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This note documents a DSGE model of Climate Change. I extend the NK model with geophysical variables, such as greenhouse gas emissions, the carbon cycle, radiative forcing, and climate change. In this model, I specify five different climate policy regimes: no policy, cap, intensive, tax, and mandate
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English Abstract: Difference in Differences (DID) design is the most important causal identification method in the main contribution of the Nobel Prize in Economics in 2021 - natural experiment. And more and more researchers use the setting of staggered DID, but the recent DID econometric...
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