This doctoral thesis, organized in three self-contained chapters, provides an analysis of the economic effects associated with the extraction of natural resources and the transition from an economy based on fossil fuel use to an economy relying primarily on renewable energy sources. Chapter 1...

This dissertation investigates the optimal policy for reducing emissions on an aggregate level and in segregated sectors of the economy of the United States and Pakistan using the Dynamic Stochastic General Equilibrium model with New Keynesian assumptions. Three types of environmental policies...