Carbon Tax, Subsidy, and Emission Reduction: Analysis Based on DSGE Model

Table 2

Bayesian estimation results of dynamic parameters.

Parameter	Prior distribution	Prior mean	Posterior mean	90% HPD interval
	Beta	0.6000	0.5986	[0.5612, 0.6332]
	Beta	0.6000	0.5987	[0.5693, 0.6330]
	Beta	0.6000	0.5953	[0.5648, 0.6296]
	Beta	0.6000	0.6002	[0.5737, 0.6323]
	Beta	0.6000	0.6098	[0.5786, 0.6452]
	Inv. Gamma	1.0000	0.8219	[0.4274, 1.3774]
	Inv. Gamma	1.0000	0.7857	[0.3166, 1.3662]
	Inv. Gamma	1.0000	0.7272	[0.2937, 1.1170]
	Inv. Gamma	1.0000	0.6747	[0.2580, 1.0403]
	Inv. Gamma	1.0000	0.4782	[0.3452, 0.6078]