Ramsey Monetary Policy and GHG Emission Control

Barbara Annicchiarico () and Fabio Di Dio ()

No 330, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: We study Ramsey monetary policy in a New Keynesian model embodying pollutant emissions and greenhouse gas emissions control policy. We find that the optimal response of inflation to technology shocks is crucially affected by the environmental regime adopted for emissions control.

Keywords: Monetary Policy; Ramsey Problem; GHG Emission Control Policy (search for similar items in EconPapers)
JEL-codes: E32 E52 Q58 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2014-09-24, Revised 2014-09-24
New Economics Papers: this item is included in nep-cba, nep-ene, nep-env, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:rtv:ceisrp:330

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