Frankovic, Ivan; Kolb, Benedikt - 2023
We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low-carbon … disclosure in isolation has limited effects, it proves most beneficial in connection with higher carbon taxes: Improving … disclosure by 20 percentage points reduces GDP costs of a carbon tax by 13%. For a carbon tax increase of 50 euro/ton CO2, this …