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BEGIN:VEVENT
DTSTAMP:20260413T043941Z
DTSTART;VALUE=DATE-TIME:20230309T140000
DTEND;VALUE=DATE-TIME:20230309T153000
SUMMARY:Macro/International Seminar - Diego Kaenzig (Northwestern)
TZID:Europe/London
UID:20230309-8a17841b855893810185787080d27749@warwick.ac.uk
CREATED:20230303T144035Z
DESCRIPTION:Title: The Unequal Economic Consequences of Carbon Pricing Ab
 stract: This paper studies how carbon pricing affects emissions\, econom
 ic aggregates and inequality. Exploiting institutional features of the E
 uropean carbon market and high-frequency data\, I identify a carbon poli
 cy shock. I find that a tighter carbon pricing regime leads to a signifi
 cant increase in energy prices\, a persistent fall in emissions and an u
 ptick in green innovation. This comes at the cost of a temporary fall in
  economic activity\, which is not borne equally across society: poorer h
 ouseholds lower their consumption significantly while richer households 
 are less affected. Not only are the poor more exposed because of their h
 igher energy share\, they also experience a larger fall in their income.
  These indirect\, general-equilibrium effects turn out to be quantitativ
 ely important. My results suggest that targeted fiscal policy can reduce
  the economic costs of carbon pricing without compromising emission redu
 ctions.
LOCATION:S2.79
CATEGORIES:Macro/International Seminar
LAST-MODIFIED:20230303T144035Z
ORGANIZER;CN=Gill Gudger:
END:VEVENT
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