Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon

The optimal reaction to a pending productivity shock of which the expected arrival time increases with global warming is to accumulate more precautionary capital to smooth consumption and to levy a carbon tax, proportional to the marginal hazard of a catastrophe, to curb the risk of climate change. The carbon tax holds down the stock of greenhouse gases, so that the risk of catastrophe decreases…

Fatal error: Uncaught Error: Call to undefined function twentynineteen_the_posts_navigation()
in /storage/content/64/156064/beijer.kva.se/public_html/wp-content/themes/beijer/archive.php on line 42

Call stack:

  1. include()
    wp-includes/template-loader.php:106
  2. require_once()
    wp-blog-header.php:19
  3. require()
    index.php:17

Query Monitor

WordPress › Error

There has been a critical error on this website.

Learn more about troubleshooting WordPress.