This dissertation investigates the optimal policy for reducing emissions on an aggregate level and in segregated sectors of the economy of the United States and Pakistan using the Dynamic Stochastic General Equilibrium model with New Keynesian assumptions. Three types of environmental policies...

"No major economy is more dependent on fossil fuel exports than Russia, yet it is unprepared for the global transition away from hydrocarbons. Thane Gustafson shows that as Russia's income shrinks, its economy will stagnate, even as global warming imposes growing costs on society. By mid-century...