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DTEND;TZID=Europe/London:20151019T160000
UID:583ee84e4f1ee
DTSTAMP;TZID=Europe/London:20161130T145510Z
LOCATION:LSE\, TW2\, 9.05
DESCRIPTION:Per Krusell\, Professor of Economics at Stockholm University and Visiting Professor in the Department of Economics at the London School of Economics\, will be the speaker for this seminar.
<p style="text-align: justify\;">In this seminar Per presents his work with Anthony A. Smith\, Jr. (Yale) in which a global model of economy-climate interactions featuring a high degree of geographic resolution: 1-by-1 degree regions on the map. The model also extends Nordhaus’s DICE and RICE models to an explicit dynamic\, stochastic general equilibrium setting. He then uses the model as a laboratory to quantify the distributional effects of climate change and climate policy. Per also uses the model to analyze the effects of a subset of regions imposing a carbon tax (or a quantity restriction on emissions): what happens to global emissions\, and which regions gain and which lose\, and how much? In short\, it is found that the distributional effects swamp the average effects.</p>
URL;VALUE=URI:http://www.lse.ac.uk/GranthamInstitute/event/grantham-seminar-climate-change-around-the-world/
SUMMARY:Grantham Seminar | Climate Change Around the World
DTSTART;TZID=Europe/London:20151019T143000
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