Moessner, Richhild - 2022
We study how carbon pricing has affected inflation ex-post, using dynamic panel estimation of New-Keynesian Phillips … curves for 35 OECD economies from 1995 to 2020. As carbon pricing we consider prices of emissions trading systems (ETS) and … carbon taxes. We find that an increase in prices of ETS by $10 per ton of CO2 equivalents increases energy CPI inflation by 0 …