Estimating bounds on the macroeconomic effects of the Clean Energy Future policy scenarios
The Clean Energy Future (CEF) is a partial equilibrium study in that it focuses specifically on markets for energy services. It is also important, however, to consider potential effects of the CEF policies on overall economic performance. The purpose of this paper is: (1) to provide a framework for interpreting the macroeconomic (or second-order) effects that might occur under the types of scenarios analyzed in the CEF, and (2) to obtain a range of estimates of these effects associated with the Moderate and Advanced scenarios as described in the CEF study. In this paper the authors consider results from both types of model in the context of the CEF study. The primary framework and calculations focus on the second meaning given above of the term macroeconomic and the associated CGE models, because these are appropriate for analysis on the time scales of the CEF, through 2010 or 2020. Because the Keynesian-style macroeconomic models are designed and suited for short-term forecasting, they also discuss the application of one such model to the analysis of the shorter-horizon effects of certain policies to reduce carbon emissions.
- Research Organization:
- Argonne National Lab., IL (US)
- Sponsoring Organization:
- US Department of Energy (US)
- DOE Contract Number:
- W-31109-ENG-38
- OSTI ID:
- 754485
- Report Number(s):
- ANL/DIS/CP-101491; TRN: AH200015%%59
- Resource Relation:
- Conference: Air & Waste Management 93rd Annual Conference, Salt Lake City, UT (US), 06/18/2000--06/22/2000; Other Information: PBD: 4 Apr 2000
- Country of Publication:
- United States
- Language:
- English
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