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Environmental Policy Cycles.pdf

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Preview of Environmental Policy Cycles
🔗 Source: forum.dynare.org
📊 Size: 512 KB
👤 Author: Garth Heutel
⬇️ Downloads: 83

Summary

Environmental policy should respond to business cycles, allowing carbon emissions to be procyclical, increasing during expansions and decreasing during recessions, but with dampened procyclicality compared to the unregulated case, as optimal policy balances price and income effects, and the optimal emissions tax rate and quota are also procyclical, decreasing during recessions.

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Description

Environmental policy should respond to business cycles, allowing carbon emissions to be procyclical, increasing during expansions and decreasing during...

Technical Information

  • File Format: PDF
  • File Size: 512 KB
  • Pages: 21
  • Language: EN
  • Author: Garth Heutel
  • Total Downloads: 83
  • Last Updated: 3 weeks ago

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This PDF document about Environmental Policy Cycles provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Environmental Policy Cycles.

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