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greg mankiw

How about carbon tax or permit revenue?

February 14, 2010 by John Whitehead
with 199 views
2

Apparently, it is my weekend to pick on Greg Mankiw. Fortunately for him, that is like the mouse taking a swing at the cat (and the cat is a big one, not like Garfield big, all fat and lazy, but like a catamount, something with a "fierce spirit, savage attacks, and lightning quick moves"). Mankiw makes an excellent point this morning:... [read more]

Greg Mankiw's Blog: The Sorry State of Cap-and-Trade

February 2, 2010 by John Whitehead
with 109 views
0

As Donald Marron points out, "At a time of unsustainable deficits, deficit neutrality is a remarkably lame vision for climate policy."  He explains: Last year, President Obama proposed to raise $500 billion over ten years through a cap-and-trade system that would limit carbon emissions. This year his climate policy raises nothing... [read more]

Would you dump your current girlfriend, because she is not your "ideal hypothetical" girlfriend?*

December 7, 2009 by John Whitehead
with 132 views
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From Greg Mankiw's Blog:Club Member Ted Gayer makes five points:1. Either a carbon tax or a cap-and-trade program will result in substantially lower economic costs than command-and-control regulations that mandate technologies, fuels, or energy efficiency standards. 2. Given the uncertainty of the future costs of climate policy, a... [read more]

If at first you don't succeed ...

October 2, 2009 by John Whitehead
with 65 views
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Inspired by a series of comments (here and here), I'll try again to make my criticism of Mankiw's climate policy more clear. Mankiw points out that taxes distort economic behavior (no economist wants any part of that). Using a straightforward model he describes a policy to mitigate the distortion in the product market (the negative... [read more]

A Mere Annoyance - "A Missed Opportunity on Climate Change" in NYTimes

August 9, 2009 by RyanAvent
with 82 views
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I have to give Greg Mankiw credit. Since the last time he discussed the climate legislation making its way through the Congress (an effort with which I was none too pleased) he seems to have taken some of my criticisms to heart. In his column in today’s Times, he acknowledges that blame for many or most of the bill’s imperfections can... [read more]