dimensions of climate policy are not systematically interlinked in the new European Commission, and there is little strategic …With the Green Deal, the European Union (EU) has not only significantly increased the ambition of its climate policy in … external dimension and achieve a meaningful advancement of European climate policy. …

This study examines the relation between climate policy uncertainty (CPU) and corporate tax avoidance. Using a novel … sheltering. Further analysis suggests that the cash savings from lower tax payments are used to pay dividends and not re … measure of CPU, we document that CPU is negatively related to effective taxes rates for both contemporary and future years …

policy objectives and instruments to address new and emerging issues such as supply chain restructuring and reshoring …, climate change, and currency undervaluation. To this end subsidies have been playing a particularly important role, and are … foreign countries (hereinafter “foreign subsidies”); (ii) green subsidies for climate change mitigation; and (iii) subsidies …

We investigate how irreversibility in "dirty" and "clean" capital stocks affects optimal climate policy, from both … renewable subsidies deliver higher welfare when policy is more mild. … theoretical and numerical perspectives. An increasing carbon tax will reduce investments in assets that pollute, and so reduce …

model, or (iii) the policy authority itself does not trust the extant scientific climate model and fears the worst. These …In a Ramsey policy regime, heterogeneity in beliefs about the potential costs of climate change is shown to produce … policy ambiguities that alter carbon prices and taxation. Three sources of ambiguity are considered: (i) the private sector …

This paper contributes to mitigating the debate on whether carbon taxes have positive or negative effects on climate … change by presenting an investigation on the relationship between carbon taxes and renewable energy consumption. Taking … both short and long runs, based on a dataset of 39 economies covering 1991-2019. Our findings suggest that in the short run …

explains to the public the reasons for, and the consequences of, his or her policy decisions. Official cash rate 16 The … prices, capital, wage rates, and levels of profits; and that in the long run monetary policy has little or no effect on the … in excess of the supply of the goods and services available. Whether we have inflation in New Zealand or not, therefore …

through macroprudential policies - taxes or subsidies on banks' assets. Then, we explore efficient climate and macroprudential … transition risk - whether ambitious climate policy can lead to macroeconomic instability. It can, but the risk can be alleviated …We study climate and macroprudential policies in an economy with financial frictions. Using a dynamic stochastic …