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A Climate Change Damage Function (CCDF) is a reduced form relationship linking macroeconomic aggregates (e.g., potential GDP) to climate indicators (e.g., average temperature levels). This function is used in a variety of studies about climate change impacts and policy analysis. However, despite...
Persistent link: https://www.econbiz.de/10014225513
stress fluctuations. These findings underline the need for effective risk management strategies in the financial sector to …
Persistent link: https://www.econbiz.de/10015412193
climate mitigation, and the direction of the risk is identified through manual labels. The documented risk premium indicates …
Persistent link: https://www.econbiz.de/10014344160
We use perturbation methods to derive a rule for the optimal risk-adjusted social cost of carbon (SCC) that … different aversions to risk and intertemporal fluctuations, convex damages, uncertainties in economic growth, atmospheric carbon …-run climate feedbacks. Our non-certainty-equivalent rule for the SCC incorporates precaution, risk insurance, and climate …
Persistent link: https://www.econbiz.de/10011996310
perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow … for different aversion to risk and intertemporal fluctuations, skewness and dynamics in the risk distributions of climate …
Persistent link: https://www.econbiz.de/10012545108
In this paper, we investigate how climate risk impacts the sovereign risk, the stock market evolution, and the degree … as a percentage of GDP. Moreover, the climate risk leads to an increase in sovereign risk only across inferior quantiles … competitiveness of a country is influenced to a small extent by the level of climate risk. This could be a consequence of concerns …
Persistent link: https://www.econbiz.de/10013407079
Persistent link: https://www.econbiz.de/10011896383
Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...
Persistent link: https://www.econbiz.de/10014128920
Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...
Persistent link: https://www.econbiz.de/10012997531
When and if the United States chooses to implement a greenhouse gas reduction program, it will be necessary to decide whether carbon sequestration policies - such as those that promote forestation and discourage deforestation - should be part of the domestic portfolio of compliance activities....
Persistent link: https://www.econbiz.de/10014067672