Emissions targets and the real business cycle: Intensity targets versus caps or taxes

By C. Fischer, Michael R. Springborn. 2011

324 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/d839eab351b34fe855a30014b3190e47a245b6c1

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Citations in the corpus

Optimal Dynamic Carbon Taxes in a Climate–Economy Model with Distortionary Fiscal Policy (2019, background): “Finally, consider the fossil fuel producer’s optimality condition (53),”
GHG Emissions Control and Monetary Policy (2017, background): “(Fischer and Springborn 2011; Annicchiarico and Di Dio 2015; Ganelli and Tervala 2011; Dissou and Karnizova 2016) Related Literature III Some findings: I Ramsey environmental tax and quota procyclical I cap policy leads to lower volatility of economic variables than does the tax policy I intensity…”
Environmental Policy and Macroeconomic Dynamics in a New Keynesian Model (2013, unknown): “It should be noted that the positive performance of the intensity target under flexible price is consistent with the results obtained by Fischer and Springborn (2011) in a RBC model, despite the different way in which emissions are modelled. In addition, our analysis confirms that a cap-and-trade po”
Evidence on business cycles and CO2 emissions (2014, methodology): “Whether policy intervention is optimal or not cannot be evaluated in Fischer and Springborn [15] because damages from emissions are not modeled.”
Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change (2013, methodology): “Fischer and Springborn (2011) compare how three types of emissions policies perform in an economy with TFP shocks: an emissions tax, an emissions cap, and an intensity target (a limit on emissions per unit of output).”
Emissions Cap or Emissions Tax? A Multi-sector Business Cycle Analysis (2016, background): “Fischer and Springborn (2011), denoted by FS (2011) hereafter, compare the cap, the tax and the intensity target in a dynamic stochastic general 1The European Union’s Emissions Trading Scheme and the Regional Greenhouse Gas Initiative program in the U.”