The literature on the costs of climate change often draws a link between climatic “tipping
points” and large economic shocks, frequently called “catastrophes.” The phrase “tipping …

Transformative technologies like generative AI promise to accelerate productivity growth
across many sectors, but they also present new risks from potential misuse. We develop a …

Uncertainty about future economic and climate conditions substantially affects the choice of
policies for managing interactions between the climate and the economy. We develop a …

An estimate of the social cost of carbon (SCC) is crucial to climate policy. But how should we
estimate the SCC? A common approach uses an integrated assessment model (IAM) to …

Modelling the economics of climate change is daunting. Many existing methodologies from
social and physical sciences need to be deployed, and new modelling techniques and ideas …

Perhaps the most 'dangerous' aspect of future climate change is the possibility that human
activities will push parts of the climate system past tipping points, leading to irreversible …

If economists have largely failed to predict or prevent the Global Financial Crisis in 2008,
and the more disastrous economic collapse associated with the pandemic of 2020, what …

Evidence suggests that several elements of the climate system could be tipped into a
different state by global warming, causing irreversible economic damages. To address their …

We model the welfare consequences of mandates that restrict investors to hold firms with net-
zero carbon emissions. To qualify for these mandates, value-maximizing firms have to …

The shutdown in economic activity due to the coronavirus disease (COVID-19) crisis has
resulted in a short-term decline in global carbon emissions, but the long-term impact of the …