Fagnart, Jean-François; Germain, Marc - In: Recherches économiques de Louvain 80 (2014) 1, pp. 31-60
We introduce the concept of carbon footprint into an aggregate demand and supply model with imperfectly competitive price and wage formation. We analyse the properties of the short-term macroeconomic equilibrium in the presence of a climate policy, which may take the form either of a carbon tax...
