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A real-business-cycle model with pollution and environmental taxation : the case of Bulgaria
Vasilev, Aleksandar - 2018
"environmental" output tax levied on the polluting firm's output, as well as the effect of government spending on pollution abatement … over the cycle. In particular, a positive shock to pollution emission in the model works like a positive technological …, but less so along the environmental dimension, so more research is needed to understand the aggregate effects of pollution. …
Persistent link: https://www.econbiz.de/10011860756
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A real-business-cycle model with pollution and environmental taxation : the case of Bulgaria
Vasilev, Aleksandar - 2018
environmental ("carbon") tax on polluting production, as well as the effect of government spending on pollution abatement over the … cycle. In particular, a positive shock to pollution emission in the model works like a positive technological shock, but its … effect is quantitatively very small. Allowing for pollution as a by-product of production improves the model performance …
Persistent link: https://www.econbiz.de/10011810786
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A real-business-cycle model with pollution and environmental taxation : the case of Bulgaria
Vasilevski, Aleksandar - In: Journal of environmental economics and policy 7 (2018) 4, pp. 441-451
Persistent link: https://www.econbiz.de/10012001259
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Optimal fiscal policy with environmental tax and abatement spending in a model with pollution and utility-enhancing environmental quality : the case of Bulgaria
Vasilev, Aleksandar - 2018
presence of pollution, and evaluated it relative to the exogenous (observed) one in Bulgaria, an economy with a largely …
Persistent link: https://www.econbiz.de/10011811776
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Optimal fiscal policy with environmental tax and pollution-abatement spending in a model with utility-enhancing environmental quality : lessons from Bulgaria
Vasilev, Aleksandar - 2018
presence of pollution, and evaluated it relative to the exogenous (observed) one in Bulgaria, an economy with a largely …
Persistent link: https://www.econbiz.de/10011926182
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Economic and environmental impacts of raising revenues for climate finance from public sources
Böhringer, Christoph; Schneider, Jan; Springmann, Marco - 2017
In response to anthropogenic climate change, developed countries have committed themselves to raise 100 billion USD a year from 2020 onwards for addressing the needs of developing countries. In this paper, we investigate the economic and CO2 emission impacts of four alternative options for...
Persistent link: https://www.econbiz.de/10011756838
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Cyclical asset returns in the consumption and investment goods sector : conference paper
Heer, Burkhard; Maußner, Alfred; Süssmuth, Bernd - 2014
We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost identically in the US economy. In order to derive the cyclical behavior of the equity returns in these two sectors, we onsider a standard two-sector real-business cycle model with...
Persistent link: https://www.econbiz.de/10010482490
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Heterogeneity in macroeconomics and the minimal econometricinterpretation for model comparison
Cozzi, Marco - 2014
This paper formally compares the fit of various versions of the incomplete markets model with aggregate uncertainty, relying on a simple Bayesian empirical framework. The models differ in the degree of households' heterogeneity, with a focus on the role of preferences. For every specification,...
Persistent link: https://www.econbiz.de/10010434845
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Climate-conscious monetary policy
Nakov, Anton; Thomas, Carlos - 2023
We study the implications of climate change and the associated mitigation measures for optimal monetary policy in a canonical New Keynesian model with climate externalities. Provided they are set at their socially optimal level, carbon taxes pose no trade-offs for monetary policy: it is both...
Persistent link: https://www.econbiz.de/10014376057
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Using energy and emissions taxation to finance labor tax reductions in a multi-sector economy : an assessment with EMuSe
Hinterlang, Natascha; Martin, Anika; Röhe, Oke; … - 2021
In this paper, we introduce a closed-economy version of the dynamicenvironmental multi-sector general equilibrium modelEMuSeto analyze the effects of financing a labor tax reduction through higher consumption, energy or emissions taxation.We find that, for sufficiently high environmental damage,...
Persistent link: https://www.econbiz.de/10012792725