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Meldungen des Tages:
1. Institutsseminar INWE (Klaus Salhofer)
----------------------------------------------------------------------
Message: 1
Date: Fri, 11 Oct 2024 13:30:19 +0200
From: "Klaus Salhofer" <klaus.salhofer@boku.ac.at>
To: "noeg-l@wu.ac.at" <noeg-l@wu.ac.at>
Cc: <johannes.schmidt@boku.ac.at>,<ulrich.morawetz@boku.ac.at>
Subject: [NOeG-l] Institutsseminar INWE
Message-ID: <67090C4B020000D00009086D@gwia1.boku.ac.at>
Content-Type: text/plain; charset="utf-8"
Seminar Announcement
Diego Känzig (Northwestern University and NBER) will present his paper
"The macro economic impacts of climate change: global vs. local
temperature", in our institute seminar (online only).
Date and Time: November, 5th, 12:00-13:00
Zoom link (no registration necessary):
https://bokuvienna.zoom.us/j/65359604392
Abstract: This paper estimates that the macroeconomic damages from
climate change are six times larger than previously thought. Exploiting
natural global temperature variability, we find that 1°C warming reduces
world GDP by 12%. Global temperature correlates strongly with extreme
climatic events unlike country-level temperature used in previous work,
explaining our larger estimate. We use this evidence to estimate damage
functions in a neoclassical growth model. Business-as-usual warming
implies a 29%present welfare loss and a Social Cost of Carbon of $1,065
per ton. These impacts suggest that unilateral decarbonization policy is
cost-effective for large countries such as the United States.
A short accessible discussion of the paper can be found here:
https://cepr.org/voxeu/columns/why-global-temperature-matters,
while the current version of the working paper can be downloaded here:
https://dkaenzig.github.io/diegokaenzig.com/Papers/bk\_micc.pdf
( https://dkaenzig.github.io/diegokaenzig.com/Papers/bk%5C_micc.pdf)
CV Diego Känzig
Diego Känzig is an Assistant Professor in the Department of Economics
at Northwestern University, a Faculty Research Fellow at the National
Bureau of Economic Research and a Research Affiliate at the Centre for
Economic Policy Research. His research interests are in macroeconomics
and macro-finance with a focus on climate change and inequality. In his
work, he studies the role of energy and climate change for financial and
macroeconomic fluctuations and how economic inequality and household
finance matter for the macroeconomy and macroeconomic policy. His
research has been published in leading peer-reviewed journals including
the American Economic Review and the Journal of Monetary Economics.
Diego holds a PhD in Economics from London Business School and an MSc in
Economics from the Universities of Bern and Basel.
Looking forward to your participation and feel free to distribute the
invitation in your networks,
Johannes Schmidt and the organisers of the Institute Seminar of the
Institute of Sustainable Economic Development at BOKU University
---------------------------------
Klaus Salhofer, Professor
University of Natural Resources and Life Sciences, Vienna
Department of Economics and Social Sciences
Institute of Sustainable Economic Development
Feistmantelstrasse 4
1180 Vienna
Austria
Phone: ++43-1-47654-73129
E-mail: klaus.salhofer@boku.ac.at
Web: http://www.wiso.boku.ac.at/en/inwe/
Universität für Bodenkultur Wien
Department für Wirtschafts- und Sozialwissenschaften
Institut für Nachhaltige Wirtschaftsentwicklung
Feistmantelstraße 4
1180 Wien
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