Pricing carbon and adjusting capital to fend off climate catastrophes

Pricing carbon and adjusting capital to fend off climate catastrophes

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The optimal reaction to a potential productivity shock as a consequence of climate tipping is to substantially tax carbon in order to curb the risk of tipping, but to adjust capital as well in order to smooth consumption when tipping occurs. We also allow for conventional marginal climate damages an...

書誌詳細
主要な著者:	van der Ploeg, F, de Zeeuw, A
フォーマット:	Journal article
出版事項:	Springer 2018

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