Most current cost− benefit analyses of climate change policies suggest an optimal global climate policy that is significantly less stringent than the level required to meet the …
There is great uncertainty about the impact of anthropogenic carbon on future economic wellbeing. We use DSICE, a DSGE extension of the DICE2007 model of William Nordhaus …
A Golub, D Narita, MGW Schmidt - Environmental Modeling & Assessment, 2014 - Springer
Uncertainty plays a key role in the economics of climate change, and research on this topic has led to a substantial body of literature. However, the discussion on the policy implications …
V Muccione, T Lontzek, C Huggel, P Ott, N Salzmann - Natural Hazards, 2023 - Springer
Adaptation decision-making in mountain regions necessitates dealing with uncertainties which are driven by the complex topography and the potential interconnections of stochastic …
We use a dynamic stochastic general equilibrium model of integrated climate and economy (DSICE) to account for abrupt and irreversible climate change. We model a climate shock in …
Climate change presents challenges to policy and economic stability, necessitating effective trading strategies to reduce environmental risks. This article addresses gaps in existing …
This paper presents a comprehensive method for efficiently solving stochastic Integrated Assessment Models (IAMs) and performing parametric uncertainty quantification. Our …
L Bretschger, A Vinogradova - 2014 - papers.ssrn.com
Climate physics predicts that the intensity of natural disasters will increase in the future due to climate change. We present a stochastic model of a growing economy where natural …
We analyze a standard dynamic stochastic growth model with climate uncertainty. More specifically, we generalize DSICE, a DSGE full-dimensional extension of the DICE2007 …