In December, 2019, JPE published “The Social Cost of Carbon with Economic and Climate Risks”, a paper I wrote with Yongyang Cai and Thomas Lontzek. I am not listed as an author but the first footnote states that I was a co-author. The history behind that fact is an example of the “tyranny of the […]
An Example of the “Tyranny of the Top Five” Read More »
My 42 years of experience with economists have taught me much about academic economics. Here are four points you should consider. 1: Be prepared for the ignorance of your interviewers A student of mine was asked about the computational method he used. He tried to explain the interior point method he was using, but the
My advice to new PhDs on the job market Read More »
I started working on climate change policy modeling in 2008, and it has been a major focus of my efforts since then. In 2010, Yongyang Cai, Thomas Lontzek and I created the DSICE model, extending Nordhaus’ DICE to include productivity shocks as well as stochastic elements of the climate system. While we had earlier published
DSICE: Dynamic Stochastic Integration of Climate and Economy Read More »