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Carbon Tax, Subsidy, and Emission Reduction: Analysis Based on DSGE Model
Published 2020-01-01“…This paper aims to explore the impact of punitive carbon tax and incentive carbon emission reduction subsidy on economy and environment through the dynamic stochastic general equilibrium (DSGE) framework. The results show that both carbon tax and carbon emission reduction subsidy policies can help to reduce carbon emissions and to improve environment quality. …”
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Coordination Effects and Optimal Policy Choices of Macroprudential Policy and Monetary Policy
Published 2020-01-01“…Considering three monetary policy rules, together with two endogenous macroprudential policies that are credit constraints (loan to value, LTV) for households and counter-cyclical capital (capital requirement ratio, CRR) for bankers, this paper establishes a dynamic stochastic general equilibrium (DSGE) model. Based on the welfare analysis of different combinations of macroprudential rules and monetary policy rules, this paper identifies the optimal policy combinations and analyzes the coordination effects between macroprudential policies and monetary policies. …”
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New Environmental Protection Taxes in China from the Perspective of Environmental Economics
Published 2021-01-01“…This paper analyzes and predicts the effectiveness of these new environmental tax policies within the framework of a macroeconometric dynamic stochastic general equilibrium (DSGE) model. Bayesian estimation is applied to estimate dynamic parameters based on China’s macroeconomic data from 1978 to 2018. …”
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Port Environmental Quality or Economic Growth? Their Relevance and Government Preference in Developing Countries
Published 2021-01-01“…In this contribution, a dynamic stochastic general equilibrium model (DSGE) is constructed with the environmental constraints, and Bayesian estimation is used to calibrate the main parameters. …”
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Human Capital, Economic Growth and Environmental Quality with Special Emphasis on Public Education Expenditures: An Application of DSGE Models
Published 2024-12-01“…Methodology To achieve the goal of the research, a dynamic stochastic general equilibrium (DSGE) model and Bayesian approach have been used. …”
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