Replication package for Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation

his replication package provides Matlab code to replicate the numerical example used in Section 4 of the article "Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation" in the Journal of Financial Econoimcs. Executing the code requires Matlab and plots Figure 1 in the main text and Figure 2 in the Internet Appendix.

To produce the figures in the paper, the code was executed using Matlab 2023b on a 2023 Macbook Pro.

Authors: Robin Döttling, Magdalena Rola-Janicka

Files:
- readme.txt
- solve_model.m

本复现包提供Matlab代码，用于复现《金融经济学杂志》（Journal of Financial Econoimcs）第4节论文《为庇古税所过度杠杆化：碳定价、融资约束与杠杆监管》（Too Levered for Pigou: Carbon Pricing, Financial Constraints, and Leverage Regulation）中所用的数值示例。运行该代码需依赖Matlab环境，可复现正文中的图1以及网络附录中的图2。

为生成论文中的图表，本代码于2023款MacBook Pro上通过Matlab 2023b运行完成。

作者：Robin Döttling、Magdalena Rola-Janicka

文件清单：
- readme.txt
- solve_model.m