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Expecting the Unexpected: Macroeconomic Volatility and Climate Policy image

Expecting the Unexpected: Macroeconomic Volatility and Climate Policy

In this paper we examine the effects of unanticipated macroeconomic shocks to growth in developing countries or a global financial crisis on the performance of three climate policy regimes: a globally-harmonized carbon tax; a global cap and trade system; and the McKibbin-Wilcoxen hybrid.

Publication website ( PDF - www.brookings.edu )

Author(s)Warwick J. McKibbin, Adele Morris and Peter J. Wilcoxen
PublisherThe Brookings Institution
Place publishedWashington DC
Date / Journal Vol No.2008 / Global Working Paper No. 25
Pages46
 

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