Climate change presents a unique challenge in that policy makers need to balance the speed and scale required to achieve global objectives within the time required to ensure political acceptability and social sustainability. Within Reach: Navigating the Political Economy of Decarbonization...

We offer an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on...

Natural disasters can cause substantial damage to public and private sector infrastructure capital, generating macroeconomic losses through complex channels. These shocks must be managed and accounted for with macrofiscal and monetary policy to minimize their welfare impacts. To support this...