Researcher Profile

Professional headshot of Marc Hafstead

Marc Hafstead

Fellow and Director, Carbon Pricing Initiative

Topics of Interest

​Marc Hafstead's research spans environmental and macroeconomics, with an emphasis on developing detailed dynamic general equilibrium models. Within environmental economics, he models the effects of alternative environmental policies such as carbon taxes, cap-and-trade programs, and clean energy standards in economies with multiple non-environmental frictions and distortions on key outcomes such as emissions reductions, welfare, and employment. Within the field of macroeconomics, his interests are focused on measuring the impact of micro-frictions on aggregate outcomes and the implications of those frictions on macroeconomic and monetary policy.

Hafstead is in RFF’s Energy and Climate Program.


PhD in economics, Stanford University, 2011
BA in mathematical methods in the social sciences & economics, Northwestern University, 2004

Recent Work

See all work by Marc Hafstead