greenhouse gas emission reduction policy over time. We find that the social cost of carbon increases by 1.3% to 3.9% per year … increase of the social carbon depends on a range of factors, including the pure rate of time preference, the rate of risk …

is to establish a consistent dating of the world economic crisis, which is a precondition for understanding the sharp … with the US National Bureau of Economic Research. Second, the time series is decomposed into trend and cycle using the …