Add to ORKGThe tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages, steady labour-augmenting technical progress, specific green technical progress driven by learning by doing, population growth, and a direct effect of the stock of atmospheric carbon on instantaneous welfare. We characterize the social optimum and derive simple rule for both the optimal carbon tax and the renewable energy subsidy, and characterize the optimal amount of untapped fossil fuel
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using...
The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are d...
Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecke...
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to all...
A simple rule for the optimal global price of carbon is presented, which captures the geophysical, e...
We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externality-through climate...
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to all...
Optimal climate policy is investigated in a Ramsey growth model of the global economy with exhaustib...
The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logari...
This paper combines the theory of optimal extraction of exhaustible resources with the theory of gre...
This paper combines the theory of optimal extraction of exhaustible resources with the theory of gre...
In a calibrated integrated assessment model of Ramsey growth and climate change in the global econom...
In a calibrated integrated assessment model of Ramsey growth and climate change in the global econom...
AbstractA stylised analytical framework is used to show how the global carbon tax and the amount of ...
A stylised analytical framework is used to show how the global carbon tax and the amount of untapped...
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using...
The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are d...
Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecke...
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to all...
A simple rule for the optimal global price of carbon is presented, which captures the geophysical, e...
We analyze a dynamic stochastic general-equilibrium (DSGE) model with an externality-through climate...
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to all...
Optimal climate policy is investigated in a Ramsey growth model of the global economy with exhaustib...
The optimal social cost of carbon is in general equilibrium proportional to GDP if utility is logari...
This paper combines the theory of optimal extraction of exhaustible resources with the theory of gre...
This paper combines the theory of optimal extraction of exhaustible resources with the theory of gre...
In a calibrated integrated assessment model of Ramsey growth and climate change in the global econom...
In a calibrated integrated assessment model of Ramsey growth and climate change in the global econom...
AbstractA stylised analytical framework is used to show how the global carbon tax and the amount of ...
A stylised analytical framework is used to show how the global carbon tax and the amount of untapped...
We study the effects of greenhouse gas emissions on optimum growth and environmental policy by using...
The optimal extraction path of fossil fuels and the corresponding corrective tax on extraction are d...
Standard-Nutzungsbedingungen: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecke...