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Combating Climate Change. Lessons from Macroeconomics, Political Economy, and Public Finance

Climate change is generally deemed one of the most urgent and challenging problems mankind has to deal with. The damages from global warming do not only gradually diminish aggregate production via worsening of health, drops in agricultural productivity, etcetera, but also via catastrophic shocks which are more imminent and more likely to occur as global warming becomes more acute. The appropriate response thus has to deal with uncertain marginal and non-marginal impacts. It has many fascinating facets and a fruitful analysis of policies to combat global warming requires inputs from almost all disciplines of economics. Interesting contributions are expected to come from analyses at the interface of macro, international trade, public finance, political economy, and environmental and resource economics. The conference brings together leading experts from these fields to discuss recent developments, ‘xenogamy’ possibilities between the different disciplines, and new challenges related to combating climate change.