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Endogenous Growth, Convexity of Damage and Climate Risk: How Nordhaus' Framework Supports Deep Cuts in Carbon Emissions

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Cited by:

  1. Hu, Haiqing & Wei, Wei & Chang, Chun-Ping, 2022. "Examining the impact of extreme temperature on green innovation in China: Evidence from city-level data," Energy Economics, Elsevier, vol. 114(C).
  2. Andreas A. Papandreou, 2019. "Stranded assets and the financial system," Working Papers 272, Bank of Greece.
  3. William Brock & Anastasios Xepapadeas, 2019. "Regional Climate Change Policy Under Positive Feedbacks and Strategic Interactions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 51-75, January.
  4. Alessandro Moro, 2021. "Can capital controls promote green investments in developing countries?," Temi di discussione (Economic working papers) 1348, Bank of Italy, Economic Research and International Relations Area.
  5. Yongyang Cai & William Brock & Anastasios Xepapadeas, 2023. "Climate Change Impact on Economic Growth: Regional Climate Policy under Cooperation and Noncooperation," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 10(3), pages 569-605.
  6. Benedict Clements & Sanjeev Gupta & João Jalles & Bernat Adrogue, 2023. "Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies," Working Papers REM 2023/0295, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
  7. Nan Lu & Hanqin Tian & Bojie Fu & Huiqian Yu & Shilong Piao & Shiyin Chen & Ya Li & Xiaoyong Li & Mengyu Wang & Zidong Li & Lu Zhang & Philippe Ciais & Pete Smith, 2022. "Biophysical and economic constraints on China’s natural climate solutions," Nature Climate Change, Nature, vol. 12(9), pages 847-853, September.
  8. Oliver Bettis & Simon Dietz & Nick Silver, 2015. "The risk of climate ruin," GRI Working Papers 217, Grantham Research Institute on Climate Change and the Environment.
  9. Raza, Werner G. & Tröster, Bernhard & von Arnim, Rudi, 2018. "ASSESS_TISA: Assessing the claimed benefits of the Trade in Services Agreement (TiSA) [TISA: Ökonomische Bewertung der prognostizierten Effekte des Abkommens über den Handel mit Dienstleistungen]," Research Reports 6/2018, Austrian Foundation for Development Research (ÖFSE).
  10. Hiroaki Sakamoto & Masako Ikefuji & Jan R. Magnus, 2020. "Adaptation for Mitigation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 457-484, March.
  11. Martin Henseler & Ingmar Schumacher, 2019. "The impact of weather on economic growth and its production factors," Climatic Change, Springer, vol. 154(3), pages 417-433, June.
  12. Moritz A. Drupp & Frikk Nesje & Robert C. Schmidt & Robert Christian Schmidt, 2022. "Pricing Carbon," CESifo Working Paper Series 9608, CESifo.
  13. Frederick Ploeg & Armon Rezai, 2019. "Simple Rules for Climate Policy and Integrated Assessment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 77-108, January.
  14. Hjort, Ingrid, 2016. "Potential Climate Risks in Financial Markets: A Literature Overview," Memorandum 01/2016, Oslo University, Department of Economics.
  15. Rudik, Ivan & Lyn, Gary & Tan, Weiliang & Ortiz-Bobea, Ariel, 2021. "Heterogeneity and Market Adaptation to Climate Change in Dynamic-Spatial Equilibrium," SocArXiv usghb, Center for Open Science.
  16. Lucas Bretschger & Aimilia Pattakou, 2019. "As Bad as it Gets: How Climate Damage Functions Affect Growth and the Social Cost of Carbon," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(1), pages 5-26, January.
  17. Desbordes, Rodolphe & Eberhardt, Markus, 2024. "Climate change and economic prosperity: Evidence from a flexible damage function," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
  18. William Brock & Anastasios Xepapadeas, 2015. "Spatial Heat Transport, Polar Amplification and Climate Change Policy," DEOS Working Papers 1515, Athens University of Economics and Business.
  19. Dietz, Simon & Gollier, Christian & Kessler, Louise, 2018. "The climate beta," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 258-274.
  20. Sheng, Yu & Xu, Xinpeng, 2019. "The productivity impact of climate change: Evidence from Australia's Millennium drought," Economic Modelling, Elsevier, vol. 76(C), pages 182-191.
