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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

Tax Policies for Low-Carbon Technologies

Metcalf, Gilbert E. - 2009

I conclude with some observations on the use of price-based instruments. In particular I discuss how a carbon tax could be designed to achieve environmental goals of emission caps over a control period

Persistent link: https://www.econbiz.de/10012463596

Analysis of U.S. Greenhouse Gas Tax Proposals

Metcalf, Gilbert E. - 2008

The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of...

Persistent link: https://www.econbiz.de/10012464666

Using Tax Expenditures to Achieve Energy Policy Goals

Metcalf, Gilbert E. - 2008

Tax expenditures are a major source of support for energy related activities in the federal budget exceeding direct budget support for energy by a factor of nearly six. Focusing on the policy goals of reducing greenhouse gas emissions and petroleum consumption, I find these tax expenditures...

Persistent link: https://www.econbiz.de/10012464894

The Impact of Removing Tax Preferences for U.S. Oil and Natural Gas Production : Measuring Tax Subsidies by an Equivalent Price Impact Approach

Metcalf, Gilbert E. - 2016

This paper presents a novel methodology for estimating impacts on domestic supply of oil and natural gas arising from changes in the tax treatment of oil and gas production. It corrects a downward bias when the ratio of aggregate tax expenditures to domestic production is used to measure the...

Persistent link: https://www.econbiz.de/10012456142

Does Better Information Lead to Better Choices? Evidence from Energy-Efficiency Labels

Davis, Lucas W. - 2014

Information provision is a key element of government energy-efficiency policy, but the information that is provided is often too coarse to allow consumers to make efficient decisions. An important example is the ubiquitous yellow "EnergyGuide" label, which is required by law to be displayed on...

Persistent link: https://www.econbiz.de/10012457946

Behavioral and Distributional Effects of Environmental Policy Introduction

Carraro, Carlo - 2000

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