English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The energy transition requires the implementation of various policy instruments (carbon prices, subventions, etc.) which in turn affect the macroeconomic output. For this reason, a sound macroeconomic assessment of the impact of this policy is needed. This assessment is not straightforward. First, the macroeconomic evaluation of the consequences of action versus inaction as regards climate change turns out to be very difficult. Still, macroeconomic analysts are more at ease when they try to analyze the macroeconomic consequences of certain policies compared with others. These consequences will strongly depend on the functioning of the economy, its institutions, its rigidities etc. It is thus almost an empirical question and macroeconomic models can be very useful in this respect. In the case of climate change policies, some key aspects of macroeconomic models must be emphasized, notably sound equilibrium mechanisms, an accurate description of financing capacities, or the impact of technological progress. In practice, different macroeconomic models often lead to very different evaluation of the impact of energy transition policies, which illustrate how crucial certain macroeconomic mechanisms are. Classification JEL: E17, Q01, Q54, Q56.

L'analyse macroéconomique de la transition énergétique : difficile mais indispensable