Arbeitspapier
Is the green transition inflationary?
We develop a two-sector New Keynesian model to analyze the inflationary effects of climate policies. Climate policies do not force a central bank to tolerate higher inflation, but may generate a tradeoff between the central bank's objectives for inflation and real activity. The presence and size of this tradeoff depends on how flexible prices are in the "dirty" and "green" sectors relative to the rest of the economy, and on whether climate policies consist of taxes or subsidies.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 1053
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Price Level; Inflation; Deflation
Monetary Policy
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
green transition
inflation
central bank's tradeoffs
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Del Negro, Marco
Di Giovanni, Julian
Dogra, Keshav
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Del Negro, Marco
- Di Giovanni, Julian
- Dogra, Keshav
- Federal Reserve Bank of New York
Entstanden
- 2023
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