Climate Conversations: The Macroeconomy

Join us for a discussion about how to better incorporate climate into economic models used in policy making.

Climate change will almost certainly influence policy across all sectors of the U.S. economy. However, macroeconomic modeling, which informs budgeting all the way up to the federal level and therefore the direction of the entire economy, does not yet account for the impacts of climate change. Join us for a conversation about how economists can better incorporate physical climate risks into macroeconomic models. Eric Kemp-Benedict (Stockholm Environment Institute) will moderate a conversation with Gregor Semieniuk (World Bank) and Tara Sinclair (U.S. Department of the Treasury) exploring why and how macroeconomic models were developed, the trade-offs economists have made to produce meaningful results, why factors as unpredictable as climate change are so hard to account for, and ways policy makers can better consider climate while modeling other economic variables.

The webinar will be webcast on the Climate Conversations: The Macroeconomy webpage on Wednesday, September 27, 2023 from 3:00-4:15pm ET. Closed captioning will be provided. The conversation will include questions from the audience and will be recorded and available to view on the page after the event.