A Baseline DSGE model of Climate Change for Climate Policy Analysis

Xu, Wenli (2020): A Baseline DSGE model of Climate Change for Climate Policy Analysis.

Abstract

This note documents a DSGE model of Climate Change. I extend the NK model with geophisical variables, such as greenhouse gas emissions, the carbon cycle, radiative forcing, and climate change. In this model, I specify five different climate policy regimes: no policy, cap, intensive, tax, and mandate.

• Item Type: MPRA Paper
• Language: English
• Keywords: DSGE, climate change, climate policy
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics

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