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Virtual Seminar on Climate Economics - Shared screen
Òscar Jordà (SF Fed)
To ask a question, type it into this chat feature and select “Raise hand.” If you want me to read the question, type “Please ask” as well. Given the large audience, please be concise and avoid distracting side conversation.
Toan Phan
the input-output linkage amplification of shock: does it apply generally to any shocks, or anything specific to climate damage?
Simon Dietz
Ivan, could you remind us what you assume about the substitutability of consumption and amenities in utility and could you comment on how that affects your results for amenities?
Weiliang Tan
Hi Toan, thank you for your question! the input-output linkages apply generally, amplifying any shock
Gary Lyn
Hi Simon, Just to follow up on your question: we effectively model amenities and consumption as multiplicatively separable, consistent with assumptions in the economic geography literature.