Journal
ENVIRONMENTAL & RESOURCE ECONOMICS
Volume 67, Issue 4, Pages 823-851Publisher
SPRINGER
DOI: 10.1007/s10640-016-0007-5
Keywords
GHG emissions control policy; Monetary policy; Ramsey problem
Categories
Ask authors/readers for more resources
This paper examines the optimal environmental and monetary policy mix in a New Keynesian model embodying pollutant emissions, abatement technology and environmental damage. The optimal response of the economy to productivity shocks is shown to depend crucially on the instruments policy makers have available, the intensity of the distortions they have to address (i.e. imperfect competition, costly price adjustment and negative environmental externality) and the way they interact.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available