilitation thesis, eleven selected journal articles were presented. All articles aimed to improve the resolution and thus reduce aggregation error to better account for farm heterogeneity in the agricultural sector models. The first section focused on model application with the partial equilibrium model CAPRI at the farm-type level. It covered many policy issues, such as coupling, convergence, greening, GHG mitigation, and carbon sequestration. I demonstrate that the farm-type supply models enable a detailed analysis of various policy impacts. It was demonstrated that the EU's supply models could improve model linkage with higher spatial resolution models, thus further closing the gap with spatial land-use models. The second section addressed significant methodological queries about estimating structural changes at the farm-type level in an EU-wide approach. A regional approach helps to identify better factors affecting agricultural structural change. The approach offers the opportunity for a comprehensive and previously unachievable analysis of agricultural structural change in the EU. Integrating the development into the CAPRI farm-type model poses challenges with the top-down approach. It requires maintaining consistency with the regional NUTS2 level and considering farm-type-specific balances, indicators, and changes in the number of farms from the structural change estimation. The last section addressed methods for back-estimating censored data. I explored different data aggregation approaches, such as a local weighted average method and a Bayesian estimation procedure, to establish parameters for the censored data that match reality as closely as possible.
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