Global | Descifrando el impacto de los precios del carbono en la macroeconomía

Global | Unraveling the impact of a carbon price shock on macroeconomic variables

Joxe Mari Barrutiabengoa, Agustín García, Rodrigo Falbo and Juan Rubio

No 25/04, Working Papers from BBVA Bank, Economic Research Department

Abstract: This study analyzes the macroeconomic effects of carbon price shocks (EU-ETS) via a SVAR with Narrative Sign Restrictions. Facilitating identification and isolating shocks from demand factors, results indicate a stronger economic impact than previous carbon policy studies, but milder than recent works focused on the EU-ETS. This study analyzes the macroeconomic effects of carbon price shocks (EU-ETS) via a SVAR with Narrative Sign Restrictions. Facilitating identification and isolating shocks from demand factors, results indicate a stronger economic impact than previous carbon policy studies, but milder than recent works focused on the EU-ETS.

Keywords: Greenhose Gas Emissions; Emisiones de gases de efecto invernadero; EU-ETS; EU-ETS; SVAR; SVAR; GDP; PIB; European economy; economía europea; Global; Global; Europe; Europa; Macroeconomic Analysis; Análisis Macroeconómico; Energy and Commodities; Energía y Materias Primas; Climate Sustainability; Sostenibilidad Climática; Working Paper; Documento de Trabajo (search for similar items in EconPapers)
JEL-codes: C32 E32 E52 F44 Q54 Q58 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2025-04
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Persistent link: https://EconPapers.repec.org/RePEc:bbv:wpaper:2504

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