taking political action, one might hope that particularly unusual climate events might provide an impetus to increased action …, we analyze features promoting support for policies addressing climate change. Several of the parameter estimates that …

optimal carbon tax in a stochastic dynamic programming implementation of an integrated assessment model of climate change. We … derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes …

quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding …

World income grows fast without verifiable climate-change impacts on the economy. The growth spell can end if climate … impacts turn real but this can take decades to learn. We develop a tractable stochastic climate-economy model with a hidden … carbon. Taking a dataset of estimates for the social cost as a representation of beliefs, we assess how robust climate …

This paper introduces geoengineering into an optimal control model of climate change economics. Together with … mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different … characteristics have important implications for climate policy. We show in the context of our model that: (i) the optimal carbon tax …

We provide ex-post empirical analysis of the effects of climate policies on carbon dioxide emissions at the aggregate … national level. Our results are based on a comprehensive database of 121 countries. As climate policies we examine carbon taxes … and emissions trading systems (ETS), as well as the overall stringency of climate policies. We use dynamic panel …

We show that several of the most important economic models of climate change produce climate dynamics inconsistent with … the current crop of models in climate science. First, most economic models exhibit far too long a delay between an impulse … represented, different climate models result in significantly different optimal CO2 emissions. A long delay between emissions and …

the world imposes a climate policy and the rest of the world does not. A climate policy in one region shifts activities …We derive the optimal unilateral policy in a general equilibrium model of trade and climate change where one region of … expand the reach of the climate policy. We calibrate and simulate the model to illustrate how the optimal policy compares to …

emission certificate regulation, and we consider the impact of changes in EU climate policy on the rest of the world as well as … implemented, the low carbon countries will prefer a lower carbon price, i.e. laxer climate policy at the EU level, than before the … reform. For high carbon countries the opposite is true. As a result, EU climate policy becomes less ambitious and less …