Emissions Pricing Policies and Business Cycles: Fixed vs. Variable Tax Regimes
In: Australian Economic Review, Band 53, Heft 1, S. 76-92
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In: Australian Economic Review, Band 53, Heft 1, S. 76-92
SSRN
In: The Australian economic review, Band 53, Heft 1, S. 76-92
ISSN: 1467-8462
AbstractAs by‐products, emissions follow economic fluctuations. Ignoring this fact in environmental policies can lead to unexpected emissions fluctuations and an increase in intervention costs. Using a real business cycle model, we compare two policies: a fixed tax policy where the price is constant over time and a variable tax regime where the tax rate is set at the beginning of each period. We find that while both programs result in lower emissions, a variable tax regime is preferable since first, it can ensure that the maximum welfare is always achieved, and second, it is more effective in stabilising emissions.
In: International journal of academic research in business and social sciences: IJ-ARBSS, Band 7, Heft 4
ISSN: 2222-6990
SSRN
In: Post-communist economies, S. 1-18
ISSN: 1465-3958
In: Land use policy: the international journal covering all aspects of land use, Band 133, S. 106846
ISSN: 0264-8377