We conduct a sensitivity analysis of a new type of integrated climate-economic model recently proposed in the literature, where the core economic component is based on the Goodwin-Keen dynamics instead of a neoclassical growth model. Because these models can exhibit much richer behaviour, including multiple equilibria, runaway trajectories and unbounded oscillations, it is crucial to determine how sensitive they are to changes in underlying parameters. We focus on four economic parameters (markup rate, speed of price adjustments, coefficient of money illusion, growth rate of productivity) and two climate parameters (size of upper ocean reservoir, equilibrium climate sensitivity) and show how their relative effects on the outcomes of the model can be quantified by methods that can be applied to an arbitrary number of parameters.
The Social Cost of Carbon with Economic and Climate Risks
Becker Friedman Institute at the University of Chicago（芝加哥大学贝克弗里德曼研究所）；Hoover Institution（胡佛研究所）；Department of Business Administration, University of Zurich（苏黎世大学工商管理系）
Economic Impacts of Climate Change in the United States: Integrating and Harmonizing Evidence from Recent Studies
National Center for Environmental Economics, Environmental Protection Agency, USA（美国环境保护局国家环境经济中心）；Doerr School of Sustainability, Stanford University（斯坦福大学迪尔可持续发展学院）；Department of Agricultural and Resource Economics, University of California, Berkeley（加州大学伯克利分校农业与资源经济学系）
A Deep Learning Analysis of Climate Change, Innovation, and Uncertainty
Arizona State University（亚利桑那州立大学）；University of Wisconsin（威斯康星大学）；University of Chicago（芝加哥大学）；University of California Santa Barbara（加州大学圣巴巴拉分校）；University of Pennsylvania（宾夕法尼亚大学）
Exploring the economic, social and environmental prospects for commercial natural annual grasslands by performing a sensitivity analysis on a multidisciplinary integrated model
AI worsens climate change, integrated assessment shows
Hebei University of Technology（河北工业大学）；International Institute for Applied Systems Analysis (IIASA)（国际应用系统分析研究所）；University of Sussex（萨塞克斯大学）；Vrije Universiteit, Amsterdam（阿姆斯特丹自由大学）；Tinbergen Institute（丁伯根研究所）；CESifo；Colorado School of Mines（科罗拉多矿业学院）；City University of Macau（澳门城市大学）
