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Policy makers often express concern about the impact of carbon taxes on employment and GDP. Focusing on European countries that have implemented carbon taxes over the past 30 years, we estimate the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications...
Persistent link: https://www.econbiz.de/10012481343
While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy makers and the public. In this paper I consider and refute five myths about carbon taxes: 1) that a carbon price will hurt economic...
Persistent link: https://www.econbiz.de/10014250122
We analyze the distributional and efficiency impacts of different allowance allocation schemes for a national cap and trade system using the USREP model, a new recursive dynamic computable general equilibrium model of the U.S. economy. We consider allocation schemes applied to a comprehensive...
Persistent link: https://www.econbiz.de/10012462601
bills in the longer-term challenge of reducing climate change risk. Simulations show that the 50% to 80% targets are …
Persistent link: https://www.econbiz.de/10012465477
Persistent link: https://www.econbiz.de/10012471119
We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...
Persistent link: https://www.econbiz.de/10012471531
understanding world oil markets …
Persistent link: https://www.econbiz.de/10012462043
Cap and trade systems are emerging as the front-running policy choice to address climate change concerns in many countries. One of the apparent attractions of this approach is the ability to achieve hard limits on emissions over a control period. The cost of achieving this certainty on emission...
Persistent link: https://www.econbiz.de/10012463525