Macroeconomic Simulation of a Global Carbon Tax Shock I

Macroeconomic Simulation of a Global Carbon Tax Shock I

Kemar Whyte

Leading Economist on Carbon Tax Modelling

In this video, Kemar explores the effects of a rise in carbon tax accompanied by a temporary rise in global credit constraints. Kemar will guide you through the two key aspects of a carbon tax shock and the anticipated economic knock-on effects.

In this video, Kemar explores the effects of a rise in carbon tax accompanied by a temporary rise in global credit constraints. Kemar will guide you through the two key aspects of a carbon tax shock and the anticipated economic knock-on effects.

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Macroeconomic Simulation of a Global Carbon Tax Shock I

9 mins 38 secs

Overview

Climate change policies, such as carbon taxes and emissions trading schemes, have become key tools in limiting global temperature increases. The National Institute of Economic and Social Research analyses the macroeconomic impact of a carbon tax accompanied by a rise in credit constraints. NIESR models how in this scenario, lower GDP and higher inflation can be expected across all major economies.

Key learning objectives:

  • Identify two key scenarios modelled on a carbon tax shock

  • Understand the anticipated economic effects of carbon taxes

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Summary
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Expert
Kemar Whyte

Kemar Whyte

Kemar Whyte is a senior economist at the National Institute of Economic and Social Research, specialising in macroeconomic modeling and forecasting. His research interests include financial stability and macroprudential regulation and supervision as well as applied macroeconomics and economic policy. Prior to joining NIESR in 2019, I obtained a masters degree in Economics from the University of the West Indies and a Ph.D. in economics from The University of Sheffield.

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