Environmental Macroeconomics: Environmental Policy, Business Cycles, and Directed Technical Change
---- Acknowledgements -----
This paper was prepared for the Annual Review of Resource Economics. Support from the Mistra Foundation INDIGO Program and Gothenburg University is gratefully acknowledged. We thank Baran Doda, Ted Temzelides, and especially Kerry Smith for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.