University of Chicago’s Esteban Rossi-Hansberg will present his research evaluating The Economic Geography of Global Warming as part of the Friedman Forum speaker series. The Friedman Forum series offers students an opportunity for informal discussions with prominent economists.

Global warming is a worldwide phenomenon with a long and diverse list of potential local economic effects. In new research, Esteban Rossi-Hansberg and co-authors are using a dynamic economic assessment model of the world economy to evaluate the aggregate and local economic consequences of higher temperatures. Their baseline results show welfare losses from global warming as large as 20% in parts of Africa and Latin America but also high heterogeneity across locations, with northern regions in Siberia, Canada, and Alaska experiencing gains. The authors find that global warming will increase spatial inequality, since estimated welfare losses across locations are negatively correlated with current real income and welfare. They employ the model to assess the impact of policies like carbon taxes and clean energy subsidies, as well as abatement technologies. Read the related working paper here. Lunch will be provided at this event. Register here.

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Economist Esteban Rossi-Hansberg is the Glen A. Lloyd Distinguished Service Professor at the University of Chicago. Rossi-Hansberg’s research focuses include international trade, urban and regional economics, and macroeconomics. He was most recently at Princeton as the Theodore A. Wells ’29 Professor of Economics and International Affairs and is a Research Associate with the National Bureau of Economic Research (NBER), as well as a Research Fellow with the Center for Economic Policy Research (CEPR).
The Becker Friedman Institute for Economics serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the Harris School of Public Policy, and the Law School in an unparalleled effort to uncover new ways of thinking about economics.
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