Incorporating Climate Change and Climate Policy into Macroeconomic Modeling: Proceedings of a Workshop

National Academies of Sciences, Engineering, and Medicine,Division of Behavioral and Social Sciences and Education,Policy and Global Affairs,Division on Earth and Life Studies,Board on Environmental Change and Society,Board on Science, Technology, and Eco

ISBN 10: 0309714672 / ISBN 13: 9780309714679

Published by National Academies Press, 2024

About this Item

Seller Inventory # mon0003619496

Bibliographic Details

• Title: Incorporating Climate Change and Climate Policy into Macroeconomic Modeling: Proceedings of a Workshop
• Publisher: National Academies Press
• Publication Date: 2024
• Language: English
• ISBN 10: 0309714672
• ISBN 13: 9780309714679
• Binding: paperback
• Condition: Fine

About this title

Synopsis

Macroeconomic models, essential for decision making and federal budget planning, may not appropriately consider the wide breadth of climate-related impacts that potentially have large macroeconomic significance. Challenges integrating climate factors into macroeconomic analyses can stem from the complexity of macroeconomics, climate science, policy instruments, and their interactions. Although economists have made progress in developing tools to understand climate-related impacts on the macroeconomy, much of the climate and macroeconomic research has historically been conducted in disciplinary silos that can limit a holistic understanding of climate-related impacts on the macroeconomy.

The National Academies of Sciences, Engineering, and Medicine, under the auspices of the Roundtable on Macroeconomics and Climate-Related Risks and Opportunities, convened a workshop on June 14-15, 2023, to consider current macroeconomic models and suggest opportunities that may improve the incorporation of climate-related factors into macroeconomic modeling. Through panels of invited speakers and an interactive breakout discussion, the workshop explored an array of macroeconomic models and potential pathways to integrate some of the physical and transition effects of climate change. This publication summarizes the presentations and discussion of the workshop.