costly: policy design matters. First, only market-based CCPs (such as emission taxes) generate negative effects on popular …

Background paper prepared for the October 2020 IMF World Economic Outlook. This paper provides a detailed presentation … of the simulation results from the October 2020 IMF World Economic Outlook chapter 3 and an additional scenario with … carbon pricing only for comparison with the comprehensive policy package where green investments were also included. This …

transition. But their powers should not be overestimated. Their diagnostic and policy toolkits are still in their infancy. They … should not risk being caught again in the role of 'the only game in town.' …

mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment … control vector is also five-dimensional. Our solutions are characterized by turnpike property and the optimal policy that …

political acceptability, and do not worsen, or could help alleviate, budgetary pressures. Domestically, a fiscal policy package …

ambitious objectives with the current policy framework will be challenging as it involves multiple and overlapping pricing …

the policy change, and were driven by individually significant marginal effects of both market-based policies - such as … technologies. From a policy point of view, the paper's results call for strong policy efforts to decisively shift innovation …