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Marc Hafstead

​Marc Hafstead's research spans environmental and macroeconomics, with an emphasis on developing detailed dynamic general equilibrium models. Within environmental economics, he models the effects of alternative environmental policies such as carbon taxes, cap-and-trade programs, and clean energy standards in economies with multiple non-environmental frictions and distortions on key outcomes such as emissions reductions, welfare, and employment. Within the field of macroeconomics, his interests are focused on measuring the impact of micro-frictions on aggregate outcomes and the implications of those frictions on macroeconomic and monetary policy.

Featured Publications
Tax Reform and Environmental Policy: Options for Recycling Revenue from a Tax on Carbon Dioxide
Lawrence H. Goulder, Marc Hafstead
RFF Discussion Paper 13-31 | October 2013
A Numerical General Equilibrium Model for Evaluating U.S. Energy and Environmental Policies
Lawrence H. Goulder and Marc A.C. Hafstead
Stanford University | 10/04/13
Impacts of Alternative Emissions Allowance Allocation Methods Under a Federal Cap-and-Trade Program
Lawrence H. Goulder, Marc A.C. Hafstead, and Michael Dworsky
Journal of Environmental Economics and Management | November 2010 | Vol. 60, No. 3 | pp. 161-181.
The Aggregate Implications of Reducing Firing Costs in the Short and Long Run
Marc Hafstead
August 2013
Financial Shocks, Bank Intermediation, and Monetary Policy in a DSGE Model
Marc Hafstead and Josephine Smith
March 2012
View All Related Publications
How Do Environmental Policies Affect Jobs?
Wednesday, May 06, 2015
Retrospective Analysis of US Climate Policy
Thursday, September 19, 2013
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