| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10292 |
| DP10292 Intergenerational inequality aversion, growth and the role of damages: Occam?s rule for the global carbon tax | |
| Frederick van der Ploeg; Armon Rezai | |
| 发表日期 | 2014-12-07 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We use the Euler equation to put forward a back-on-the-envelope rule for the global carbon tax based on a two-box carbon cycle with temperature lag, and a constant elasticity of marginal damages with respect to GDP. This tax falls with time impatience and intergenerational inequality aversion and rises with population growth and prudence. It also falls with growth in living standards if inequality aversion is large enough or marginal damages do not react much to GDP. It rises in proportion with GDP if marginal climate damages are proportional to output and has a flat time profile if they are additive. The rule also allows for mean reversion in climate damages. The rule closely approximates the true optimum for our IAM of Ramsey growth, scarce fossil fuel, energy transitions and stranded assets despite it using the more complicated DICE carbon cycle and temperature modules. The simple rule gets close to the social optimum even if damages are much more convex than in DICE. |
| 主题 | International Macroeconomics |
| 关键词 | Simple rule Scc Ramsey growth Optimal energy transitions Stranded assets Intergenerational inequality aversion Climate damage specification |
| URL | https://cepr.org/publications/dp10292 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539124 |
| 推荐引用方式 GB/T 7714 | Frederick van der Ploeg,Armon Rezai. DP10292 Intergenerational inequality aversion, growth and the role of damages: Occam?s rule for the global carbon tax. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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