Grodecka, Anna; Kuralbayeva, Karlygash - Grantham Research Institute on Climate Change and the … - 2015
emission), since the damages from climate change are relatively flat. On the other hand, another recent piece of academic … climate change externality and distortionary fiscal policy. First, we find that in an infinitely flexible control environment …, the carbon tax fluctuates very little and is approximately constant, whilst emissions fluctuate a great deal in response …