A Baseline DSGE model of Climate Change for Climate Policy Analysis
14 Pages Posted: 23 Aug 2021
Date Written: August 21, 2021
Abstract
This note documents a DSGE model of Climate Change. I extend the NK model with geophysical 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.
Keywords: DSGE, climate change, climate policy
JEL Classification: E6, Q5
Suggested Citation: Suggested Citation
Xu, Wenli, A Baseline DSGE model of Climate Change for Climate Policy Analysis (August 21, 2021). Available at SSRN: https://ssrn.com/abstract=3909042 or http://dx.doi.org/10.2139/ssrn.3909042
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