The Environmental Impacts and Optimal Environmental Policies of Macroeconomic Uncertainty Shocks: A Dynamic Model Approach
The existing literature on carbon policy analysis in a random environment focuses on the existence of the level (first-moment) shocks, whereas recent research emphasized the nonnegligible impact of uncertainty (second-moment) shocks on macroeconomy. This paper studies the impact of uncertainty (seco...
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| Format: | Article |
| Language: | English |
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MDPI AG
2019-09-01
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| Series: | Sustainability |
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| Online Access: | https://www.mdpi.com/2071-1050/11/18/4993 |