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The Macroeconomic Impact of Europe’s Carbon Taxes

Metcalf, Gilbert E. - 2020

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

Tax Distortions and Global Climate Policy

Babiker, Mustafa H. - 2002

We consider the efficiency implications of policies to reduce global carbon emissions in a world with pre-existing tax … environmental taxes are returned in a lump sum fashion, need not hold in a world with multiple distortions. We then present a large …-scale computable general equilibrium model of the world economy with distortionary taxation. We use this model to evaluate a number of …

Persistent link: https://www.econbiz.de/10012469575

The Macroeconomic Effects of a Carbon Tax to Meet the U.S. Paris Agreement Target : The Role of Firm Creation and Technology Adoption

Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - National Bureau of Economic Research - 2021

We analyze the quantitative labor market and aggregate effects of a carbon tax in a framework with pollution externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of adjustment influenced by carbon taxes: (1) firm creation and (2)...

Persistent link: https://www.econbiz.de/10012533344

Five Myths About Carbon Pricing

Metcalf, Gilbert E. - National Bureau of Economic Research - 2023

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

Does the Indexing of Government Transfers Make Carbon Pricing Progressive?

Fullerton, Don - 2011

We analyze both the uses side and the sources side incidence of domestic climate policy using an analytical general equilibrium model, taking into account the degree of government program indexing. When transfer programs such as Social Security are explicitly indexed to inflation, higher energy...

Persistent link: https://www.econbiz.de/10012461889

Designing A Carbon Tax to Reduce U.S. Greenhouse Gas Emissions

Metcalf, Gilbert E. - 2008

This article describes a revenue and distributionally neutral approach to reducing U.S. greenhouse gas emissions that uses a carbon tax. The revenue from the carbon tax is used to finance an environmental earned income tax credit designed to be distributionally neutral. The credit is linked to...

Persistent link: https://www.econbiz.de/10012464272

Distributional Impacts of Carbon Pricing : A General Equilibrium Approach with Micro-Data for Households

Rausch, Sebastian - 2011

Many policies to limit greenhouse gas emissions have at their core efforts to put a price on carbon emissions. Carbon pricing impacts households both by raising the cost of carbon intensive products and by changing factor prices. A complete analysis requires taking both effects into account. The...

Persistent link: https://www.econbiz.de/10012461570

Behavioral and Distributional Effects of Environmental Policy Introduction

Carraro, Carlo - 2000

Persistent link: https://www.econbiz.de/10012471119

A Tax on Output of the Polluting Industry is Not a Tax on Pollution : The Importance of Hitting the Target

Fullerton, Don - 1999

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

Cursed Resources? Political Conditions and Oil Market Outcomes

Metcalf, Gilbert E. - 2010

understanding world oil markets …

Persistent link: https://www.econbiz.de/10012462043