Optimal carbon pricing in general equilibrium: temperature caps and stranded assets in an extended annual DSGE model
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and populat...
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| Médium: | Working paper |
| Jazyk: | English |
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University of Oxford
2021
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