| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP17324 |
| DP17324 Climate Change Mitigation: How Effective is Green Quantitative Easing? | |
| Raphael Abiry; Alexander Ludwig; Carolin Nerlich | |
| 发表日期 | 2022-07-08 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We develop a two sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and its portfolio allocation between a clean and a dirty sector of production. Green QE leads to a partial crowding out of private capital in the green sector and to a modest reduction of the global temperature by 0.04 degrees of Celsius until 2100. A moderate global carbon tax of 50 USD per tonne of carbon is 4 times more effective. |
| 主题 | Macroeconomics and Growth ; Monetary Economics and Fluctuations |
| 关键词 | Climate change Integrated assessment model 2-sector model Green quantitative easing Carbon taxation |
| URL | https://cepr.org/publications/dp17324-2 |
| 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/546537 |
| 推荐引用方式 GB/T 7714 | Raphael Abiry,Alexander Ludwig,Carolin Nerlich. DP17324 Climate Change Mitigation: How Effective is Green Quantitative Easing?. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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