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Carbon taxation and inflation | VOX, CEPR Policy Portal


Armon Rezai, Rick van der Ploeg
Recently the CEO of Black Rock, Larry Fink, made headlines by predicting that climate policies could lead to a large inflation shock.
1 This is of first order importance for all central banks, in particular in light of the ECBs’ new strategy focus on climate risks. Will a secular increase in the price of carbon (and carbon equivalents) put upward pressure on the price level? How large is this effect likely to be? How much does this effect depend on the reaction of monetary policy? Should central banks take such risks into account in their strategies?  ....

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Marriage market sorting, labour market sorting, and inequality


Sandra Black, Alexandra Spitz-Oener
Progress in closing gender gaps has been made, but women around the world still earn less than men in the labour market (Ciminelli and Schwellnus 2021, Sánchez-Mangas and Sanchez-Marcos 2020, Bøler et al. 2015). At the same time, income inequality across households has increased in recent decades (Greenwood et al. 2014 and 2016). 
A growing literature studies the link between labour market choices and gender earnings gaps, particularly the effects of lower labour force participation and fewer hours worked by women (Adda et al. 2017, Goldin 2014, Cortés and Pan 2019). Furthermore, positive sorting in the labour market – the fact that more skilled workers are employed in more demanding jobs and work for more productive firms – has been shown to fuel wage inequality (Lindenlaub 2017). Other areas of research have shown that positive sorting in the marriage market – the fact that similarly educated individuals tend to marry each o ....

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Dr. Matthew Weinzierl | The Space Show


Dr. Matthew Weinzierl
Matt Weinzierl is the Joseph and Jacqueline Elbling Professor of Business Administration in the Business, Government, and the International Economy Unit at Harvard Business School and a Research Associate at the National Bureau of Economic Research.  His research focuses on the optimal design of economic policy, in particular taxation, with an emphasis on better understanding the philosophical principles underlying policy choices. Recently, he has launched a set of research projects focused on the commercialization of the space sector and its economic implications. He also serves on the editorial boards of
Social Choice and Welfare and
National Tax Journal. Prior to completing his PhD in economics at Harvard University in 2008, Professor Weinzierl served as the Staff Economist for Macroeconomics on the President’s Council of Economic Advisers and worked in the New York office of McKinsey & Company.   ....

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