Working Paper Series No . 43-2012 The persistence of shocks in GDP and the estimation of the potential economic costs of climate change

Abstract

Integrated assessment models (IAMs) typically ignore the impact of climate change on economic growth, or simply scale down output and hence the entire future growth. In this manner, IAMs typically assume that the shocks caused by climate change impacts dissipate and have no persistence at all, affecting only the period when they occur. Clearly, this could… (More)

4 Figures and Tables

Topics

  • Presentations referencing similar topics