the definition of five fundamental criteria that serve as a basis for our method. Standard risk measures, such as value-at-risk …

model averaging in policy design. Interestingly, a simple difference rule with the same coefficients on inflation and output …

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 …