September 2023

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Post n°322
Published on 09/21/2023

By Claire Alestra, Gilbert Cette, Valérie Chouard and Rémy Lecat

How can technology help achieve the Paris Agreement goals of net zero emissions and limiting global warming? The Alestra et al. (2022) Advanced Climate Change Long-term Model (ACCL) is used to assess different scenarios of technological innovations and carbon taxation. Only a multi-lever strategy could reach the climate objectives.

Graph 1: Increase in temperature by 2100 in a Low Carbon Tax scenario without technology mix
Graph 1: Increase in temperature by 2100 in a Low Carbon Tax scenario without technology mix
Post n°321
Published on 09/15/2023

According to Milton Friedman, economics Nobel prize winner, “inflation is always and everywhere a monetary phenomenon”. This blog examines the French assignat debacle and hyperinflation (1795-96) and suggests that unsustainable public finances and fiscal dominance were the primary causes of an excessive increase in the money supply and hyperinflation.

Chart 1: Children playing with marks, 1923
Chart 1: Children playing with marks, 1923