The Methodology of Modern Macroeconomics and the Descriptive Approach to Discounting
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- Hoover, Kevin D., 2006.
"A Neowicksellian in a New Classical World: The Methodology of Michael Woodford's Interest and Prices,"
Journal of the History of Economic Thought, Cambridge University Press, vol. 28(2), pages 143-149, June.
- Kevin Hoover, 2004. "A NeoWicksellian in a New Classical World: The Methodology of Michael Woodford?s Interest and Prices," Working Papers 249, University of California, Davis, Department of Economics.
- Orazio P. Attanasio & Guglielmo Weber, 1993. "Consumption Growth, the Interest Rate and Aggregation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(3), pages 631-649.
- William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, April.
- Ricardo J. Caballero, 2010.
"Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome,"
Journal of Economic Perspectives, American Economic Association, vol. 24(4), pages 85-102, Fall.
- Ricardo J. Caballero, 2010. "Macroeconomics after the Crisis: Time to Deal with the Pretense-of-Knowledge Syndrome," NBER Working Papers 16429, National Bureau of Economic Research, Inc.
- Christopher A. Sims, 2012.
"Statistical Modeling of Monetary Policy and Its Effects,"
American Economic Review, American Economic Association, vol. 102(4), pages 1187-1205, June.
- Sims, Christopher A., 2011. "Statistical Modeling of Monetary Policy and its Effects," Nobel Prize in Economics documents 2011-5, Nobel Prize Committee.
- Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(1), pages 47-73, January.
- Lawrence H. Goulder & Roberton C. Williams, 2012.
"The Choice Of Discount Rate For Climate Change Policy Evaluation,"
Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(04), pages 1-18.
- Goulder, Lawrence H. & Williams, Roberton C., 2012. "The Choice of Discount Rate for Climate Change Policy Evaluation," RFF Working Paper Series dp-12-43, Resources for the Future.
- Lawrence H. Goulder & Roberton C. Williams III, 2012. "The Choice of Discount Rate for Climate Change Policy Evaluation," NBER Working Papers 18301, National Bureau of Economic Research, Inc.
- Martin L. Weitzman, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 703-724, September.
- Nelson, Julie A., 2008.
"Economists, value judgments, and climate change: A view from feminist economics,"
Ecological Economics, Elsevier, vol. 65(3), pages 441-447, April.
- Julie A. Nelson, "undated". "Economists, Value Judgments, and Climate Change: A View from Feminist Economics," GDAE Working Papers 07-03, GDAE, Tufts University.
- Nelson, Julie A., 2007. "Economists, Value Judgments, and Climate Change: A View From Feminist Economics," Working Papers 37280, Tufts University, Global Development and Environment Institute.
- Edward C. Prescott, 2006.
"The Transformation of Macroeconomic Policy and Research,"
The American Economist, Sage Publications, vol. 50(1), pages 3-20, March.
- Edward C. Prescott, 2005. "The transformation of macroeconomic policy and research," Annual Report, Federal Reserve Bank of Minneapolis, vol. 19(1), pages 6-27.
- Prescott, Edward C., 2004. "The Transformation of Macroeconomic Policy and Research," Nobel Prize in Economics documents 2004-7, Nobel Prize Committee.
- Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, September.
- Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change, Part II. Dynamic Estimates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(2), pages 135-160, February.
- William D. Nordhaus, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 686-702, September.
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.- van den Bergh, J.C.J.M. & Botzen, W.J.W., 2015. "Monetary valuation of the social cost of CO2 emissions: A critical survey," Ecological Economics, Elsevier, vol. 114(C), pages 33-46.
- Kverndokk, Snorre & Rose, Adam, 2008.
"Equity and Justice in Global Warming Policy,"
International Review of Environmental and Resource Economics, now publishers, vol. 2(2), pages 135-176, October.
- Snorre Kverndokk & Adam Rose, 2008. "Equity and Justice in Global Warming Policy," Working Papers 2008.80, Fondazione Eni Enrico Mattei.
- Kverndokk, Snorre & Rose, Adam, 2008. "Equity and justice in global warming policy," MPRA Paper 24272, University Library of Munich, Germany.
- Kverndokk, Snorre & Rose, Adam Z., 2008. "Equity and Justice in Global Warming Policy," Climate Change Modelling and Policy Working Papers 44230, Fondazione Eni Enrico Mattei (FEEM).
- Kverndokk, Snorre & Rose , Adam, 2008. "Equity and Justice in Global Warming Policy," Memorandum 21/2008, Oslo University, Department of Economics.
- Rick Baker & Andrew Barker & Alan Johnston & Michael Kohlhaas, 2008. "The Stern Review: an assessment of its methodology," Staff Working Papers 0801, Productivity Commission, Government of Australia.
- Davidson, Marc D., 2014. "Zero discounting can compensate future generations for climate damage," Ecological Economics, Elsevier, vol. 105(C), pages 40-47.
- Johan Eyckmans & Sam Fankhauser & Snorre Kverndokk, 2013. "Equity, Development Aid and Climate Finance," GRI Working Papers 123, Grantham Research Institute on Climate Change and the Environment.
- 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.
- Pindyck, Robert S., 2012.
"Uncertain outcomes and climate change policy,"
Journal of Environmental Economics and Management, Elsevier, vol. 63(3), pages 289-303.
- Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," NBER Working Papers 15259, National Bureau of Economic Research, Inc.
