Measuring the Macroeconomic Impact of Carbon Taxes

Autor:	Gilbert E. Metcalf, James H. Stock
Rok vydání:	2020
Předmět:	Carbon tax Environmental equity media_common.quotation_subject Employment growth chemistry.chemical_element General Medicine Monetary economics chemistry Unemployment Sustainability Economics Point estimation Carbon health care economics and organizations media_common
Zdroj:	AEA Papers and Proceedings. 110:101-106
ISSN:	2574-0776 2574-0768
DOI:	10.1257/pandp.20201081
Popis:	Policymakers often express concern about the impact of carbon taxes on employment or GDP. Using a new dataset on carbon tax rates, we estimate the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications and samples. Our point estimates suggest a zero to modest positive impact on GDP and total employment growth rates. More importantly, we find no robust evidence of a negative effect of the tax on employment or GDP growth. For the European experience at least, we find no support for the view that carbon taxes are job or growth killers.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::8f3d559d2a511768141aa8f0bdcf72cc https://doi.org/10.1257/pandp.20201081 Zobrazit plný text záznamu Plný text ve formátu PDF