business cycles

This article focuses on the relationship between the design of carbon pricing instruments and business cycle fluctuations. Read more

What is the optimal instrument design and choice for a regulator attempting to control emissions by private agents in face... Read more

Responsive cap-and-trade systems and carbon taxes can improve climate change policy by allowing higher greenhouse gas emissions during times of economic expansions and lower emissions during recessions. Read more

CO2 emissions and GDP move together over the business cycle. Most climate change researchers would agree with this statement despite the absence of a study that formally analyzes the relationship between emissions and GDP at business cycle frequencies. The paper provides a rigorous empirical analysis of this relationship in a comprehensive cross-country panel by decomposing the emissions and GDP series into their growth and cyclical components using the HP filter. Read more

Working Paper 116 Abstract This empirical paper focuses on the relationship between changes in GDP and CO2 emissions as a... Read more

Working Paper 78 Abstract CO2 emissions and GDP are positively correlated over the business cycle. Most climate change researchers would... Read more

Abstract This paper considers how environmental policies should respond to macroeconomic downturns. It first explores the implications of the global... Read more

Working Paper 16 Abstract We consider how environmental policies should respond to macroeconomic downturns. We first explore the implications of... Read more