  21. Olijslagers, Stan & van der Ploeg, Frederick & van Wijnbergen, Sweder, 2023. "On current and future carbon prices in a risky world," Journal of Economic Dynamics and Control, Elsevier, vol. 146(C).
  22. Dafermos, Yannis & Nikolaidi, Maria, 2019. "Fiscal policy and ecological sustainability: a post-Keynesian perspective," Greenwich Papers in Political Economy 37777, University of Greenwich, Greenwich Political Economy Research Centre.
  23. Marion Davin & Mouez Fodha & Thomas Seegmuller, 2024. "Pollution, public debt, and growth: The question of sustainability," Working Papers hal-04620026, HAL.
  24. Nicolas Taconet & Céline Guivarch & Antonin Pottier, 2021. "Social Cost of Carbon Under Stochastic Tipping Points," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 78(4), pages 709-737, April.
  25. Tiziano De Angelis & Peter Tankov & Olivier David Zerbib, 2022. "Climate Impact Investing," Carlo Alberto Notebooks 676 JEL Classification: G, Collegio Carlo Alberto.
  26. Donadelli, Michael & Grüning, Patrick & Jüppner, Marcus & Kizys, Renatas, 2021. "Global temperature, R&D expenditure, and growth," Energy Economics, Elsevier, vol. 104(C).
  27. Ton S. van den Bremer & Frederick van der Ploeg, 2021. "The Risk-Adjusted Carbon Price," American Economic Review, American Economic Association, vol. 111(9), pages 2782-2810, September.
  28. Pindyck, Robert S., 2019. "The social cost of carbon revisited," Journal of Environmental Economics and Management, Elsevier, vol. 94(C), pages 140-160.
  29. Eric Jondeau & Grégory Levieuge & Jean-Guillaume Sahuc & Gauthier Vermandel, 2023. "Environmental Subsidies to Mitigate Net-Zero Transition Costs," Working papers 910, Banque de France.
  30. Yongyang Cai, 2020. "The Role of Uncertainty in Controlling Climate Change," Papers 2003.01615, arXiv.org, revised Oct 2020.
  31. Alexandra Brausmann & Lucas Bretschger, 2024. "Escaping Damocles’ Sword: Endogenous Climate Shocks in a Growing Economy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(6), pages 1545-1592, June.
  32. Cezar Santos, 2020. "Climate Change Mitigation Policies: Aggregate and Distributional Effects," Working Papers w202017, Banco de Portugal, Economics and Research Department.
  33. Agarwala, Matthew & Burke, Matt & Doherty-Bigara, Jennifer & Klusak, Patrycja & Mohaddes, Kamiar, 2024. "Climate Change and Sovereign Risk: A Regional Analysis for the Caribbean," IDB Publications (Working Papers) 13478, Inter-American Development Bank.
  34. Hambel, Christoph & Kraft, Holger & Schwartz, Eduardo, 2021. "Optimal carbon abatement in a stochastic equilibrium model with climate change," European Economic Review, Elsevier, vol. 132(C).
  35. Patrycja Klusak & Matthew Agarwala & Matt Burke & Moritz Kraemer & Kamiar Mohaddes, 2023. "Rising Temperatures, Falling Ratings: The Effect of Climate Change on Sovereign Creditworthiness," Management Science, INFORMS, vol. 69(12), pages 7468-7491, December.
  36. Peter Breyer & Eleonora Endlich & Dieter Huber & Doris Oswald & Christoph Prenner & Lukas Reiss & Martin Schneider & Walter Waschiczek, 2021. "Corporate equity finance in Austria – impediments and possible improvements," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/21, pages 39-57.
  37. Jaakkola, Niko & van der Ploeg, Frederick, 2019. "Non-cooperative and cooperative climate policies with anticipated breakthrough technology," Journal of Environmental Economics and Management, Elsevier, vol. 97(C), pages 42-66.
  38. Patrick Gruning, 2022. "Fiscal, Environmental, and Bank Regulation Policies in a Small Open Economy for the Green Transition," Working Papers 2022/06, Latvijas Banka.
  39. Chang, Jun-Jie & Mi, Zhifu & Wei, Yi-Ming, 2023. "Temperature and GDP: A review of climate econometrics analysis," Structural Change and Economic Dynamics, Elsevier, vol. 66(C), pages 383-392.
