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Ramsey Monetary Policy and GHG Emission Control

15 Pages Posted: 26 Sep 2014  

Barbara Annicchiarico

University of Rome, Tor Vergata - Department of Economics and Finance

Fabio Di Dio

Sogei S.p.a.

Date Written: September 24, 2014

Abstract

We study Ramsey monetary policy in a New Keynesian model embodying pollutant emissions and greenhouse gas emissions control policy. We find that the optimal response of inflation to technology shocks is crucially affected by the environmental regime adopted for emissions control.

Keywords: Monetary Policy, Ramsey Problem, GHG Emission Control Policy.

JEL Classification: E32, E52, Q58.

Suggested Citation

Annicchiarico, Barbara and Di Dio, Fabio, Ramsey Monetary Policy and GHG Emission Control (September 24, 2014). CEIS Working Paper No. 330. Available at SSRN: https://ssrn.com/abstract=2500887 or http://dx.doi.org/10.2139/ssrn.2500887

Barbara Annicchiarico (Contact Author)

University of Rome, Tor Vergata - Department of Economics and Finance ( email )

Rome, I-00133
Italy

Fabio Di Dio

Sogei S.p.a. ( email )

Via Mario Carucci n. 99 e 85
Roma, 00143
Italy
+39068544 9092 (Phone)

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