We calculate the social cost of carbon (SCC) under stochastic climate volatility resulting from uncertainty about future climate risk regimes where weather extremes are becoming more frequent and intense. Using a stochastic dynamic integrated climate-economy model where representative agents are...

This paper proposes a new tool to assess sustainability and make the concept of sustainable development operational. It considers its multi-dimensional structure combining the information deriving from a selection of relevant sustainability indicators belonging to economic, social and...

The FEEM project APPS - Assessment, Projections and Policy of Sustainable Development Goals lies in the stream of research related to the quantitative assessment of the 17 Sustainable Development Goals (SDGs), adopted by the United Nations at the end of September 2015. The project consists of...

Um die fiskalische Nachhaltigkeit der Politik bzw. einzelner Reformmaßnahmen zu messen, hat die Wirtschaftswissenschaft in den letzten Jahren mehrere Instrumente eingeführt. Hierzu zählt auch die Generationenbilanz, die Anfang der 1990er‐Jahre in den USA entwickelt wurde. Der vorliegende...

The consequences of ageing populations for federal and state fiscal policies are, due to the research efforts of the last two decades, well known. However, it is rather less well known how the municipal level is affected. Therefore, by using a modification of the sustainability definition...