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model (S-IAM), this paper predicts that a carbon tax introduced by the European Union (EU) and rebated locally can, if not …-agricultural core and by incentivizing immigration to the EU. The resulting change in the spatial distribution of economic activity …
Persistent link: https://www.econbiz.de/10013462726
We study local carbon policy to address the consequences of climate change. Standard analysis suggests that the social cost of carbon determines optimal carbon policy. We start by using the spatial integrated assessment model in Cruz and Rossi-Hansberg (2021) to measure the local social monetary...
Persistent link: https://www.econbiz.de/10013210055