Interested in details on empirical evidence, theoretical mechanisms, or solution methods for a non-stationary incomplete markets model?
Check out the paper here: hannahroemer.github.io/HR_JMP_CCS.pdf
And see my website hannahroemer.com my for other work
Climate beliefs matter, both on aggregate and distributionally:
🔹NPV of output ⬇️ by 12% under low awareness
🔹disproportionate income losses for poor households
I incorporate climate change into an incomplete markets model as a shift in the stochastic productivity process.
Awareness over this shift pushes up individual savings, consistent with observational and causal UK survey data.
I'm on the Job Market this year 🚀
Really happy to share my JMP: "Climate change beliefs and savings behavior: a macroeconomic perspective"
I show how beliefs over structural shifts affect transitional macroeconomic dynamics, using the example of climate change 👇
