Cai, Lontzek and I submitted our paper on the social cost of carbon in November, 2012, and received referee reports and a revision request from Monika Piazessi, the JPE editor handling the submission, in November, 2013. A couple of months later, we met with her to discuss the revision. In particular, I wanted to explain […]
JPE does not want papers written for “smart people” Read More »
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 »
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