To analyse climate change mitigation strategies, economists rely on simplified climate
models—so-called climate emulators—that provide a realistic quantitative link between CO …

Climate change not only impacts production and market consumption but also the relative
scarcity of nonmarket goods, such as environmental amenities. We study fundamental …

Integrated assessment models of climate and the economy provide estimates of the social
cost of carbon and inform climate policy. We create a variant of the Regional Integrated …

Economic models of climate change often take the problem seriously, but paradoxically
conclude that the optimal policy is to do almost nothing about it. We explore this paradox as …

We show that economic models of climate change produce climate dynamics inconsistent
with current climate science models:(i) the delay between CO2 emissions and warming is …

A number of influential assessments of the economic cost of climate change rely on just a
small number of coupled climate–economy models. A central feature of these assessments …

It is well-known that the discount rate is crucially important for estimating the social cost of
carbon, a standard indicator for the seriousness of climate change and desirable level of …

The social cost of carbon (SCC) and the climate-economic models underlying this prominent
US climate policy instrument are heavily affected by modeler opinion and therefore may not …

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 …

Climate is a persistent asset, bar none: changes in climate-related stocks have
consequences spanning over centuries or possibly millennia to the future. To reconcile the …