Impact of COVID-19 type events on the economy and climate under the stochastic DICE model
Author
Abstract
Suggested Citation
DOI: 10.1007/s10018-021-00332-8
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- William Nordhaus, 2018.
"Projections and Uncertainties about Climate Change in an Era of Minimal Climate Policies,"
American Economic Journal: Economic Policy, American Economic Association, vol. 10(3), pages 333-360, August.
- William D. Nordhaus, 2016. "Projections and uncertainties about climate change in an era of minimal climate policies," Cowles Foundation Discussion Papers 2057, Cowles Foundation for Research in Economics, Yale University.
- William D. Nordhaus, 2016. "Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies," NBER Working Papers 22933, National Bureau of Economic Research, Inc.
- Arthi, Vellore & Parman, John, 2021.
"Disease, downturns, and wellbeing: Economic history and the long-run impacts of COVID-19,"
Explorations in Economic History, Elsevier, vol. 79(C).
- Vellore Arthi & John Parman, 2020. "Disease, Downturns, and Wellbeing: Economic History and the Long-Run Impacts of COVID-19," NBER Working Papers 27805, National Bureau of Economic Research, Inc.
- Christian Traeger, 2014.
"A 4-Stated DICE: Quantitatively Addressing Uncertainty Effects in Climate Change,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 59(1), pages 1-37, September.
- Traeger, Christian, 2012. "A 4-stated DICE: quantitatively addressing uncertainty effects in climate change," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6jx2p7fv, Department of Agricultural & Resource Economics, UC Berkeley.
- Traeger, Christian, 2013. "A 4-stated DICE: quantitatively addressing uncertainty effects in climate change," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9034k05t, Department of Agricultural & Resource Economics, UC Berkeley.
- Leach, Andrew J., 2007.
"The climate change learning curve,"
Journal of Economic Dynamics and Control, Elsevier, vol. 31(5), pages 1728-1752, May.
- Andrew J. Leach, 2004. "The Climate Change Learning Curve," Cahiers de recherche 04-03, HEC Montréal, Institut d'économie appliquée.
- William D. Nordhaus, 1992. "The 'DICE' Model: Background and Structure of a Dynamic Integrated Climate-Economy Model of the Economics of Global Warming," Cowles Foundation Discussion Papers 1009, Cowles Foundation for Research in Economics, Yale University.
- Robert S. Pindyck, 2017.
"The Use and Misuse of Models for Climate Policy,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 100-114.
- Robert S. Pindyck, 2015. "The Use and Misuse of Models for Climate Policy," NBER Working Papers 21097, National Bureau of Economic Research, Inc.
- Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
- Jon M. Conrad, 1997. "Global Warming: When to Bite the Bullet," Land Economics, University of Wisconsin Press, vol. 73(2), pages 164-173.
- repec:dau:papers:123456789/12195 is not listed on IDEAS
- Martin L. Weitzman, 2011.
"Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(2), pages 275-292, Summer.
- Weitzman, Martin L., 2011. "Fat-Tailed Uncertainty in the Economics of Catastrophic Climate Change," Scholarly Articles 34728611, Harvard University Department of Economics.
- Kelly, David L. & Kolstad, Charles D., 1999. "Bayesian learning, growth, and pollution," Journal of Economic Dynamics and Control, Elsevier, vol. 23(4), pages 491-518, February.
- Ackerman, Frank & Stanton, Elizabeth A. & Bueno, Ramón, 2010. "Fat tails, exponents, extreme uncertainty: Simulating catastrophe in DICE," Ecological Economics, Elsevier, vol. 69(8), pages 1657-1665, June.
- Thomas S. Lontzek & Yongyang Cai & Kenneth L. Judd & Timothy M. Lenton, 2015. "Stochastic integrated assessment of climate tipping points indicates the need for strict climate policy," Nature Climate Change, Nature, vol. 5(5), pages 441-444, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Aleksandar Arandjelovi'c & Pavel V. Shevchenko & Tomoko Matsui & Daisuke Murakami & Tor A. Myrvoll, 2024. "Solving stochastic climate-economy models: A deep least-squares Monte Carlo approach," Papers 2408.09642, arXiv.org.
- Ikefuji, Masako & Laeven, Roger J.A. & Magnus, Jan R. & Muris, Chris, 2020.
"Expected utility and catastrophic risk in a stochastic economy–climate model,"
Journal of Econometrics, Elsevier, vol. 214(1), pages 110-129.
- Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Expected Utility and Catastrophic Risk in a Stochastic Economy-Climate Model," Other publications TiSEM 52cbee73-e1dc-4ed3-8ec9-6, Tilburg University, School of Economics and Management.
- Ikefuji, M. & Laeven, R.J.A. & Magnus, J.R. & Muris, C.H.M., 2010. "Expected Utility and Catastrophic Risk in a Stochastic Economy-Climate Model," Discussion Paper 2010-122, Tilburg University, Center for Economic Research.
- J. Farmer & Cameron Hepburn & Penny Mealy & Alexander Teytelboym, 2015. "A Third Wave in the Economics of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 329-357, October.
- Jensen, Svenn & Traeger, Christian P., 2014. "Optimal climate change mitigation under long-term growth uncertainty: Stochastic integrated assessment and analytic findings," European Economic Review, Elsevier, vol. 69(C), pages 104-125.
