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What is optimal climate policy in an environment with inequality?  In "Unequal Climate Policy in an Unequal World," with Elisa Belfiori and Daniel Carroll, we develop a heterogeneous-agent, climate-macro model and show that constrained efficient policies involve a progressive carbon tax. When the carbon tax is restricted to be uniform, the constrained optimal carbon tax is lower than that obtained in a representative agent framework. We also study the climate and welfare consequences of these policies in a calibrated model.

I am a Principal Research Economist at the Federal Reserve Bank of Dallas. My research focuses on international economics and macroeconomics (Research | Google Scholar). I hold a B.A. in Economics and a B.A. in Political Science/International Relations from Yonsei University and a M.A. and a Ph.D. in Economics from the University of Minnesota.