| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28891 |
| 来源ID | Working Paper 28891 |
| On the Green Interest Rate. | |
| Nicholas Z. Muller | |
| 发表日期 | 2021-06-07 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper demonstrates how a central bank might operationalize an expanded role inclusive of managing risks from environmental pollution. The analysis introduces the green interest rate (rg) which depends on temporal changes in the pollution intensity of output. This policy instrument reallocates consumption from periods when output is pollution intensive to when output is cleaner. In economies on a cleaning-up path, rg exceeds r*. For those growing more polluted, rg is less than r*. In the U.S. economy from 1957 to 2016, rg exceeded r* by 50 basis points. Federal environmental policy reversed the orientation between rg and r*. |
| 主题 | Macroeconomics ; Consumption and Investment ; Money and Interest Rates ; Fiscal Policy ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w28891 |
| 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/586565 |
| 推荐引用方式 GB/T 7714 | Nicholas Z. Muller. On the Green Interest Rate.. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28891.pdf（431KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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