全球智库信息集成服务系统(G2TT): Pollution and Labor Market Search Externalities Over the Business Cycle

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w27445
来源ID	Working Paper 27445
	Pollution and Labor Market Search Externalities Over the Business Cycle
	John Gibson; Garth Heutel
发表日期	2020-06-29
出版年	2020
语种	英语
摘要	We study the relationship between unemployment, environmental policy, and business cycles. We develop a dynamic stochastic general equilibrium real business cycle model that includes both a pollution externality and congestion externalities from labor market search frictions, which generate unemployment. We consider two policies to address the market failures: an emissions tax and a tax or subsidy on job creation. With both policies present, the efficient outcome can be achieved. When one policy is constrained or absent, we solve for the second best. The absence of a vacancy policy to address the congestion externalities substantially affects the value of the emissions tax, both in steady state and over the business cycle.
主题	Macroeconomics ; Consumption and Investment ; Business Cycles ; Environmental and Resource Economics ; Environment
URL	https://www.nber.org/papers/w27445
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/585118
推荐引用方式 GB/T 7714	John Gibson,Garth Heutel. Pollution and Labor Market Search Externalities Over the Business Cycle. 2020.