We host different speakers at our Economic Theory & Policy Seminar. 

Upcoming topics and speakers will be posted below.

20. January 2025, 16:00 until 17:30

Economic Theory & Policy Seminar / Philipp Hochmuth (OeNB) / Distributional Consequences of Becoming Carbon Neutral

Seminar

Philipp Hochmuth will give a talk at our Economic Theory and Policy Seminar.

Philipp Hochmuth, opens an external URL in a new window (OeNB) 

“Distributional Consequences of Becoming Carbon Neutral”

This paper investigates the medium- and long-run welfare implications across the wealth and income distribution in a model economy that aims to become carbon neutral. The general equilibrium model features two agents with nonhomothetic preferences and energy is used in household consumption as well as a complementary input in production. Energy can be produced with a technology using fossil fuels or an emission-free technology. The introduction of a carbon tax achieves the necessary reduction in emissions and the economy transitions to a new carbon-neutral steady state. This experiment is comparable to the plan set out in the EU commission's Fit-for-55 package. The paper then analyzes the distributional consequences along the transition path and in the new steady state.

Calendar entry

Event location

TU Wien
1040 Vienna
Wiedner Hauptstr. 8-10, Seminarroom: DB04 (Freihaus Building, yellow area, 4th floor)

 

Organiser

ECON
Julia Hutter
julia.hutter@tuwien.ac.at

 

Public

Yes

 

Entrance fee

No

 

Registration required

No

Economic Theory & Policy Seminar / Philipp Hochmuth (OeNB) / Distributional Consequences of Becoming Carbon Neutral

Philipp Hochmuth will give a talk at our Economic Theory and Policy Seminar.

Philipp Hochmuth, opens an external URL in a new window (OeNB) 

“Distributional Consequences of Becoming Carbon Neutral”

This paper investigates the medium- and long-run welfare implications across the wealth and income distribution in a model economy that aims to become carbon neutral. The general equilibrium model features two agents with nonhomothetic preferences and energy is used in household consumption as well as a complementary input in production. Energy can be produced with a technology using fossil fuels or an emission-free technology. The introduction of a carbon tax achieves the necessary reduction in emissions and the economy transitions to a new carbon-neutral steady state. This experiment is comparable to the plan set out in the EU commission's Fit-for-55 package. The paper then analyzes the distributional consequences along the transition path and in the new steady state.