Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/269108 
Erscheinungsjahr: 
2022
Schriftenreihe/Nr.: 
ECB Working Paper No. 2701
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
We develop a two-sector incomplete markets integrated assessment model to analyze the effectiveness of green quantitative easing (QE) in complementing fiscal policies for climate change mitigation. We model green QE through an outstanding stock of private assets held by a monetary authority and its portfolio allocation between a clean and a dirty sector of production. Green QE leads to a partial crowding out of private capital in the green sector and to a modest reduction of the global temperature by 0.04 degrees of Celsius until 2100. A moderate global carbon tax of 50 USD per tonne of carbon is 4 times more effective.
Schlagwörter: 
Climate Change
Integrated Assessment Model
2-Sector Model
Green Quantitative Easing
Carbon Taxation
JEL: 
E51
E62
Q54
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-92-899-5286-6
Dokumentart: 
Working Paper

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