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DTSTART:20241027T030000
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UID:calendar.136496.field_date.0@www.tse-fr.eu
DTSTAMP:20260418T074307Z
CREATED:20250106T111001Z
DESCRIPTION:Marco Del Negro (Federal Reserve Bank of New York)\, “Is the Gr
 een Transition Inflationary?”\, Séminaire Banque de France\, February 13\,
  2025\, 11:30–12:30\, BDF\, Paris\, room Salle 3 Espace Conférences and on
 line.\n\nWe develop a multi-sector New Keynesian model to analyze the infl
 ationary effects of climate policies. Climate policies need not be inflati
 onary\, but can generate an inflation-output tradeoff whose size depends o
 n the relative flexibility of “dirty” sectors prices vis-à-vis the rest of
  the economy. A version of the model calibrated to U.S. input-output data 
 and sectoral heterogeneity in emissions and price stickiness matches the e
 mpirical responses to an energy shock of various CPI indexes well. It sugg
 ests that carbon taxes would have sizable inflationary implications if acc
 ommodated\, while containing their impact on inflation would lead to a pro
 longed contraction.
DTSTART;TZID=Europe/Paris:20250213T113000
DTEND;TZID=Europe/Paris:20250213T123000
LAST-MODIFIED:20250122T011001Z
LOCATION:February 13\, 2025\, 11:30–12:30\, BDF\, Paris\, room Salle 3 Espa
 ce Conférences and online
SUMMARY:Séminaire Banque de France
URL;TYPE=URI:https://www.tse-fr.eu/seminars/2025-green-transition-inflation
 ary
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