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2 - Understanding Decarbonisation’s Short-Term Disruptions to Economic Activity

Published online by Cambridge University Press:  01 February 2024

Grégory Claeys ,
Marie Le Mouel ,
Simone Tagliapietra ,
Guntram B. Wolff  and
Georg Zachmann
Grégory Claeys
Affiliation:
Bruegel
Marie Le Mouel
Affiliation:
Bruegel
Simone Tagliapietra
Affiliation:
Bruegel
Guntram B. Wolff
Affiliation:
German Council on Foreign Relations
Georg Zachmann
Affiliation:
Bruegel
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Summary

This chapter discusses a different analytical framework used by economists to understand the short-run effects of climate policy: Dynamic Stochastic General Equilibrium models. It presents recent empirical findings in this area and describes the main lessons learned from these models.

Keywords

deep decarbonisationDynamic Stochastic General Equilibrium modelseconomic activityeconomic growth
Type
Chapter
Information
The Macroeconomics of Decarbonisation
Implications and Policies
 , pp. 43 - 70
Publisher: Cambridge University Press
Print publication year: 2024

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References

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