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The Unequal Economic Consequences of Carbon Pricing

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  1. is not listed on IDEAS
  2. Boto-García, David & Albert, Juan Francisco & Gómez-Fernández, Nerea, 2024. "Carbon price shocks and tourism demand," Annals of Tourism Research, Elsevier, vol. 108(C).
  3. Bettarelli, Luca & Furceri, Davide & Pisano, Loredana & Pizzuto, Pietro, 2025. "Greenflation: Empirical evidence using macro, regional and sectoral data," European Economic Review, Elsevier, vol. 174(C).
  4. Tobias Broer & John V. Kramer & Kurt Mitman, 2025. "The Distributional Effects of Oil Shocks," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(3), pages 851-889, September.
  5. Fields, Micah & Lindequist, David, 2024. "Global spillovers of US climate policy risk: Evidence from EU carbon emissions futures," Energy Economics, Elsevier, vol. 139(C).
  6. Cepni, Oguzhan & Gil-Alana, Luis A. & Gupta, Rangan & Polat, Onur, 2025. "Time-variation in the persistence of carbon price uncertainty: The role of carbon policy uncertainty," The Quarterly Review of Economics and Finance, Elsevier, vol. 102(C).
  7. Ferrari Minesso, Massimo & Pagliari, Maria Sole, 2023. "No country is an island. International cooperation and climate change," Journal of International Economics, Elsevier, vol. 145(C).
  8. Priftis, Romanos & Schoenle, Raphael, 2025. "Fiscal and macroprudential policies during an energy crisis," European Economic Review, Elsevier, vol. 179(C).
  9. Campiglio, Emanuele & Lamperti, Francesco & Terranova, Roberta, 2024. "Believe me when I say green! Heterogeneous expectations and climate policy uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 165(C).
  10. Ravaioli, Giacomo & Lamperti, Francesco & Roventini, Andrea & Domingos, Tiago, 2025. "Tackling emissions and inequality: policy insights from an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 237(C).
  11. Sager, Lutz, 2023. "The global consumer incidence of carbon pricing: Evidence from trade," Energy Economics, Elsevier, vol. 127(PB).
  12. Jonathon Hazell & Stephan Hobler, 2025. "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers 2505, Centre for Macroeconomics (CFM).
  13. Anaya Longaric, Pablo & Di Nino, Virginia & Kostakis, Vasileios, 2025. "The effects of the Emissions Trading System on European investment in the short run," Economic Bulletin Boxes, European Central Bank, vol. 8.
  14. Morão, Hugo, 2025. "The macroeconomic effects of climate policy uncertainty: Evidence from Portugal," The Journal of Economic Asymmetries, Elsevier, vol. 32(C).
  15. Finkelstein Shapiro, Alan & Nuguer, Victoria, 2026. "Climate policies, labor markets, and macroeconomic outcomes in emerging economies," Journal of Development Economics, Elsevier, vol. 182(C).
  16. Chafwehé, Boris & Colciago, Andrea & Priftis, Romanos, 2025. "Reallocation, productivity, and monetary policy in an energy crisis," European Economic Review, Elsevier, vol. 173(C).
  17. Jonathon Hazell & Stephan Hobler, 2024. "Do Deficits Cause Inflation? A High Frequency Narrative Approach," Discussion Papers 2439, Centre for Macroeconomics (CFM).
  18. Morão, Hugo, 2025. "The economic consequences of fertilizer supply shocks," Food Policy, Elsevier, vol. 133(C).
  19. Ascari, Guido & Colciago, Andrea & Haber, Timo & Wöhrmüller, Stefan, 2025. "Inequality along the European Green Transition," CEPR Discussion Papers 20006, Centre for Economic Policy Research.
  20. Fierro, Luca Eduardo & Martinoli, Mario, 2025. "An empirical inquiry into the distributional consequences of energy price shocks," Journal of International Money and Finance, Elsevier, vol. 159(C).
  21. van Dijk Herman K., 2024. "Challenges and Opportunities for Twenty First Century Bayesian Econometricians: A Personal View," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 28(2), pages 155-176, April.
  22. Diego R. Känzig & Maximilian Konradt, 2024. "Climate Policy and the Economy: Evidence from Europe’s Carbon Pricing Initiatives," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(3), pages 1081-1124, September.
