This paper studies the macroeconomic effects of energy price shocks in energy-importing economies using a heterogeneous …-agent New Keynesian model. When MPCs are realistically large and the elasticity of substitution between energy and domestic … goods is realistically low, increases in energy prices depress real incomes and cause a recession, even if the central bank …

The COVID-19 pandemic as well as the Russian invasion of Ukraine have had profound effects on the global energy …

impact of wind energy development on local earnings and employment, by race, ethnicity, sex, and educational attainment. We … most sub-populations. We discuss implications for achieving equity goals within energy transition policies …

We provide a spatial theory of clean growth to assess the global impact of the rise of renewable energy. We model the … of energy in space. The local rate of clean energy adoption depends on learning-by-doing, the global electricity and …

gas emissions in the US. Home size is a key determinant of energy intensity. The average newly built single-family home is …

We investigate the short- and long-term effects of a natural gas boom in an economy where energy can be produced with … clean energy, which delays and can even permanently prevent the energy transition to zero carbon. We formalize and … quantitatively evaluate these forces using a benchmark model of directed technical change for the energy sector. Quantitatively, the …