Events at CERGE-EI
00:01 | For Study Applicants | ONLINE
Since December 1st till March 31 you can apply to our programs:
Master in Economic Research and PhD in Economics
Entry requirements are:
- BA or MA degree or equivalent
- Proficiency in spoken and written English
- Solid background in mathematics
- Previous education in economics is recommended
Your online application must content following documents:
- Curriculum vitae
- Statement of motivation
- Copies of your diplomas and transcripts
- Proof of English proficiency level
- Contact details for two (or max. three) referees
For more information please see sections: How to apply to MAER or How to apply to PhD
In case of any question, please do not hesitate to contact us at
or see the FAQ sections for MAER or Phd
14:00 | Macro Research Seminar
Stefan Wöhrmüller (University of Amsterdam) "Carbon taxation and precautionary savings"
University of Amsterdam, Netherlands
Join online: https://call.lifesizecloud.com/17360223 (password 6499)
Abstract: This paper asks how precautionary savings affect the level of the optimal carbon tax. I augment a heterogeneous-agent incomplete-markets model with a climate sector and estimate its structural parameters with indirect inference. As households in the model engage in precautionary saving behavior, it replicates a stylized fact from the data that the marginal propensity to consume pollution-intensive goods decreases with income. Therefore, the carbon tax and the redistribution of its revenue have distributional consequences. When recycling the revenue lump-sum, the optimal carbon tax also serves as an insurance device for the uninsurable idiosyncratic productivity shocks. As a consequence, the optimal tax is higher than what is required to internalize the negative climate externality.
