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Article Dans Une Revue Macroeconomic Dynamics Année : 2012

A Note on Environmental Policy and Public Debt Stabilization

Résumé

This article analyzes the consequences of environmental tax policy under public debt stabilization constraint. A public sector of pollution abatement is financed by a tax on pollutant emissions and/or by public debt. At the same time, households can also invest in private pollution abatement activities. We show that the economy may be characterized by an environmental-poverty trap if debt is too large or public abatement is not sufficiently efficient with respect to the private one. However, there exists a level of public abatement and debt at which a stable steady state is optimal.
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Dates et versions

hal-01308390 , version 1 (27-04-2016)

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Mouez Fodha, Thomas Seegmuller. A Note on Environmental Policy and Public Debt Stabilization. Macroeconomic Dynamics, 2012, 16 (3), pp.477-492. ⟨10.1017/S1365100510000672⟩. ⟨hal-01308390⟩
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