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New publication: The response of CO2 emissions to the business cycle: New evidence for the U.S.

Torben Klarl has published a paper about emissions elasticity with respect to GDP in the leading scientific journal for energy economics, Energy Economics.

Torben Klarl has published a paper about the response of CO2 emissions to the business cycle in the leading scientific journal for energy economics, Energy Economics. Using a rolling-regression approach and a Regime-Switching model the author finds evidence for a regime-dependent emission elasticity in the U.S.. This contribution provides important information for the estimation and calibration of so-called dynamic general equilibrium models in an environmental context, so-called environmental DSGE models.

 

This paper is a valuable contribution to the project Energy Revolution, Digitalization and Labor Markets: The impact on Growth and Distribution of the Diginomics Research Group.

 

This article is also available as discussion paper #1902 from the series Bremen Papers on Economics& Innovation by the Insitute for economic research and policy (ierp).

Link to the discussion paper: http://elib.suub.uni-bremen.de/edocs/00107732-1.pdf

 

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