Business Cycles and Environmental Policy: Literature Review and Policy Implications

Barbara Annicchiarico (), Stefano Carattini, Carolyn Fischer and Garth Heutel

No 29032, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We study the relationship between business cycles and the design and effects of environmental policies, particularly those with economy-wide significance like climate policies. First, we provide a brief review of the literature related to this topic, from initial explorations using real business cycle models to New Keynesian extensions, open-economy variations, and issues of monetary policy and financial regulations. Next, we provide a list of the main findings that emerge from this literature that are potentially most relevant to policymakers, including the impacts of policy on volatility and how to design policy to adjust to cycles. Finally, we propose several important remaining research questions.

JEL-codes: E32 Q58 (search for similar items in EconPapers)
Date: 2021-07
New Economics Papers: this item is included in nep-cwa, nep-dge, nep-ene, nep-env, nep-isf and nep-mac
Note: EEE
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Citations: View citations in EconPapers (33)

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