Climate policy, stranded assets, and investors’ expectations

Stranded Assets and the Shipping Industry

According to IMO forecasts, CO2 emissions from world shipping could double by the year 2050. Although shipping is in most cases the most efficient mode of transport per unit of transport supply, it is still heavily reliant on heavy fuel oil to power its propulsion. The IMO has introduced regulations to bring about reductions in the emissions of ships, including an Energy Efficiency Design Index...

Assets, Livelihoods and Social Policy

In the past two decades poverty focused policy has changed remarkably in the South. This can be summarized as a shift from residual welfare poverty-alleviation strategies, commonly associated with ‘safety nets’, to social protection poverty-reduction policies. The latter in principle has a far broader mandate incorporating risk prevention and mitigation strategies, as well as the perennially ne...

Climate Shocks and their Impact on Assets

Assets, parental expectations and involvement, and children’s educational performance

This study examines the relationships between parental assets with their expectations and involvement of children’s education, and children’s educational performance measured 2 years later. Through the analysis of the mother–child data set of the National Longitudinal Survey of Youth (NLSY79), results indicate that after controlling for family income and other parent characteristics, parental a...

Monetary Policy, Expectations and Commitment∗

Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions and instrument rules have been proposed to implement or approximate commitment policy. We assess these optimal reaction functions and instrument rules in terms of whether they lead to an RE equilibrium that is both locally determinate and...