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Hot Property
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Fiscal Policies for Paris Climate Strategies—from Principle to Practice
This paper discusses the role of, and provides practical country-level guidance on, fiscal policies for implementing climate strategies using a unique and transparent tool laying out trade-offs among policy options.
The American Housing Question
The American Housing Question reframes the question of affordable housing through the concepts of urban citizenship and racism. Randolph Hohle argues that when we consider who benefits from affordable housing, we end up with a complex story of inclusion and exclusion and of privilege and mobility centered around race and social class. Historically, affordable housing’s underlying logic was to create the conditions for white people to exercise the privilege of mobility. Affordable housing policy was first and foremost about granting white people the ability to live in racially-segregated neighborhoods within and across urban areas. When the beneficiaries of affordable housing policy were pr...
Carbon Risk and Green Finance
As the world plans for economic recovery following the global COVID-19 pandemic, major economies are looking to comprehensive strategies for addressing carbon risks and identifying green finance opportunities. Since Bank of England Governor Mark Carney and Michael Bloomberg began tackling climate change as a financial concern, the international financial community has been developing sophisticated analytical tools that will enable the success of comprehensive efforts to address carbon risks and identify green finance opportunities. This timely publication offers a cutting-edge analysis of the financial aspects of climate change. It discusses the most important analytical tools, their origin,...
Risks
This book is a collection of feature articles published in Risks in 2020. They were all written by experts in their respective fields. In these articles, they all develop and present new aspects and insights that can help us to understand and cope with the different and ever-changing aspects of risks. In some of the feature articles the probabilistic risk modeling is the central focus, whereas impact and innovation, in the context of financial economics and actuarial science, is somewhat retained and left for future research. In other articles it is the other way around. Ideas and perceptions in financial markets are the driving force of the research but they do not necessarily rely on innov...
Environmental and Energy Policy and the Economy
This volume presents six new papers on environmental and energy economics and policy in the United States. Rebecca Davis, J. Scott Holladay, and Charles Sims analyze recent trends in and forecasts of coal-fired power plant retirements with and without new climate policy. Severin Borenstein and James Bushnell examine the efficiency of pricing for electricity, natural gas, and gasoline. James Archsmith, Erich Muehlegger, and David Rapson provide a prospective analysis of future pathways for electric vehicle adoption. Kenneth Gillingham considers the consequences of such pathways for the design of fuel vehicle economy standards. Frank Wolak investigates the long-term resource adequacy in wholesale electricity markets with significant intermittent renewables. Finally, Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, and Garth Heutel review the state of research on the interactions between business cycles and environmental policy.
Overshoot
A scathing critique of proposals to geoengineer our way out of climate disaster by the bestselling author of How to Blow Up a Pipeline It might soon be far too hot on this planet. What do we do then? In the era of "overshoot," schemes abound for turning down the heat–not now, but a few decades down the road. We’re being told that we can return to liveable temperatures by means of technologies for removing CO2 from the air or blocking incoming sunlight.If they even exist, such technologies are not safe. They come with immense uncertainties and risks. Worse, like magical promises of future redemption, they might provide reasons for continuing to emit in the present. But do they also hold s...
Wild Immunology—The Answers Are Out There
“Go into partnership with nature; she does more than half the work and asks none of the fee.” - Martin H. Fisher. Nature has undertaken an immense amount of work throughout evolution. The evolutionary process has provided a power of information that can address key questions such as - Which immune molecules and pathways are conserved across species? Which molecules and pathways are exploited by pathogens to cause disease? What methods can be broadly used or readily adapted for wild immunology? How does co-infection and exposure to a dynamic environment affect immunity? Section 1 addresses these questions through an evolutionary approach. Laboratory mice have been instrumental in dissecti...
Telephone Directory
Each issue includes a classified section on the organization of the Dept.
