Macroeconomic simulation of a global carbon tax shock I
Kemar Whyte
Leading Economist on Carbon Tax Modelling
In this video, Kemar explores the effects of a rise in carbon tax accompanied by a temporary rise in global credit constraints. Kemar will guide you through the two key aspects of a carbon tax shock and the anticipated economic knock-on effects.
In this video, Kemar explores the effects of a rise in carbon tax accompanied by a temporary rise in global credit constraints. Kemar will guide you through the two key aspects of a carbon tax shock and the anticipated economic knock-on effects.
Macroeconomic simulation of a global carbon tax shock I
9 mins 38 secs
Climate change policies, such as carbon taxes and emissions trading schemes, have become key tools in limiting global temperature increases. The National Institute of Economic and Social Research analyses the macroeconomic impact of a carbon tax accompanied by a rise in credit constraints. NIESR models how in this scenario, lower GDP and higher inflation can be expected across all major economies.
Key learning objectives:
Identify two key scenarios modelled on a carbon tax shock
Understand the anticipated economic effects of carbon taxes
