Climate risk and the natural interest rate: An E-DSGE perspective

We examine the effect of climate-induced temporary extreme weather events on the natural real interest rate by incorporating environmental aspects into a Keynesian growth model. We find that environmental damage accentuates the reduction in the natural real interest rate caused by climate-induced te...

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Veröffentlicht in:	Economics letters 2024-05, Vol.238, p.1-6, Article 111719
Hauptverfasser:	Levine, Paul, Pontines, Victor
Format:	Artikel
Sprache:	eng
Schlagworte:	Carbon dioxide climatic factors Damage function economics Environmental damage growth models Keynesian growth Natural interest rate risk weather
Online-Zugang:	Volltext
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