Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336407 
Year of Publication: 
2024
Citation: 
[Journal:] Latin American Journal of Central Banking (LAJCB) [ISSN:] 2666-1438 [Volume:] 5 [Issue:] 3 [Article No.:] 100114 [Year:] 2024 [Pages:] 1-24
Publisher: 
Elsevier, Amsterdam
Abstract: 
This paper examines the impact of fiscal and monetary policies on carbon dioxide emissions in Trinidad and Tobago, using data from 1970 to 2020. We use a fiscal policy index based on government revenue and expenditure, a monetary policy index based on interest rates and reserve requirement data, and a Non-linear Autoregressive Distributed Lag technique. Our results show that expansionary fiscal policy raises emissions, while contractionary fiscal policy reduces emissions. Intriguingly, expansionary monetary policy increases emissions, while contractionary monetary policy lowers them. These findings hold significance for fiscal and monetary policymakers working on climate change mitigation strategies.
Subjects: 
Monetary policy
Fiscal policy
Carbon dioxide emissions
NARDL methodology
Cointegration
Energy consumption
JEL: 
E43
E63
E21
Q53
Q54
Q56
Q58
Q51
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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