14 Apr

ZOOM, Uppsala

Seminar with Stephie Fried

“Understanding Climate Damages: Consumption versus Investment ” (with Gregory Casey and Matthew Gibson )

Abstract

We study the impact of climate change on the US economy, focus­ing on the relative productivity of the investment and consump­tion sectors. A long macroeconomic literature demonstrates that improvements in investment-specific productivity are a major driver of economic growth in the US and other developed econo­mies. The investment sector is also highly vulnerable to climate change, in part due to the construction sub-sector. We develop a multi-sector model of structural change to study the effects of cli­mate change on investment-productivity and the associated wel­fare implications. We find that accounting for investment-specific climate damages substantially increases the welfare cost of climate change.

Facts

Time: 2021-04-14 16:00 - 17:00
City: Uppsala
Location: ZOOM
Organiser: Institutionen för ekonomi
Additional info:

Zoom link:  https://slu-se.zoom.us/j/61991699626  

Password: seminar


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