  23. Michael D. Bauer & Eric A. Offner & Glenn D. Rudebusch, 2023. "The Effect of U.S. Climate Policy on Financial Markets: An Event Study of the Inflation Reduction Act," CESifo Working Paper Series 10739, CESifo.
  24. Leonard, Clara & Braun, Ben & Klooster, Jens van 't & Monnet, Eric, 2026. "Inflation, supply shocks and the case for a cautious and differentiated monetary policy response," LSE Research Online Documents on Economics 140409, London School of Economics and Political Science, LSE Library.
  25. Alfred Greiner & Bettina Bökemeier & Benjamin Owusu, 2025. "Climate change and economic growth: Evidence for European countries," American Journal of Economics and Sociology, Wiley Blackwell, vol. 84(2), pages 323-359, March.
  26. Pahle, Michael & Quemin, Simon & Osorio, Sebastian & Günther, Claudia & Pietzcker, Robert, 2025. "The emerging endgame: The EU ETS on the road towards climate neutrality," Resource and Energy Economics, Elsevier, vol. 81(C).
  27. Hensel, Jannik & Mangiante, Giacomo & Moretti, Luca, 2024. "Carbon pricing and inflation expectations: Evidence from France," Journal of Monetary Economics, Elsevier, vol. 147(C).
  28. Luca Fornaro & Veronica Guerrieri & Lucrezia Reichlin, 2025. "Monetary policy for the green transition," BIS Papers, Bank for International Settlements, number 160, November.
  29. D’Orazio, Paola & Pham, Anh-Duy & Nguyen, Son Hong, 2026. "When pandemics meet climate risk: An agent-based model of non-linear macroeconomic dynamics under compound stress," Journal of Economic Dynamics and Control, Elsevier, vol. 189(C).
  30. Cloé Garnache & Elisabeth Isaksen & Maria Nareklishvili, 2025. "Labor Market Impacts of the Green Transition: Evidence from a Contraction in the Oil Industry," CESifo Working Paper Series 12057, CESifo.
  31. Mangiante, Giacomo, 2024. "The geographic effects of carbon pricing," European Economic Review, Elsevier, vol. 168(C).
  32. Cristiana Tudor & Aura Girlovan & Robert Sova & Javier Sierra & Georgiana Roxana Stancu, 2025. "From Policy to Prices: How Carbon Markets Transmit Shocks Across Energy and Labor Systems," Energies, MDPI, vol. 18(15), pages 1-28, August.
  33. Fernandez, Viviana & Pastén-Henríquez, Boris & Tapia-Griñen, Pablo & Wagner, Rodrigo, 2023. "Commodity prices under the threat of operational disruptions: Labor strikes at copper mines," Journal of Commodity Markets, Elsevier, vol. 32(C).
  34. Zhu, Xiaoke & Liu, Weigang & Liu, Jian, 2025. "Does climate policy exacerbate spatial development inequality? Quasi-experimental evidence from China," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 120, pages 1-12.
  35. Gornemann, Nils & Hildebrand, Sebastian & Kuester, Keith, 2024. "Limited (energy) supply, monetary policy, and sunspots," European Economic Review, Elsevier, vol. 168(C).
  36. Kim, Yunsang & Melkadze, Givi, 2026. "Macroeconomic effects of carbon pricing: The role of bank credit," Journal of Economic Dynamics and Control, Elsevier, vol. 191(C).
  37. Celso Brunetti & Matteo Crosignani & Benjamin Dennis & Gurubala Kotta & Donald P. Morgan & Chaehee Shin & Ilknur Zer, 2024. "Climate-Related Financial Stability Risks for the United States: Methods and Applications," Economic Policy Review, Federal Reserve Bank of New York, vol. 30(1), pages 1-37, October.
  38. Corsello, Francesco & Riggi, Marianna, 2026. "Inflation is not equal for all: The heterogeneous effects of energy shocks," European Economic Review, Elsevier, vol. 187(C).
  39. Geiger, Martin & Güntner, Jochen, 2024. "The chronology of Brexit and UK monetary policy," Journal of Monetary Economics, Elsevier, vol. 142(C).
  40. Johannes Gallé & Rodrigo Oliveira & Daniel Overbeck & Nadine Riedel & Edson R. Severnini, 2026. "Carbon Taxation and Firm Behavior in Emerging Economies: Evidence from South Africa," CESifo Working Paper Series 12953, CESifo.
