Climate Change

Climate Economics

G20 Features SCEPA Article on Climate

This year’s materials for the G20 Summit include a SCEPA research paper co-written by Willi Semmler, the Director of SCEPA’s Economics of Climate Change project. The paper investigates how to recover the European Union (EU)’s sense of common aims after the Covid-19 crisis to address challenges such as long-term scarring of the labor market, Climate Change, European social and health care system and sustainability of sovereign debt. 

Optimal Control of a Global Model of Climate Change

The economy-climate interaction and an appropriate mitigation policy for climate protection have been treated in various types of scientific modeling. This paper focuses on the seminal work by Nordhaus on the economy-climate link and extends that model to include optimal policies for mitigation, adaptation, and infrastructure investment studying the dynamics of the transition to a low fossil-fuel economy.

Sustainability

The Real Driver of Rising Inequality

Wage suppression - not monopoly power - is fueling corporate profits and the growing gap between rich and poor.
Past Event

Policies to Reverse Inequality

Only a power and resource shift from capital to labor can reverse the entrenched trends of inequality.

Resource Library

Economic Growth, Income Distribution & Climate Change

This paper explores how climate damage affects the long-run evolution of the economy.

Green Bonds for the Transition to a Low-Carbon Economy

The green bond market is emerging as an impactful financing mechanism in climate change mitigation efforts. The effectiveness of the financial market for this transition to a low-carbon economy depends on attracting investors and removing financial market roadblocks.

A Bayesian Latent Variable Mixture Model for Filtering Firm Profit Rate

This paper examines the distribution of profit rates in the United States using firm-level data to examine the theory of the equalization of the rate of profit.