01736cas a2200253 a 4500 AALejournalIMF000617 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849431 1018-5941 BD-DhAAL BD-DhAAL Gandhi, Ved. Carbon Taxes : Their Macroeconomic Effects and Prospects for Global Adoption; A Survey of the Literature / Ved Gandhi, Javier Cuervo. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize the effects of the tax on economic growth through an efficient recycling of tax revenues and on equity through the adoption of appropriate mitigating or compensating measures. To eliminate the worry about the loss of competitiveness, the paper suggests an international agreement on a coordinated adoption of the tax. Mode of access: Internet Cuervo, Javier. IMF Working Papers; Working Paper ; No. 1998/073 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/073/001.1998.issue-073-en.xml IMF e-Library