Examining how the transition from fossil fuels to clean energy affects labor markets, focusing on barriers to worker adjustment and how these risks can be models, from Marc A.C. Hafstead and @roberton.bsky.social www.nber.org/papers/w34723

Important paper. Climate economics debate can get into the weeds on whether measured productivity or GDP effects of climate are "large" or "small." This paper shows how welfare modeling perspective can incorporate interaction of climate with other distortions, especially tax. @roberton.bsky.social

Using analytical and numerical general equilibrium models to investigate the channels through which microeconomic shocks affect the macroeconomy, from Marc A. C. Hafstead and @roberton.bsky.social www.nber.org/papers/w34661