  40. Van Der Straten, Yasmine & Perotti, Enrico & Van Der Ploeg, Frederick, 2024. "Political Economy of Climate Change Adaptation," CEPR Discussion Papers 18959, C.E.P.R. Discussion Papers.
  41. Emmanuel Bovari & Oskar Lecuyer & Florent Mc Isaac, 2018. "Debt and damages: What are the chances of staying under the 2C warming threshold?," International Economics, CEPII research center, issue 155, pages 92-108.
  42. Johanna CHOUMERT & Pascale COMBES MOTEL & Charlain GUEGANG DJIMELI, 2017. "The biofuel-development nexus: A meta-analysis," Working Papers 201709, CERDI.
  43. Bretschger, Lucas, 2021. "Getting the Costs of Environmental Protection Right: Why Climate Policy Is Inexpensive in the End," Ecological Economics, Elsevier, vol. 188(C).
  44. Schultes, Anselm & Piontek, Franziska & Soergel, Bjoern & Rogelj, Joeri & Baumstark, Lavinia & Kriegler, Elmar & Edenhofer, Ottmar & Luderer, Gunnar, 2020. "Economic damages from on-going climate change imply deeper near-term emission cuts," MPRA Paper 103655, University Library of Munich, Germany.
  45. Rezai, Armon & van der Ploeg, Frederick, 2017. "Climate policies under climate model uncertainty: Max-min and min-max regret," Energy Economics, Elsevier, vol. 68(S1), pages 4-16.
  46. Kalkuhl, Matthias & Wenz, Leonie, 2020. "The impact of climate conditions on economic production. Evidence from a global panel of regions," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
  47. Lint Barrage, 2019. "The Nobel Memorial Prize for William D. Nordhaus," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(3), pages 884-924, July.
  48. Signe Krogstrup & William Oman, 2019. "Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature," IMF Working Papers 2019/185, International Monetary Fund.
  49. Frederick Ploeg, 2018. "The safe carbon budget," Climatic Change, Springer, vol. 147(1), pages 47-59, March.
  50. Gerlagh, Reyer, 2022. "Climate, Technology, Family Size; on the Crossroad between Two Ultimate Externalities," Other publications TiSEM b6d5b02f-4624-46fd-836a-b, Tilburg University, School of Economics and Management.
  51. Getaneh Mihret Ayele & Fentaw Leykun Fisseha, 2024. "Does climate change affect the financial stability of Sub-Saharan African countries?," Climatic Change, Springer, vol. 177(10), pages 1-22, October.
  52. Sareh Vosooghi & Maria Arvaniti & Rick van der Ploeg, 2022. "Self-Enforcing Climate Coalitions for Farsighted Countries: Integrated Analysis of Heterogeneous Countries," CESifo Working Paper Series 9768, CESifo.
  53. repec:avg:wpaper:en9474 is not listed on IDEAS
  54. Martin Zapf & Hermann Pengg & Christian Weindl, 2019. "How to Comply with the Paris Agreement Temperature Goal: Global Carbon Pricing According to Carbon Budgets," Energies, MDPI, vol. 12(15), pages 1-20, August.
  55. Agarwala, Matthew & Burke, Matt & Klusak, Patrycja & Mohaddes, Kamiar & Volz, Ulrich & Zenghelis, Dimitri, 2021. "Climate Change And Fiscal Sustainability: Risks And Opportunities," National Institute Economic Review, National Institute of Economic and Social Research, vol. 258, pages 28-46, November.
  56. Toan Phan & Felipe Schwartzman, 2023. "Climate Defaults and Financial Adaptation," Working Paper 23-06, Federal Reserve Bank of Richmond.
  57. 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.
  58. Tsigaris, Panagiotis & Wood, Joel, 2016. "A simple climate-Solow model for introducing the economics of climate change to undergraduate students," International Review of Economics Education, Elsevier, vol. 23(C), pages 65-81.
  59. Marco Letta & Richard S. J. Tol, 2019. "Weather, Climate and Total Factor Productivity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(1), pages 283-305, May.
  60. Quiggin, John, 2018. "The importance of ‘extremely unlikely’ events: tail risk and the costs of climate change," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(1), January.