- Robert S. Pindyck, 2009. "Uncertain Outcomes and Climate Change Policy," Working Papers 0907, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Robert S. Pindyck, 2011.
"Modeling the Impact of Warming in Climate Change Economics,"
NBER Chapters, in: The Economics of Climate Change: Adaptations Past and Present, pages 47-71,
National Bureau of Economic Research, Inc.
- Robert S. Pindyck, 2010. "Modeling the Impact of Warming in Climate Change Economics," NBER Working Papers 15692, National Bureau of Economic Research, Inc.
- Robert S. Pindyck, 2010. "Modeling the Impact of Warming in Climate Change Economics," Working Papers 1001, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Tol, Richard S. J., 2011.
"Modified Ramsey Discounting for Climate Change,"
Papers
WP368, Economic and Social Research Institute (ESRI).
- Richard S.J. Tol, 2013. "Modified Ramsey Discounting for Climate Change," Tinbergen Institute Discussion Papers 13-130/VIII, Tinbergen Institute.
- Richard S. J. Tol, 2015. "Modified Ramsey Discounting for Climate Change," CESifo Working Paper Series 5588, CESifo.
- Richard S.J. Tol, 2013. "Modified Ramsey Discounting for Climate Change," Working Paper Series 6313, Department of Economics, University of Sussex Business School.
- Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009.
"Social discounting under uncertainty: A cross-country comparison,"
Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
- Cameron Hepburn & Phoebe Koundouri & Ekaterini Panopoulou & Theologos Pantelidis, 2006. "Social Discounting Under Uncertainty: A cross-country comparison," The Institute for International Integration Studies Discussion Paper Series iiisdp177, IIIS.
- Stan Olijslagers & Sweder van Wijnbergen, 2019.
"Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences,"
Tinbergen Institute Discussion Papers
19-030/VI, Tinbergen Institute.
- van Wijnbergen, Sweder & Olijslagers, Stan, 2019. "Discounting the Future: on Climate Change, Ambiguity Aversion and Epstein-Zin Preferences," CEPR Discussion Papers 13708, C.E.P.R. Discussion Papers.
- David Anthoff & Richard Tol, 2009.
"The Impact of Climate Change on the Balanced Growth Equivalent: An Application of FUND,"
Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(3), pages 351-367, July.
- David Anthoff & Richard S. J. Tol, 2008. "The Impact of Climate Change on the Balanced-Growth-Equivalent: An Application of FUND," Papers WP228, Economic and Social Research Institute (ESRI).
- Koen Vermeylen, 2013. "The Consumption Discount Rate for the Distant Future (if we do not die out)," Tinbergen Institute Discussion Papers 13-201/VI, Tinbergen Institute.
- Tol, Richard S.J., 2013.
"Targets for global climate policy: An overview,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(5), pages 911-928.
- Richard S.J. Tol, 2012. "Targets for Global Climate Policy: An Overview," Working Paper Series 3712, Department of Economics, University of Sussex Business School.
- Kverndokk, Snorre & Nævdal, Eric & Nøstbakken, Linda, 2014.
"The trade-off between intra- and intergenerational equity in climate policy,"
European Economic Review, Elsevier, vol. 69(C), pages 40-58.
- Snorre Kverndokk & Eric Nævdal & Linda Nøstbakken, 2013. "The Trade-off between Intra- and Intergenerational Equity in Climate Policy," CESifo Working Paper Series 4285, CESifo.
- Marc D. Davidson, 2012. "Intergenerational Justice: How Reasonable Man Discounts Climate Damage," Sustainability, MDPI, vol. 4(1), pages 1-17, January.
- Christian Gollier & Phoebe Koundouri & Theologos Pantelidis, 2008.
"Declining discount rates: Economic justifications and implications for long-run policy [‘Regime switches in interest rates’],"
Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 23(56), pages 758-795.
- GOLLIER Christian & KOUNDOURI Phoebe & PANTELIDIS Theologos, 2008. "Declining Discount Rates : Economic Justifications and Implications for Long-Run Policy," LERNA Working Papers 08.17.261, LERNA, University of Toulouse.
- Gollier, Christian & Koundouri, Phoebe & Pantelidis, Theologos, 2008. "Declining Discount Rates: Economic Justifications and Implications for Long-Run Policy," IDEI Working Papers 525, Institut d'Économie Industrielle (IDEI), Toulouse.
- Hof, Andries F. & van Vuuren, Detlef P. & den Elzen, Michel G.J., 2010. "A quantitative minimax regret approach to climate change: Does discounting still matter?," Ecological Economics, Elsevier, vol. 70(1), pages 43-51, November.
- Karl Aiginger, 2016. "Making Ambitious Green Goals Compatible with Economic Dynamics by a Strategic Approach. WWWforEurope Policy Paper No. 30," WIFO Studies, WIFO, number 58711, March.
- Belgodere, Antoine, 2010. "Climate change: discount or not? future generations don't care that much," MPRA Paper 27358, University Library of Munich, Germany.
More about this item
Keywords
modern macroeconomics; methodology; descriptive; prescriptive; discount rate;All these keywords.
JEL classification:
- B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2015-04-25 (Energy Economics)
- NEP-HPE-2015-04-25 (History and Philosophy of Economics)
- NEP-MAC-2015-04-25 (Macroeconomics)
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:tin:wpaper:20130200. 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: Tinbergen Office +31 (0)10-4088900 (email available below). General contact details of provider: https://edirc.repec.org/data/tinbenl.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.