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A Baseline DSGE model of Climate Change for Climate Policy Analysis

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  • Xu, Wenli

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.

Suggested Citation

  • Xu, Wenli, 2020. "A Baseline DSGE model of Climate Change for Climate Policy Analysis," MPRA Paper 109234, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:109234
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    References listed on IDEAS

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    1. Rozenberg, Julie & Vogt-Schilb, Adrien & Hallegatte, Stephane, 2020. "Instrument choice and stranded assets in the transition to clean capital," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
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    Keywords

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    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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