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Inflation risk and optimal monetary policy

Gavin, William T. (contributor); … - 2007 - Rev.

Persistent link: https://www.econbiz.de/10003740044

Building uncertainty into the adaptation cost estimation in integrated assessment models

Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016

uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region …. This risk premium quantifies what society would be willing to pay to insure against the uncertainty of the damages, and it … highly sensitive to the coefficient of relative risk aversion. Once the climate change damage function incorporates the risk …

Persistent link: https://www.econbiz.de/10011451668

A simple framework for climate-change policy under model uncertainty

Athanasoglou, Stergios; Bosetti, Valentina; Drouet, Laurent - 2016

We propose a novel framework for the economic assessment of climate-change policy. Our main point of departure from existing work is the adoption of a "satisficing", as opposed to optimizing, modeling approach. Along these lines, we place primary emphasis on the extent to which different...

Persistent link: https://www.econbiz.de/10011614242