Monday, March 4, 2024

"Toward a Green Economy: The Role of the Central Bank’s Asset Purchases∗"

So there I was, idly scrolling through the International Journal of Central Banking when it struck me: "I should start a blog!"*

From the IJCB:

We use a DSGE model to study the effectiveness of green-
asset purchases by the central bank (Green QE), along the
transition to a carbon-free economy driven by an emission tax.
In our baseline calibration, where green and brown goods are
imperfect substitutes, Green QE helps to further reduce emis-
sions, but the quantitative impact on pollution is small; the
effects become slightly larger if the purchases are carried out in
the early stage of the transition. The elasticity of substitution
between green and brown goods is a crucial parameter: if the
goods are imperfect complements, Green QE raises emissions.

....MUCH MORE (54 page PDF)

IJCB index

*Or maybe that was Jean-Paul Sartre:
Le Blog de Jean-Paul Sartre

From the New Yorker:
Saturday, 11 July, 1959: 2:07 A.M.
I am awake and alone at 2 A.M.
There must be a God. There cannot be a God.
I will start a blog....
It gets confusing at times.
If interested see also at Meyerweb:
Jean-Paul Sartre's Cooking Diary

October 3 -- Spoke with Camus today about my cookbook. Though he has never actually eaten, he gave me much encouragement. I rushed home immediately to begin work. How excited I am! I have begun my formula for a Denver omelet.

October 4 -- Still working on the omelet. There have been stumbling blocks. I keep creating omelets one after another, like soldiers marching into the sea, but each one seems empty, hollow, like stone. I want to create an omelet that expresses the meaninglessness of existence, and instead they taste like cheese. I look at them on the plate, but they do not look back. Tried eating them with the lights off. It did not help. Malraux suggested paprika.

October 6 -- I have realized that the traditional omelet form (eggs and cheese) is bourgeois. Today I tried making one out of cigarette, some coffee, and four tiny stones. I fed it to Malraux, who puked. I am encouraged, but my journey is still long....
And for the truly adventurous:
Using's Sartre's Critique of Dialectical Reason for Managerial Decision-Making

This paper will offer an alternative understanding of managerial decision-making drawing from Sartre’s Critique of Dialectical Reason rather than simply Being and Nothingness....MORE

Now where was I? Yes, the IJCB: