Measuring the Macroeconomic Impact of Carbon Taxes

Using new data on European carbon taxes, Gilbert Metcalf and James Stock find that there is no robust evidence of a negative effect on employment or GDP growth from carbon pricing.

Journal Article in American Economic Review Papers and Proceedings by Gilbert Metcalf and James Stock — Jan. 16, 2020

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Authors

Gilbert E. Metcalf

University Fellow

James Stock

Harold Hitchings Burbank Professor of Political Economy, Harvard University