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The overall purpose of this study is to analyze the synergies of environmental mitigation initiatives in practice, based on the approach proposed by Muller and Mendelsohn (2011). According to this methodology, externalities associated with local pollutants are measured using the impact pathway approach. The main local benefits to be derived from applying mitigation measures are the impacts on health and agriculture. This paper provides a conceptual review of the Muller-Mendelsohn model and the externality assessment theory. It then presents and explains the impact pathway methodology, revealing a specific model for its application in Chile. The paper’s purpose is to extend that methodology to other contexts, particularly the Latin American context. For that reason, explanations regarding information requirements and how they are used are included at each stage of the methodology. Finally, several indicators are presented so as to be interpreted in a mitigation analysis.
This paper compares the optimal dynamic choices between policies of mitigation and adaptation for three economies: Brazil, Chile and the United States. The focus is on the optimal role of mitigation and adaptation for “environmentally small economies,” i.e., economies that are witnessing an exogenous increase in emissions to which they are contributing very little. The simulations lead to three ma ... (View publication)
This issue of IDEA covers some of the IDB’s recent research on climate change, including efforts on both the mitigation and adaptation fronts. That research includes both surprising findings and an underlying understanding that the region’s development must take into account -and will in many ways be shaped by- how it deals with this unique and inescapable issue. (View publication)
In 2016 the Central Bank of Argentina began to announce inflation targets. In this context, providing authorities with good estimates of relevant macroeconomic variables is crucial for making pertinent corrections in order to reach the desired policy goals. This paper develops a group of models to forecast inflation for Argentina, which includes autoregressive models and different scale Bayesi ... (View publication)
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