Publications
Do tax incentives for research increase firm innovation? An RD design for R&D
We present the first evidence showing causal impact of research and development (R&D) tax incentives on innovation outcomes. We exploit a change in the asset-based size thresholds for eligibility for … read more »
The risk of climate ruin
How large a risk is society prepared to run with the climate system? This is a question of the utmost difficulty and it admits a variety of perspectives. In this … read more »
Appropriate time discounting in the public sector
A substantial literature of social discounting has now extended over more than 50 years, but practical approaches in developed economies and international bodies continue to vary widely. This is sometimes … read more »
Climate stories: Why do climate scientists and sceptical voices participate in the climate debate?
Public perceptions of the climate debate predominantly frame the key actors as climate scientists versus sceptical voices; however, it is unclear why climate scientists and sceptical voices choose to participate … read more »
Climate change and central banks
Presentation given by Professor Lord Nicholas Stern at a Bank for International Settlements event on 29 February 2016. Prepared with Amar Bhattacharya, Brookings Institution with support from the NCE programme … read more »
Rare events and risk perception: evidence from the Fukushima accident
We study changes in nuclear-risk perception following the Fukushima nuclear accident of March 2011. Using an exhaustive registry of individual housing transactions in England and Wales between 2007 and 2014, … read more »
Clean or dirty energy: evidence of corruption in the renewable energy sector
This paper studies the link between public policy and corruption for the case of wind energy. We show that publicly subsidized renewable energy can attract criminal appetites and favor the … read more »
China’s changing economy: implications for its carbon dioxide emissions
China is undergoing another major structural transformation. It is moving towards a new development model, focused on achieving better quality growth that is more sustainable and inclusive. It … read more »
Environmental Policy and Directed Technological Change: Evidence from the European Carbon Market
This paper investigates the impact of the European Union Emissions Trading System (EU ETS) on technological change, exploiting installations level inclusion criteria to estimate the System’s causal impact on firms’ … read more »
Environmental impacts of food trade via resource use and greenhouse gas emissions
Agriculture will need to significantly intensify in the next decades to continue providing essential nutritive food to a growing global population. However, it can have harmful environmental impacts, due to … read more »
