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The previous chapter explored environmental policy and carbon taxation in a dynamic but deterministic framework. While this approach yielded valuable insights, real-world economies face constant uncertainty and random fluctuations that affect both economic outcomes and environmental policy. Productivity shocks, technological changes, and market disturbances create a complex stochastic environment that policymakers must navigate.

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Carbon Emissions in Real Business Cycles

  • 章节

  • 发表日期：

    2025年

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  • Ying Tung Chan,
  • Dayong Zhang

摘要

The previous chapter explored environmental policy and carbon taxation in a dynamic but deterministic framework. While this approach yielded valuable insights, real-world economies face constant uncertainty and random fluctuations that affect both economic outcomes and environmental policy. Productivity shocks, technological changes, and market disturbances create a complex stochastic environment that policymakers must navigate.