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Code for: The Fiscal Costs of Climate Change

Version
V0
Resource Type
Dataset : program source code
Creator
  • Barrage, Lint (U.C. Santa Barbara)
Publication Date
2020-08-26
Description
  • Abstract

    This paper explores the fiscal consequences of climate change. The analysis considers climate change impacts on (i) the cost of existing government services (e.g., disaster assistance) and (ii) the need for publicly provided anticipatory adaptation (e.g., sea walls). These channels are integrated into the COMET, a dynamic general equilibrium climate-economy model with distortionary taxation and government expenditures. The main result is that accounting for fiscal impacts may increase the welfare benefits of efficient climate policy by up to 30%. Business-as-usual climate change may necessitate increases in income tax rates and elevate the marginal cost of raising public funds.
Geographic Coverage
  • Global
Availability
Download
This study is freely available to the general public via web download.
Relations
  • Is supplement to
    DOI: 10.1257/pandp.20201082 (Text)
Publications
  • Barrage, Lint. “The Fiscal Costs of Climate Change.” AEA Papers and Proceedings 110 (May 2020): 107–12. https://doi.org/10.1257/pandp.20201082.
    • ID: 10.1257/pandp.20201082 (DOI)

Update Metadata: 2020-08-27 | Issue Number: 1 | Registration Date: 2020-08-27

Barrage, Lint (2020): Code for: The Fiscal Costs of Climate Change. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E120750