The effects of oil shocks in inflation and growth have been widely discussed in the literature, however few have focused on the impact of...
The recent literature on fossil energy has already stated that oil is not perfectly substitutable to other inputs, considering fossil fuel as a critical...
We examine the efficiency of a subsidy to cattle farmers for setting aside land for natural ecosystem regeneration. We develop a partial equilibrium model of the cattle sector that integrates land use, greenhouse gas emissions, and animal feeding. We identify conditions under which the subsidy is the best alternative to these other second-best policies.
We study the macroeconomic impact of climate action policy that would allow France to reach its net zero objective by 2050. Contrary to the findings of a report commissioned by the French Prime Minister, our simulations show that these investments are likely to generate economic growth and reduce public debt.
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