Environmental quality in many developing countries is poor and generates substantial
health and productivity costs. However, the few existing measures of marginal willingness to …

Since the spread of COVID-19 pandemic all over the world, a significant recession has
broken out with no precedent. China has brought up a new voluntary contribution target that …

We study the relationship between business cycles and the design and effects of
environmental policies, particularly those with economy-wide significance like climate …

We study climate and macroprudential policies in an economy with financial frictions. Using
a dynamic stochastic general equilibrium model featuring both a pollution market failure and …

Although the existing studies have paid much attention to the issue on the impacts of air
pollution on public health, they fail to consider the spatial spillover effect and externality of …

This paper studies the dynamic behavior of an economy under different environmental
policy regimes in a New Keynesian model with nominal and real uncertainty. We find the …

In macroeconomic models, the elasticity of substitution between clean and dirty energy
inputs within the energy aggregate is a central parameter in assessing the necessary …

The progress of agricultural green technology is an important means and fundamental way
to achieve high-quality development of agriculture. The current study takes the panel data of …

A carbon tax can induce innovation in green technologies. I evaluate the quantitative impact
of this channel in a dynamic, general equilibrium model with endogenous innovation in …

CO 2 emissions and GDP move together over the business cycle. Most climate change
researchers would agree with this statement despite the absence of a study that formally …