While there exists numerous studies on the macroeconomic effects of oil and commodity shocks, the literature is quite silent on the impact of macroeconomic uncertainty on oil and commodity prices and, especially, on their volatility. This paper tackles this issue through the estimation of a...

We establish a two-sector model to simulate the potential effects of green fiscal policies and unconventional green monetary policy on the economy during a recovery or in case of a stimulus policy. We find that instruments such as carbon tax, implicit tax on brown loans, and subsidy for the...

Recently, the world economy is shifting toward green production and making a realeffort to reduce pollution to the planet. There is a strong tendancy that the worldeconomy reduces the usage of polluting resources such as petrol, and increases thedemand for clean resources such as the solar...

We establish a two-sector model to simulate the potential effects of green fiscal policies and unconventional green monetary policy on the economy during a recovery or in case of a stimulus policy. We find that instruments such as carbon tax, implicit tax on brown loans, and subsidy for the...

We establish a two-sector model to simulate the potential effects of green fiscalpolicies and unconventional green monetary policy on the economy during a recoveryor in case of a stimulus policy. We find that instruments such as carbon tax, implicittax on brown loans, and subsidy for the...