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Very rigorous look at green energy transitition. We managed to go down the Acemoglu 2012 path of "incentivize innovation so green catches frontier on costs then let private sector run down cost curve" rather than "tax production", with wildly better welfare results.
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Jon Steinsson
@JonSteinsson
Costas Arkolakis and @Conor_A_Walsh have an exciting new paper on the macro effects of clean power. They predict dramatically lower electricity prices by 2040 and that this will raise wages by 2-3%. Energy transition will be a boon not a drag!
brookings.edu/wp-content/upl
