A Baseline DSGE model of Climate Change for Climate Policy Analysis

Wenli Xu

MPRA Paper from University Library of Munich, Germany

Abstract: This note documents a DSGE model of Climate Change. I extend the NK model with geophisical variables, such as greenhouse gas emissions, the carbon cycle, radiative forcing, and climate change. In this model, I specify five different climate policy regimes: no policy, cap, intensive, tax, and mandate.

Keywords: DSGE; climate change; climate policy (search for similar items in EconPapers)
JEL-codes: E6 Q5 (search for similar items in EconPapers)
Date: 2020-09-26
New Economics Papers: this item is included in nep-dge, nep-ene, nep-env, nep-isf, nep-mac and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109234

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