  41. Riccardo Degasperi & Tara Hamadi & Filippo Natoli & Valerio Nispi Landi & Kevin Pallara, 2026. "Forward guidance in climate policy," Temi di discussione (Economic working papers) 1540, Bank of Italy, Economic Research and International Relations Area.
  42. Le, Anh H., 2025. "Climate change and Carbon policy: A story of optimal green macroprudential and capital flow management," Energy Economics, Elsevier, vol. 146(C).
  43. Jiansong Xu, 2024. "The Role of Carbon Pricing in Food Inflation: Evidence from Canadian Provinces," Papers 2404.09467, arXiv.org, revised May 2024.
  44. Saroj Bhattarai & Arpita Chatterjee & Gautham Udupa, 2024. "Food, Fuel, and Facts: Distributional Effects of Global Price Shocks," CAMA Working Papers 2024-45, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  45. Øistein Røisland & Tommy Sveen & Ragnar Torvik, 2023. "The interplay between monetary and fiscal policy in a small open economy," Working Papers No 07/2023, Centre for Applied Macro- and Petroleum economics (CAMP), BI Norwegian Business School.
  46. Fong, Joelle H. & Ba, Yuhao & Chen, Zhe, 2025. "Who supports carbon pricing? Older adults’ financial literacy and attitudes toward carbon taxation," The Journal of the Economics of Ageing, Elsevier, vol. 32(C).
  47. Garcia, Pablo & Jacquinot, Pascal & Lenarčič, Črt & Mavromatis, Kostas & Papadopoulou, Niki & Silgado-Gómez, Edgar, 2026. "Green transition in the euro area: Domestic and global factors," European Economic Review, Elsevier, vol. 182(C).
  48. Matilde Faralli & Francesco Ruggiero, 2025. "The Rise of Climate Risks: Evidence from Firms' Expected Default Frequencies," Mercati, infrastrutture, sistemi di pagamento (Markets, Infrastructures, Payment Systems) 62, Bank of Italy, Directorate General for Markets and Payment System.
  49. Hinterlang, Natascha, 2024. "Different effects of carbon pricing and border adjustment in Germany and Spain," Economic Modelling, Elsevier, vol. 141(C).
  50. Albert, Juan-Francisco & Gómez-Fernández, Nerea, 2026. "Inequality effects of climate concern: Evidence from U.S. income and financial data," Finance Research Letters, Elsevier, vol. 97(C).
  51. Tobias Steindl & Florian Habermann & Stephan Küster, 2024. "Carbon disclosures and information asymmetry: Empirical evidence on the importance of text in understanding numerical emission allowance disclosures," Journal of Industrial Ecology, Yale University, vol. 28(6), pages 1883-1899, December.
  52. Morão, Hugo, 2025. "From carbon policy to consumer prices: The economic impact of carbon caps in the Euro Area," Energy Economics, Elsevier, vol. 143(C).
  53. Mahdi Fawaz & Donatella Gatti, 2025. "Social Unrest and Environmental Performance," Working Papers hal-05021482, HAL.
  54. Kilian, Lutz, 2024. "How to construct monthly VAR proxies based on daily surprises in futures markets," Journal of Economic Dynamics and Control, Elsevier, vol. 168(C).
  55. Reissl, Severin & Fierro, Luca E. & Lamperti, Francesco & Roventini, Andrea, 2025. "The DSK stock-flow consistent agent-based integrated assessment model," Ecological Economics, Elsevier, vol. 236(C).
  56. Nicolás Aguila & Joscha Wullweber, 2024. "Greener and cheaper: green monetary policy in the era of inflation and high interest rates," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 14(1), pages 39-60, March.
  57. Alessandro Ferrari & Valerio Nispi Landi, 2025. "Correction: Will the Green Transition be Inflationary? Expectations Matter," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 73(4), pages 1429-1429, December.
  58. Yoshihiko Hogen & Yojiro Ito & Kenji Kanai & Naoya Kishi, 2024. "Changes in the Global Economic Landscape and Issues for Japan's Economy," Bank of Japan Working Paper Series 24-E-3, Bank of Japan.
  59. Jaulín-Méndez, Oscar & Ramos, Andrey, 2026. "Becoming green: Decomposing the macroeconomic effects of green technology news shocks," Energy Economics, Elsevier, vol. 157(C).
  60. Morão, Hugo, 2024. "The impact of carbon policy news on the national energy industry," Energy Economics, Elsevier, vol. 134(C).
