The Macroeconomic Impact of Europe's Carbon Taxest
成果类型：
Article
署名作者：
Metcalf, Gilbert E.; Stock, James H.
署名单位：
Tufts University; National Bureau of Economic Research; Harvard University; Harvard University
刊物名称：
AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
ISSN/ISSBN：
1945-7707
DOI：
10.1257/mac.20210052
发表日期：
2023
页码：
265-286
关键词：
摘要：
We estimate the macroeconomic impacts of carbon taxes on GDP and employment growth rates using 30 years of data on carbon tax-ation in various European countries. We find no evidence for a neg-ative impact on employment or GDP growth but rather find a zero to modest positive impact. We also find a cumulative emissions reduc-tion on the order of 4 to 6 percent for a $40/ton CO2 tax covering 30 percent of emissions. Reductions would likely be greater for a broad-based US carbon tax since European carbon taxes typically do not cover those sectors with the lowest marginal abatement costs.
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