Conference: Macro Economics and the Environment: Climate Change, Policy Design, and Sustainability
There were several objectives of the one day conference held on May 5, 2011. There is broad recognition that the policies needed to address climate change and other global environmental problems are likely to have economy wide impacts. With a few notable exceptions, economic analyses of the large scale environmental issues have not exploited the insights available using dynamic general equilibrium models that recognize the potential importance of shocks for policy design and evaluation.
This conference was intended to initiate the process of framing an integrated research agenda associated with these problems that reflects insights from current macro theory and environmental economics. It was deliberately limited to a few key papers to allow time for extensive discussion and to launch what we expect to be a continuing dialogue.
Philippe Aghion, Robert C. Waggoner Professor of Economics, Harvard University