| ID | 166576 |
| Title Proper | Crises and emissions |
| Other Title Information | new empirical evidence from a large sample |
| Language | ENG |
| Author | Jalles, Joao Tovar |
| Summary / Abstract (Note) | In this paper, we empirically assess by means of the local projection method, the impact of different types of financial crises on a variety of pollutant emissions categories for a sample of 86 countries between 1980 and 2012. We find that financial crises in general lead to a fall in CO2 and methane emissions. When hit by a debt crisis, a country experiences a rise in emissions stemming from either energy related activities or industrial processes. During periods of slack, financial crises in general had a positive impact on both methane and nitrous oxide emissions. If a financial crisis hit an economy when it was engaging in contractionary fiscal policies, this led to a negative response of CO2 and production-based emissions. |
| `In' analytical Note | Energy Policy , No.129; Jun 2019: p.880-895 |
| Journal Source | Energy Policy 2019-06 |
| Key Words | Pollution ; Impulse Response Functions ; Greenhouse Gases ; Recessions ; Local Projection Method ; Fiscal Expansions |