Journal Article

A Macroeconomic Perspective on Evaluating Environmental Regulations

Richard Rogerson

in Review of Environmental Economics and Policy

Published on behalf of Association of Environmental and Resource Economists

Volume 9, issue 2, pages 219-238
Published in print July 2015 | ISSN: 1750-6816
Published online July 2015 | e-ISSN: 1750-6824 | DOI: https://dx.doi.org/10.1093/reep/rev005
A Macroeconomic Perspective on Evaluating Environmental Regulations

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  • Environmental Economics
  • Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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This article examines how dynamic general equilibrium models and methods that are commonly used to evaluate macroeconomic policies can also be useful for evaluating the aggregate consequences of environmental regulations. I describe two macroeconomic models of interest that differ in the extent to which they incorporate heterogeneity and microeconomic detail. I illustrate how standard methods from macroeconomics can be applied in both models by considering calculations for a hypothetical environmental regulation.

Keywords: E6; Q5; macro effects of regulation; labor markets

Journal Article.  9720 words. 

Subjects: Environmental Economics ; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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