TFP

U.S. Department of Energy Selects LS Power's SWIP-North Project for the Transmission Facilitation Program

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Giovedì, Aprile 25, 2024

SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").

Key Points: 
  • SWIP-North will also extend to Idaho the benefits of transmission lines developed earlier by LS Power that have served Nevada and the California Independent System Operator ("CAISO").
  • The concept of an inter-regional transmission project spanning multiple states originated in the 1980s, with LS Power acquiring rights to the project in 2005.
  • "Enhancing grid reliability and providing access to clean energy resources are top priorities for LS Power.
  • In December 2023, GBT was selected as part of CAISO's 2022-2023 Transmission Plan to develop, permit, finance, construct, own, operate and maintain the SWIP-North Project.

Monetary asmmetries without (and with) price stickiness

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Venerdì, Aprile 19, 2024
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Key Points: 

    Unlocking efficiency: optimal monetary policy when capital misallocation matters

    Retrieved on: 
    Venerdì, Aprile 19, 2024

    While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.

    Key Points: 
    • While “misallocation of capital” and its detrimental impact on productivity is traditionally beyond the scope of central banks, monetary policy can influence it through firms’ investment decisions.
    • Using a New Keynesian model and granular data on Spanish firms, our results show that expansionary monetary policy reduces capital misallocation.

    California Wildfire Innovation Fund Delivers Sustainable Forestry Solutions

    Retrieved on: 
    Giovedì, Febbraio 29, 2024

    WALNUT CREEK, Calif., Feb. 29, 2024 /PRNewswire/ -- At the one-year anniversary of CSAA Insurance Group's announcement of a $25M investment in the California Wildfire Innovation Fund, several notable initiatives supported by the fund are underway to realize the stated goals of climate resilience and economic growth:

    Key Points: 
    • "We are pleased that our investment in the California Wildfire Innovation Fund is significantly advancing our commitment to forest resiliency," said Chief Risk Officer Jeff Huebner.
    • The California Wildfire Innovation Fund is managed by Blue Forest Asset Management, and targets emerging investment opportunities in forest restoration, wood utilization, and wildfire mitigation.
    • "We are excited about the California Wildfire Innovation Fund's initial portfolio of high-impact forest restoration investments," said Blue Forest CEO Zach Knight.
    • For more information about the California Wildfire Innovation Fund and Blue Forest Asset Management, visit www.blueforest.org .

    Managing the transition to central bank digital currency

    Retrieved on: 
    Mercoledì, Febbraio 14, 2024

    Key Points: 

      Assessing the macroeconomic effects of climate change transition policies

      Retrieved on: 
      Venerdì, Febbraio 9, 2024

      This box assesses the impact on euro area real GDP and inflation of green fiscal discretionary measures as included in the December 2023 Eurosystem staff macroeconomic projections.

      Key Points: 
      • This box assesses the impact on euro area real GDP and inflation of green fiscal discretionary measures as included in the December 2023 Eurosystem staff macroeconomic projections.
      • These simulations suggest modest downside risks to GDP and upside risks to inflation from transition policies to achieve EU targets, but the effects depend on the transition policy mix.

      The effect of new housing supply in structural models: a forecasting performance evaluation

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      Domenica, Febbraio 4, 2024
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      Key Points: 

        Cognizant Impact Study Predicts Generative AI Could Inject $1 Trillion Into U.S. Economy Over 10 Years

        Retrieved on: 
        Mercoledì, Gennaio 10, 2024

        TEANECK, N.J., Jan. 10, 2024 /PRNewswire/ -- In partnership with Oxford Economics, Cognizant (NASDAQ: CTSH) today revealed findings from its new economic impact study New Work, New World, which predicted that 90% of jobs will be disrupted in some way by generative AI (gen AI), setting the stage for a profound shift in how we approach work, productivity and economic growth. The study also found that the technology's impact will be influenced by the rate of business adoption and how quickly individuals can adapt to new ways of working.

        Key Points: 
        • "Our study aims to lift the curtain on the effects generative AI may have on our global workforce," said Adrian Cooper, CEO at Oxford Economics.
        • Generative AI offers the potential to improve operational efficiency, create new revenue streams, innovate products and services, and ultimately redefine businesses.
        • To quantify generative AI's potential impact on productivity and the future of work, Cognizant partnered with Oxford Economics to create an economic model that explores three scenarios of U.S. businesses' generative AI adoption.
        • This model considered 18,000 tasks that drive the U.S. economy, and carefully examines the impact Generative AI may have on the jobs that ladder up to these tasks.

        Cognizant Impact Study Predicts Generative AI Could Inject $1 Trillion Into U.S. Economy Over 10 Years

        Retrieved on: 
        Mercoledì, Gennaio 10, 2024

        TEANECK, N.J., Jan. 10, 2024 /PRNewswire/ -- In partnership with Oxford Economics, Cognizant (NASDAQ: CTSH) today revealed findings from its new economic impact study New Work, New World, which predicted that 90% of jobs will be disrupted in some way by generative AI (gen AI), setting the stage for a profound shift in how we approach work, productivity and economic growth. The study also found that the technology's impact will be influenced by the rate of business adoption and how quickly individuals can adapt to new ways of working.

        Key Points: 
        • Cognizant & Oxford Economics impact study predicts 90% of jobs will be disrupted in some way by generative AI.
        • Generative AI offers the potential to improve operational efficiency, create new revenue streams, innovate products and services, and ultimately redefine businesses.
        • To quantify generative AI's potential impact on productivity and the future of work, Cognizant partnered with Oxford Economics to create an economic model that explores three scenarios of U.S. businesses' generative AI adoption.
        • This model considered 18,000 tasks that drive the U.S. economy, and carefully examines the impact Generative AI may have on the jobs that ladder up to these tasks.