Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy
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This paper illustrates that evaluating alternate abatement polices that affect the growth path of an economy on the basis of their effects on asset valuation may not be welfare enhancing. We show that the class of abatement polices considered in the integrated assessment literature are robust with
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美国国家经济研究局创建时间：
2013-06-01
