Optimal Taxes on Fossil Fuel in General Equilibrium

Mikhail Golosov, John Hassler, Per Krusell, Aleh Tsyvinski

NBER Working Paper No. 17348
Issued in August 2011

---- Acknowledgements -----

We thank Bill Nordhaus, Jonas Nycander, Tony Smith, Sjak Smulders, and seminar participants at ESSIM, EIEF, EUI, IIES, Mistra-SWECIA, Yale, UCL, CREI, the Environmental Macro Conference at ASU, the EEA Annual Meeting (Glasgow), Fudan University (Shanghai), the Chinese University of Hong Kong, Bonn, Zurich, Carlos III, and REDg DGEM (Barcelona). Golosov and Tsyvinski thank NSF for support and EIEF for their hospitality; Krusell thanks ERC and Mistra-SWECIA for support and Hassler thanks Mistra-SWECIA and the Swedish Research Council for support. Tsyvinski acknowledges relationships with the National Science Foundation, Einaudi Institute of Economics and Finance, Guggenheim Memorial Fellowship. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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