This seminar investigates the oil market reaction to its fundamental shocks in different regimes characterised by uncertainty in the market.
This seminar will cover two papers. The first paper is on the optimal carbon tax with an endogenous chance of a tipping climate.The second paper is on optimal taxes for methane and carbon from a tipping risk.
This lecture will evaluate the nearly five decades of exchange-rate flexibility since 1973 through the prism of both Harry G Johnson and economists’ theories.
Some effects of a decreasing elasticity of substitution between clean and dirty energy on optimal climate policy
Using a climate model with endogenous technology, this seminar investigates the implications of a decreasing elasticity of substitution between clean and dirty energy as the share of clean energy rises.