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Seminar

The Macroeconomic Impact of Europe's Carbon Taxes

Open to the Public

Speaker: James H. Stock, Harold Hitchings Burbank Professor of Political Economy, Harvard University

Policymakers often express concern about the impact of carbon taxes on employment and GDP. Focusing on European countries that have implemented carbon taxes over the past thirty years, the speaker estimates the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications and samples. His point estimates suggest a zero to modest positive impact on GDP and total employment growth rates. More importantly, he finds no robust evidence of a negative effect of the tax on employment or GDP growth.

Registration is required. Please click here to register in advance for this webinar.

Date: Time: - Location: Online
Wind turbines on Vihreäsaari island in Oulu, 4 April 2012. In 1990, Finland became the first European country to enact carbon taxes.

About

James Stock
James Stock

Speaker: James H. Stock, Harold Hitchings Burbank Professor of Political Economy, Harvard University

Policymakers often express concern about the impact of carbon taxes on employment and GDP. Focusing on European countries that have implemented carbon taxes over the past thirty years, the speaker estimates the macroeconomic impacts of these taxes on GDP and employment growth rates for various specifications and samples. His point estimates suggest a zero to modest positive impact on GDP and total employment growth rates. More importantly, he finds no robust evidence of a negative effect of the tax on employment or GDP growth.

Stock's presentation is based on his co-authored paper with Professor Gilbert Metcalf of Tufts University, “The Macroeconomic Impact of Europe’s Carbon Taxes.”

Registration is required. Please click here to register in advance for this webinar.

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