- De Bruin, Kelly & Kiran Krishnamurthy, Chandra, 2021. "Optimal Climate Policy with Fat-tailed Uncertainty: What the Models Can Tell Us," Papers WP697, Economic and Social Research Institute (ESRI).
- Pavel V. Shevchenko & Daisuke Murakami & Tomoko Matsui & Tor A. Myrvoll, 2021. "Impact of COVID-19 type events on the economy and climate under the stochastic DICE model," Papers 2111.00835, arXiv.org.
- Nelson, Tim & Pascoe, Owen & Calais, Prabpreet & Mitchell, Lily & McNeill, Judith, 2019. "Efficient integration of climate and energy policy in Australia’s National Electricity Market," Economic Analysis and Policy, Elsevier, vol. 64(C), pages 178-193.
- Moritz A. Drupp & Martin C. Hänsel, 2021.
"Relative Prices and Climate Policy: How the Scarcity of Nonmarket Goods Drives Policy Evaluation,"
American Economic Journal: Economic Policy, American Economic Association, vol. 13(1), pages 168-201, February.
- Drupp, Moritz A. & Hänsel, Martin C., 2018. "Relative prices and climate policy: How the scarcity of non-market goods drives policy evaluation," Economics Working Papers 2018-01, Christian-Albrechts-University of Kiel, Department of Economics.
- Moritz A. Drupp & Martin C. Hänsel, 2020. "Relative Prices and Climate Policy: How the Scarcity of Non-Market Goods Drives Policy Evaluation," CESifo Working Paper Series 8052, CESifo.
- Lemoine, Derek & Traeger, Christian P., 2016. "Ambiguous tipping points," Journal of Economic Behavior & Organization, Elsevier, vol. 132(PB), pages 5-18.
- Wonjun Chang & Thomas F. Rutherford, 2017. "Catastrophic Thresholds, Bayesian Learning And The Robustness Of Climate Policy Recommendations," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 1-23, November.
- van der Ploeg, Frederick & Rezai, Armon, 2019.
"The agnostic's response to climate deniers: Price carbon!,"
European Economic Review, Elsevier, vol. 111(C), pages 70-84.
- Rick Van der Ploeg & Armon Rezai, 2017. "The Agnostic's Response to Climate Deniers: Price Carbon!," OxCarre Working Papers 202, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- van der Ploeg, Frederick & Rezai, Armon, 2018. "The Agnostic's Response to Climate Deniers: Price Carbon!," Ecological Economic Papers 21, WU Vienna University of Economics and Business.
- KEVIN DAYARATNA & ROSS McKITRICK & DAVID KREUTZER, 2017.
"Empirically Constrained Climate Sensitivity And The Social Cost Of Carbon,"
Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(02), pages 1-12, May.
- Kevin Dayaratna & Ross Mckitrick & David Kreutzer, 2016. "Empirically-Constrained Climate Sensitivity and the Social Cost of Carbon," Working Papers 1608, University of Guelph, Department of Economics and Finance.
- In Chang Hwang & Richard S.J. Tol & Marjan W. Hofkes, 2013. "Active Learning about Climate Change," Working Paper Series 6513, Department of Economics, University of Sussex Business School.
- Derek Lemoine & Christian Traeger, 2014. "Watch Your Step: Optimal Policy in a Tipping Climate," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 137-166, February.
- Richard S J Tol, 2018.
"The Economic Impacts of Climate Change,"
Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
- Richard S. J. Tol, 2010. "The Economic Impact of Climate Change," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 11(s1), pages 13-37, May.
- Tol, Richard S. J., 2008. "The Economic Impact of Climate Change," Papers WP255, Economic and Social Research Institute (ESRI).
- Richard S. J. Tol, 2015. "Economic impacts of climate change," Working Paper Series 7515, Department of Economics, University of Sussex Business School.
- Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.t., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," LSE Research Online Documents on Economics 114941, London School of Economics and Political Science, LSE Library.
- Masako Ikefuji & Roger J. A. Laeven & Jan R. Magnus & Chris Muris, 2011. "Weitzman meets Nordhaus: Expected utility and catastrophic risk in a stochastic economy-climate model," ISER Discussion Paper 0825, Institute of Social and Economic Research, Osaka University.
- Kelly, David L. & Tan, Zhuo, 2015. "Learning and climate feedbacks: Optimal climate insurance and fat tails," Journal of Environmental Economics and Management, Elsevier, vol. 72(C), pages 98-122.
- Rising, James A. & Taylor, Charlotte & Ives, Matthew C. & Ward, Robert E.T., 2022. "Challenges and innovations in the economic evaluation of the risks of climate change," Ecological Economics, Elsevier, vol. 197(C).
- In Hwang & Frédéric Reynès & Richard Tol, 2013.
"Climate Policy Under Fat-Tailed Risk: An Application of Dice,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(3), pages 415-436, November.
- Hwang, In Chang & Reynès, Frédéric & Tol, Richard S. J., 2011. "Climate Policy Under Fat-Tailed Risk: An Application of Dice," Papers WP403, Economic and Social Research Institute (ESRI).
More about this item
Keywords
Dynamic Integrated Climate-Economy model; Climate change; Optimal control; Carbon emission; COVID-19; Stochastic DICE model;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:envpol:v:24:y:2022:i:3:d:10.1007_s10018-021-00332-8. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.