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Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies

Nordhaus, William D. - 2016

Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...

Persistent link: https://www.econbiz.de/10012455747

Will the Paris Accord Accelerate Climate Change?

Kotlikoff, Laurence J. - 2016

Finally we question the standard use of infinitely-lived, single-agent models, which assume, unrealistically, intergenerational altruism in determining optimal abatement policy. Their prescriptions can differ, potentially dramatically, from those needed to correct the negative climate...

Persistent link: https://www.econbiz.de/10012455949

Global Melting? The Economics of Disintegration of the Greenland Ice Sheet

Nordhaus, William D. - 2018

Concerns about the impact on large-scale earth systems have taken center stage in the scientific and economic analysis of climate change. The present study analyzes the economic impact of a potential disintegration of the Greenland Ice Sheet (GIS). The method is to combine a small geophysical...

Persistent link: https://www.econbiz.de/10012453079

Fiscal Policy in the Age of COVID : Does it ‘Get in all of the Cracks?'

Gourinchas, Pierre-Olivier; Kalemli-Ozcan, Sebnem; … - National Bureau of Economic Research - 2021

We study the effects of fiscal policy in response to the COVID-19 pandemic at the firm, sector, country and global level. First, we estimate the impact of COVID-19 and policy responses on small and medium sized enterprise (SME) business failures. We combine firm-level financial data from 50...

Persistent link: https://www.econbiz.de/10012629513

Fiscal Stimulus and Commercial Bank Lending Under COVID-19

Aizenman, Joshua; Jinjarak, Yothin; Spiegel, Mark - National Bureau of Economic Research - 2022

We investigate the implications of extra-normal government spending under the COVID-19 pandemic for commercial bank lending growth between 2019Q4 and 2020Q4 in a large sample of over 3000 banks from 71 countries. We control for pre-pandemic structural factors, bank characteristics and government...

Persistent link: https://www.econbiz.de/10013172181

Climate Policy under Cooperation and Competition between Regions with Spatial Heat Transport

Cai, Yongyang - 2018

We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise,...

Persistent link: https://www.econbiz.de/10012453241

On a World Climate Assembly and the Social Cost of Carbon

Weitzman, Martin - 2016

This paper postulates the conceptually useful allegory of a futuristic "World Climate Assembly" (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world "Social Cost of Carbon" (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …

Persistent link: https://www.econbiz.de/10012455867

International Climate Agreements and the Scream of Greta

Maggi, Giovanni; Staiger, Robert W. - National Bureau of Economic Research - 2022

Current policies directed at mitigating global warming appear unlikely to prevent temperatures from rising to levels that would trigger a precipitous increase in the costs of climate change. Various attempts at international cooperation to avoid this outcome have failed. Why is this problem so...

Persistent link: https://www.econbiz.de/10013462728

Quantifying Climate Change Loss and Damage Consistent with a Social Cost of Greenhouse Gases

Burke, Marshall; Zahid, Mustafa; Diffenbaugh, Noah; … - National Bureau of Economic Research - 2023

Climate change is generating demonstrable harm around the world. Political and legal efforts have sought to associate …

Persistent link: https://www.econbiz.de/10014372415

Policy Packages and Policy Space : Lessons from COVID-19

Bergant, Katharina; Forbes, Kristin - National Bureau of Economic Research - 2023

This paper uses the onset of COVID-19 to examine how countries construct their policy packages in response to a severe negative shock. We use several new datasets to track the use of a large variety of policy tools: announced fiscal stimulus (both above- and below-the-line), monetary policy...

Persistent link: https://www.econbiz.de/10014287372

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