  61. Gagliardi, Nicola & Grinza, Elena & Rycx, François, 2024. "The Productivity Impact of Global Warming: Firm-Level Evidence for Europe," GLO Discussion Paper Series 1485, Global Labor Organization (GLO).
  62. Franzke, Christian L.E., 2021. "Towards the development of economic damage functions for weather and climate extremes," Ecological Economics, Elsevier, vol. 189(C).
  63. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112808, London School of Economics and Political Science, LSE Library.
  64. Peter H. Howard & Thomas Sterner, 2017. "Few and Not So Far Between: A Meta-analysis of Climate Damage Estimates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(1), pages 197-225, September.
  65. Tol, Richard S.J., 2019. "A social cost of carbon for (almost) every country," Energy Economics, Elsevier, vol. 83(C), pages 555-566.
  66. van der Ploeg, Frederick & Rezai, Armon, 2017. "The Agnostic’s Response to Climate Deniers: Price Carbon!," CEPR Discussion Papers 12468, C.E.P.R. Discussion Papers.
  67. Bazzana, Davide & Rizzati, Massimiliano & Ciola, Emanuele & Turco, Enrico & Vergalli, Sergio, 2024. "Warming the MATRIX: Uncertainty and heterogeneity in climate change impacts and policy targets in the Euro Area," Energy Economics, Elsevier, vol. 134(C).
  68. Buchholz Wolfgang & Heindl Peter, 2015. "Ökonomische Herausforderungen des Klimawandels," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(4), pages 324-350, December.
  69. Hanna Yatsenko, 2020. "The Impact of Weather Conditions on Economic Activity in Ukraine," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 249, pages 25-49.
  70. Gerlagh, Reyer, 2023. "Climate, technology, family size; on the crossroad between two ultimate externalities," European Economic Review, Elsevier, vol. 152(C).
  71. Franziska Piontek & Matthias Kalkuhl & Elmar Kriegler & Anselm Schultes & Marian Leimbach & Ottmar Edenhofer & Nico Bauer, 2019. "Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1357-1385, August.
  72. Javier Andrés & José Emilio Boscá & Rafael Doménech & Javier Ferri, 2024. "The Welfare Effects of Degrowth as a Decarbonization Strategy," Working Papers 2024-04, FEDEA.
  73. Oliver D. Bettis & Simon Dietz & Nick G. Silver, 2017. "The risk of climate ruin," Climatic Change, Springer, vol. 140(2), pages 109-118, January.
  74. Surender Kumar & Madhu Khanna, 2019. "Temperature and production efficiency growth: empirical evidence," Climatic Change, Springer, vol. 156(1), pages 209-229, September.
  75. Gregory Casey & Stephie Fried & Ethan Goode, 2023. "Projecting the Impact of Rising Temperatures: The Role of Macroeconomic Dynamics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 688-718, September.
  76. Yannis Dafermos & Maria Nikolaidi, 2019. "Fiscal policy and ecological sustainability," FMM Working Paper 52-2019, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  77. Jaime DE MELO, 2016. "Moving on Towards a Workable Climate Regime," Working Papers P171, FERDI.
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  79. Beirne, John & Dafermos, Yannis & Kriwoluzky, Alexander & Renzhi, Nuobu & Volz, Ulrich & Wittich, Jana, 2022. "Natural Disasters and Inflation in the Euro Area," VfS Annual Conference 2022 (Basel): Big Data in Economics 264132, Verein für Socialpolitik / German Economic Association.
  80. Gilles Dufrénot & William Ginn & Marc Pourroy, 2023. "ENSO Climate Patterns on Global Economic Conditions," AMSE Working Papers 2308, Aix-Marseille School of Economics, France.
  81. Karine Constant & Marion Davin, 2019. "Unequal Vulnerability to Climate Change and the Transmission of Adverse Effects Through International Trade," Post-Print hal-04215353, HAL.
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  85. Gabriel Rodriguez-Rondon & Jean-Marie Dufour, 2024. "MSTest: An R-Package for Testing Markov Switching Models," Papers 2411.08188, arXiv.org.
  86. Gallic, Ewen & Vermandel, Gauthier, 2017. "Weather Shocks, Climate Change and Business Cycles," MPRA Paper 81230, University Library of Munich, Germany.
  87. Karine Constant & Marion Davin, 2019. "Unequal Vulnerability to Climate Change and the Transmission of Adverse Effects Through International Trade," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(2), pages 727-759, October.
