A Review of the Stern Review on the Economics of Climate Change.

Nordhaus, W. D. (2007). A Review of the Stern Review on the Economics of Climate Change. Journal of Economic Literature, 45(3), 686-702.

Type

Journal article

Intellectual base

Review or monograph

Year

2007

DOI

10.1257/jel.45.3.686

Link

https://doi.org/10.1257/jel.45.3.686

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Cost–Benefit Analysis
  • argued for low social discount rates (~1.4%) justified by intergenerational equity concerns, while Nordhaus (2007)

    This sourceCritiques Stern's ~1.4% consumption discount rate; argues for a higher market-based social discount rate; contrasts the two methodological approaches for long-horizon CBA.

• Discounting (Present Value)
  • argued for low rates (~1.4%, with very low pure time preference component ρ~0.1% and growth-related component dominating) yielding high social cost of carbon; Nordhaus 2007

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://www.aeaweb.org/articles?id=10.1257/jel.45.3.686 ×1

Registry ID ref:1f81909d5e73 · see in the full table