‘Good’ news: as expected, as real interest rates fall, so do SDR, increasing the social cost of carbon. (not novelty, ok, but monetary policy-makers explicitly acknowledging it seems to be good) Bad news: of course, it still seems to be higher than a normative SDR based on time-neutrality.
‘Good’ news: as expected, as real interest rates fall, so do SDR, increasing the social cost of carbon. (not novelty, ok, but monetary policy-makers explicitly acknowledging it seems to be good)
Bad news: of course, it still seems to be higher than a normative SDR based on time-neutrality.