Publication:

Carbon pricing and inflation expectations: evidence from France

Date

Date

Date
2023
Working Paper

Citations

Citation copied

Hensel, J., Mangiante, G., & Moretti, L. (2023). Carbon pricing and inflation expectations: evidence from France (No. 434; Working Paper Series / Department of Economics).

Abstract

Abstract

Abstract

This paper studies the impact of carbon pricing on firms’ inflation expectations and discusses the potential implications for what constitutes the core of most central banks’ mandate: price stability. Carbon policy shocks are identified from high-frequency changes in carbon futures price around regulatory events. The shock series is combined with French firm-level survey data. We document that a change in the price of carbon increases firms’ inflation expectations. We then investigate how firms’ business conditions are affected by car

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115 since deposited on 2023-04-21
Acq. date: 2025-11-12

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112 since deposited on 2023-04-21
Acq. date: 2025-11-12

Citations

Additional indexing

Creators (Authors)

  • Hensel, Jannik
  • Mangiante, Giacomo
  • Moretti, Luca

Series Name

Series Name

Series Name
Working paper series / Department of Economics

Institution

Institution

Institution

Item Type

Item Type

Item Type
Working Paper

Dewey Decimal Classifikation

Dewey Decimal Classifikation

Dewey Decimal Classifikation

JEL Classification

JEL Classification

JEL Classification
E31
E52
E58
Q43
Q54

Keywords

Climate policies, carbon pricing, inflation expectations, monetary policy, survey data

Scope

Scope

Scope
Discipline-based scholarship (basic research)

Language

Language

Language
English

Publication date

Publication date

Publication date
2023-04

Date available

Date available

Date available
2023-04-21

Number of pages

Number of pages

Number of pages
27

ISSN or e-ISSN

ISSN or e-ISSN

ISSN or e-ISSN
1664-7041

Additional Information

Additional Information

Additional Information
Auch publiziert als URPP Equality of Opportunity Discussion Paper No. 53.

OA Status

OA Status

OA Status
Green

Other Identification Number

Other Identification Number

Other Identification Number
merlin-id:23647

Metrics

Downloads

115 since deposited on 2023-04-21
Acq. date: 2025-11-12

Views

112 since deposited on 2023-04-21
Acq. date: 2025-11-12

Citations

Citations

Citation copied

Hensel, J., Mangiante, G., & Moretti, L. (2023). Carbon pricing and inflation expectations: evidence from France (No. 434; Working Paper Series / Department of Economics).

Green Open Access
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