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Fiscal Policy and Transition Risk

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NBER2026-05-01 更新2026-05-19 收录
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https://www.nber.org/papers/w35202
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资源简介:
We study how climate policy can interact with distortionary fiscal policy and potentially lead to transition risk. Using an environmental dynamic stochastic general equilibrium model that features financial frictions and preexisting labor and capital taxes, we simulate a carbon tax and an abatement
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2026-05-01
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