-induced disasters in distant output growth to quantify the social cost of carbon emissions. The model simultaneously matches the … projected temperature path, the observed consumption growth dynamics, discount rates provided by the risk-free rate and equity … growth implies a significant social cost of carbon emissions …

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model …-capita real output growth is adversely affected by persistent changes in the temperature above or below its historical norm, but … world real GDP per capita by 7.22 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the …

world. The goal of the present paper is to quantify the macro-level consequences of these micro-level shocks. Using an …

for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the … presumed growth benefits of financial integration. Indeed, a new literature proposes that the indirect benefits of financial …