Modelling employment effects of climate-fiscal policies, developing a dynamic MRIO price model
This project builds a global model to quantify short-term effects of climate-fiscal reforms on prices, economic structure, and labour market, including environmental taxation and revenue recycling policies. The modelling framework combines price- and quantity multiregional input-output models based on GTAP with econometrically estimated own and cross-price elasticities of sectors and households as well as substitution elasticities in international trade.
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Our figure of the month 05/2022: Strong increase in timber prices due to rising global demand, supply bottlenecks and trade embargoes
Forestry and sawmills benefit
After both raw wood prices and industrial producer prices for wood in Germany stagnated for years or declined from mid-2018 to the end of 2020, they have since…