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

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

Wenli Xu (Contact Author)

Anhui University ( email )

China

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
409
Abstract Views
1,095
Rank
131,804
PlumX Metrics