An Example of the “Tyranny of the Top Five”

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 »

DSICE: Dynamic Stochastic Integration of Climate and Economy

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 »

Here we go again

Last Friday, Karl Schmedders (IMD University and University of Zurich) and I placed an op-ed in The Hill: https://thehill.com/opinion/international/509991-the-real-view-from-europe-on-coronavirus-relief-in-america. We made the point that the US Government has again failed to fix obvious problems with the unemployment insurance systems, forcing another costly and inefficient stimulus package. We also pointed to the absence of an endgame …

Here we go again Read More »