dc.contributor.author | Kapfhammer, Felix | |
dc.date.accessioned | 2023-02-23T14:17:29Z | |
dc.date.available | 2023-02-23T14:17:29Z | |
dc.date.issued | 2023-01 | |
dc.identifier.issn | 1892-2198 | |
dc.identifier.uri | https://hdl.handle.net/11250/3053679 | |
dc.description.abstract | This paper studies the economic consequences of carbon taxes at the macroeconomic and sectoral level. I propose a novel monthly measure of effective carbon tax rates, which, in contrast to the measures used by the existing literature, accounts for the time-varying emission coverage of taxes that are both explicitly and implicitly levied on greenhouse gas-emitting goods. Employing the new measure for four Nordic countries, I find that effective carbon taxes reduce emissions as expected but also decrease macroeconomic and sectoral activity - though there is some heterogeneity in the effects within and across the Nordic countries. | en_US |
dc.language.iso | eng | en_US |
dc.relation.ispartofseries | CAMP Working Paper Series;01/2023 | |
dc.subject | carbon tax | en_US |
dc.subject | carbon pricing | en_US |
dc.subject | climate policy | en_US |
dc.subject | emissions | en_US |
dc.subject | macroeconomy | en_US |
dc.subject | economic sectors | en_US |
dc.title | The Economic Consequences of Effective Carbon Taxes | en_US |
dc.type | Working paper | en_US |
dc.source.pagenumber | 69 | en_US |