The goal of this interdisciplinary project is to build a computational model of the interactions between the economy, climate, and weather at a high degree of geographic resolution. This model will integrate a spatial model of the economic impacts of climate change with the Norwegian Earth System Model, which makes predictions about temperature, precipitation, wind, and extreme weather events at a high degree of geographic resolution as the climate changes. Capturing such interactions is critical for understanding how the economic impacts of climate change vary across space and time and for devising government policies that can ameliorate these impacts.
Participants
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Tony Smith
William K. Lanman, Jr. Professor of Economics
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Costas Arkolakis
Professor of Economics
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Samuel Kortum
Departmental Chair and James Burrows Moffatt Professor of Economics
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Trude Storelvmo
University of Oslo