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This is an improved version of the SSRN Working Paper untitled "Environment, Health and Labor Market" which can be found here: "https://ssrn.com/abstract=2994662" https://ssrn.com/abstract=2994662.The paper re-examines the impact that an environmental tax has on people's health and on economic...
Persistent link: https://www.econbiz.de/10012822582
We re-examine the impact of environmental taxation on health and output, in the presence of labor market frictions. Our main findings are that matching process and wage bargaining introduce new channels of transmission of environmental taxation on the economy such that assuming perfect labor...
Persistent link: https://www.econbiz.de/10011672535
pose no trade-offs for monetary policy: it is both feasible and optimal to fully stabilize inflation and the welfare …
Persistent link: https://www.econbiz.de/10014376057
emissions when prices are sticky; (iv) the optimal policy response to inflation is found to be very strong as long as welfare is …
Persistent link: https://www.econbiz.de/10013075447
Persistent link: https://www.econbiz.de/10014478661
We re-examine the impact of environmental taxation on health and output, in the presence of labor market frictions. Our main findings are that matching process and wage bargaining introduce new channels of transmission of environmental taxation on the economy such that assuming perfect labor...
Persistent link: https://www.econbiz.de/10012853779
An updated version can be found here: "https://ssrn.com/abstract=3698071" https://ssrn.com/abstract=3698071.We re-examine the impact of environmental taxation on health and output, in the presence of labor market frictions. Our main findings are that matching process and wage bargaining...
Persistent link: https://www.econbiz.de/10012854102
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: firm creation and green...
Persistent link: https://www.econbiz.de/10013225863
response of the interest rate to changes in sectoral inflation due to standard supply shocks, conditional on a given … environmental policy. We then compare the performance of a nonstandard monetary rule with sectoral inflation targets to that of a … sectors. Second, compared with a standard Taylor rule targeting aggregate inflation, a monetary policy rule with asymmetric …
Persistent link: https://www.econbiz.de/10014636978
The macroeconomic effects of climate-related events and climate policies depend on the interaction between demand- and supply-type of shocks that those events and policies imply. Using a panel of 24 OECD countries for the sample 1990-2019 and a standard macroeconomic framework, the paper tests...
Persistent link: https://www.econbiz.de/10012648889