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Estimating the Consequences of Climate Change from Variation in Weather

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NBER2018-09-01 更新2025-01-04 收录
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I formally define the limits of what we can learn about the consequences of long-run climate change from short-run weather shocks. I show that conventional approaches to estimating climate impacts require assuming that payoffs are independent of capital and resource stocks. I derive a new indirect

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2018-09-01
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