  88. Bovari, Emmanuel & Giraud, Gaël & Mc Isaac, Florent, 2018. "Coping With Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming," Ecological Economics, Elsevier, vol. 147(C), pages 383-398.
  89. Dominique Bureau & Alain Quinet & Katheline Schubert, 2020. "Cost-Benefit Analysis For Climate Action," Policy Papers 2020.03, FAERE - French Association of Environmental and Resource Economists.
  90. Yongping Sun & Xin Zou & Xunpeng Shi & Ping Zhang, 2019. "The economic impact of climate risks in China: evidence from 47-sector panel data, 2000–2014," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 95(1), pages 289-308, January.
  91. Auke Hoekstra & Maarten Steinbuch & Geert Verbong, 2017. "Creating Agent-Based Energy Transition Management Models That Can Uncover Profitable Pathways to Climate Change Mitigation," Complexity, Hindawi, vol. 2017, pages 1-23, December.
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  95. Ji-Myong Kim & Seunghyun Son & Sungho Lee & Kiyoung Son, 2020. "Cost of Climate Change: Risk of Building Loss from Typhoon in South Korea," Sustainability, MDPI, vol. 12(17), pages 1-11, August.
  96. John Beirne & Yannis Dafermos & Alexander Kriwoluzky & Nuobu Renzhi & Ulrich Volz & Jana Wittich, 2021. "The Effects of Natural Disasters on Price Stability in the Euro Area," Discussion Papers of DIW Berlin 1981, DIW Berlin, German Institute for Economic Research.
  97. Chaitat Jirophat & Pym Manopimoke & Suparit Suwanik, 2022. "The Macroeconomic Effects of Climate Shocks in Thailand," PIER Discussion Papers 188, Puey Ungphakorn Institute for Economic Research.
  98. Emmanuel Bovari & Gaël Giraud & Florent McIsaac, 2018. "Carbon Pricing and Global Warming: A Stock-flow Consistent Macro-dynamic Approach," Working Paper 0a6be926-7c78-4aba-a60b-6, Agence française de développement.
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  107. Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.
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  111. Armon Rezai & Frederick Van der Ploeg, 2016. "Intergenerational Inequality Aversion, Growth, and the Role of Damages: Occam's Rule for the Global Carbon Tax," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(2), pages 493-522.
  112. Jussi Lintunen & Lauri Vilmi, 2021. "Optimal Emission Prices Over the Business Cycles," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(1), pages 135-167, September.
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  118. Rong Wang & Juan Moreno-Cruz & Ken Caldeira, 2017. "Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions?," Post-Print hal-03226925, HAL.
  119. Pablo Aguilar & Beatriz González & Samuel Hurtado, 2022. "Carbon tax sectoral (CATS) model: a sectoral model for energy transition stress test scenarios," Occasional Papers 2218, Banco de España.
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  121. Iñigo Capellán-Pérez & David Álvarez-Antelo & Luis J. Miguel, 2019. "Global Sustainability Crossroads : A Participatory Simulation Game to Educate in the Energy and Sustainability Challenges of the 21st Century," Sustainability, MDPI, vol. 11(13), pages 1-23, July.
  122. Gaël Giraud & Florent MCISAAC & Emmanuel BOVARI, 2018. "Coping with the Collapse: A Stock-Flow Consistent Monetary Macrodynamics of Global Warming - Updated version dated July 2017," Working Paper 987f5d77-9601-4865-9ce1-4, Agence française de développement.
  123. Feriga, Moustafa & Lozano Gracia, Nancy & Serneels, Pieter, 2024. "The Impact of Climate Change on Work Lessons for Developing Countries," IZA Discussion Papers 16914, Institute of Labor Economics (IZA).
  124. 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).
  125. Mark Budolfson & Francis Dennig & Marc Fleurbaey & Asher Siebert & Robert H. Socolow, 2017. "The comparative importance for optimal climate policy of discounting, inequalities and catastrophes," Climatic Change, Springer, vol. 145(3), pages 481-494, December.
  126. Stern, Nicholas, 2022. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 113456, London School of Economics and Political Science, LSE Library.
  127. Stern, Nicholas, 2021. "A time for action on climate change and a time for change in economics," LSE Research Online Documents on Economics 112802, London School of Economics and Political Science, LSE Library.
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