Plausibly Exogenous [1289] - Carbon Policy (08/13/2023)
LHS Variable
Bank credit to greenhouse gas emitting firms
RHS Variable
Carbon pricing policy
Source of Exogenous Variation
Geographic restrictions inherent in California's cap-and-trade bill and a discontinuity in the embedded free permit threshold of the federal Waxman-Markey cap-and-trade bill
- Ivanov, Kruttli, and Watugala (2023), “Banking on Carbon: Corporate Lending and Cap-and-Trade Policy”