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Business Cycles and Environmental Policy: Literature Review and Policy Implications / Barbara Annicchiarico, Stefano Carattini, Carolyn Fischer, Garth Heutel.
- Format:
- Book
- Author/Creator:
- Annicchiarico, Barbara.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29032.
- NBER working paper series no. w29032
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- We study the relationship between business cycles and the design and effects of environmental policies, particularly those with economy-wide significance like climate policies. First, we provide a brief review of the literature related to this topic, from initial explorations using real business cycle models to New Keynesian extensions, open-economy variations, and issues of monetary policy and financial regulations. Next, we provide a list of the main findings that emerge from this literature that are potentially most relevant to policymakers, including the impacts of policy on volatility and how to design policy to adjust to cycles. Finally, we propose several important remaining research questions.
- Notes:
- Print version record
- July 2021.
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