  61. Max Breitenlechner & Martin Geiger & Mathias Klein, 2024. "The Fiscal Channel of Monetary Policy," Working Papers 2024-07, Faculty of Economics and Statistics, Universität Innsbruck.
  62. Bettarelli, Luca & Furceri, Davide & Pizzuto, Pietro & Shakoor, Nadia, 2024. "Climate change policies and income inequality," Energy Policy, Elsevier, vol. 191(C).
  63. Terranova, Roberta & Cozzarini, Chiara & Reissl, Severin & Tavoni, Massimo, 2025. "Detecting speculation in the market for EU emission allowances," Energy Economics, Elsevier, vol. 148(C).
  64. Shi, Xiangyu & Wang, Chang, 2025. "Carbon emission trading and green transition in China: The perspective of input-output networks, firm dynamics, and heterogeneity," International Journal of Industrial Organization, Elsevier, vol. 100(C).
  65. Adrien Bilal & James H. Stock, 2025. "A Guide to Macroeconomics and Climate Change," NBER Working Papers 33567, National Bureau of Economic Research, Inc.
  66. Nerlich, Carolin & Köhler-Ulbrich, Petra & Andersson, Malin & Pasqua, Carlo & Abraham, Laurent & Bańkowski, Krzysztof & Emambakhsh, Tina & Ferrando, Annalisa & Grynberg, Charlotte & Groß, Johannes & H, 2025. "Investing in Europe’s green future - Green investment needs, outlook and obstacles to funding the gap," Occasional Paper Series 367, European Central Bank.
  67. Xiaoke Zhu & Qiyun Deng & Shuo Zhang, 2024. "Toward low-carbon transition: Does carbon regulation matter for spatial development inequality?," Economic Change and Restructuring, Springer, vol. 57(6), pages 1-29, December.
  68. Catalano, Michele & Di Domenico, Jacopo & Riccetti, Luca, 2026. "Testing climate NGFS scenarios through the lens of a large-scale ABM for the Italian economy," Energy Economics, Elsevier, vol. 161(C).
  69. repec:hal:cepnwp:hal-05021482 is not listed on IDEAS
  70. Albert, Juan-Francisco & Gómez-Fernández, Nerea & Boto-García, David, 2025. "Up in the air: How do carbon policy shocks affect air travel?," Transport Policy, Elsevier, vol. 168(C), pages 54-68.
  71. Angelico, Cristina, 2024. "The green transition and firms' expectations on future prices: Survey evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 221(C), pages 519-543.
  72. Severin Reissl & Luca E. Fierro & Francesco Lamperti & Andrea Roventini, 2024. "The DSK-SFC stock-flow consistent agent-based integrated assessment model," LEM Papers Series 2024/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  73. Philipp Heimberger & Andreas Lichtenberger & Anna Matzner & Bernhard Schütz & Lea Steininger, 2024. "Monthly Report No. 2/2024," wiiw Monthly Reports 2024-02, The Vienna Institute for International Economic Studies, wiiw.
  74. Shi, Shimeng & Zhai, Jia, 2024. "California carbon allowance futures," Finance Research Letters, Elsevier, vol. 70(C).
  75. Kremer, Elise & Reissl, Severin & Fierro, Luca E. & Emmerling, Johannes & Lamperti, Francesco & Roventini, Andrea, 2025. "Energy price shocks in the European Union: Macroeconomic impacts, distributional effects and policy responses," Energy Economics, Elsevier, vol. 152(C).
  76. Lackner, Teresa & Fierro, Luca E. & Mellacher, Patrick, 2025. "Opinion dynamics meet agent-based climate economics: An integrated analysis of carbon taxation," Journal of Economic Behavior & Organization, Elsevier, vol. 229(C).
  77. Shah, Syed Sadaqat Ali & Wu, Kai, 2025. "How effective are green spending multipliers? Eco-friendly vs non-eco-friendly spending in OECD economies," Energy Policy, Elsevier, vol. 204(C).
  78. Balázs Markó, 2026. "The Green Peace Dividend: The Effects of Militarisation on Emissions and the Green Transition," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 89(6), pages 1-37, June.
  79. Degasperi, Riccardo & Hamadi, Tara & Natoli, Filippo & Nispi Landi, Valerio & Pallara, Kevin, 2026. "Forward guidance in climate policy," European Economic Review, Elsevier, vol. 186(C).
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