To compete and thrive in the 21st century, democracies, and the United States in particular, must develop new national security and economic strategies that address the geopolitics of information. In the 20th century, market capitalist democracies geared infrastructure, energy, trade, and even social policy to protect and advance that era’s key source of power—manufacturing. In this century, democracies must better account for information geopolitics across all dimensions of domestic policy and national strategy.
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.”
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