Code for: The Fiscal Costs of Climate Change

Principal Investigator(s):  View help for Principal Investigator(s) Lint Barrage, U.C. Santa Barbara

Version:  View help for Version V1

Name File Type Size Last Modified
  COMET_Fiscal_Code_Barrage2020 08/24/2020 02:15:PM

Project Citation: 

Barrage, Lint. Code for: The Fiscal Costs of Climate Change. Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-08-26. https://doi.org/10.3886/E120750V1

Project Description

Summary:  View help for Summary 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.

Scope of Project

JEL Classification:  View help for JEL Classification
      E62 Fiscal Policy
      H60 National Budget, Deficit, and Debt: General
      Q54 Climate; Natural Disasters and Their Management; Global Warming
Geographic Coverage:  View help for Geographic Coverage Global
Data Type(s):  View help for Data Type(s) program source code


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V1 [2020-08-26]

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