A Macroeconomic Framework for Climate Investment

Development Policy Seminar
A Macroeconomic Framework for Climate Investment with Implications for Structural Change and Employment 

Tuesday, 21 March 2017 
3:00 pm to 4:30 pm 
UN Secretariat Building, S-1525   
Presented by: 
Prof. Willi Semmler 
 Henry Arnhold Professor of International Cooperation and Development 
The New School for Social Research 
The New School, New York 
Chaired by:        
Chief, Development Strategy and Policy Analysis Unit 
Development Policy and Analysis Division, UN/DESA
Willi Semmler is professor in the Department of Economics at The New School for Social Research (NSSR) since 1980.  Professor Semmler is known for his research on the economic causes and impacts of global warming. Applying multiple research tools, he asks what damage global warming is causing on economic development and the life of future generations, and what is the economic impact of adopting various mitigation and adaptation strategies and policies (see 2015 book The Oxford Handbook of the Macroeconomics of Global Warming, published by Oxford University Press). The Handbook analyzes the macroeconomics of global warming, especially the economics of preventative policy measures and changes, and the potential consequences of climate change on developing and developed nations. The present book presents state-of-the-art essays that focus on the macroeconomic modelling of climate change policies. Both adaptation and mitigation investment would cause structural transformation in the economy and society, with mutual feedback for employment, output and demographic dynamics. Diverse investment scenarios imply changing risks and vulnerabilities in developing countries, while the role of governing institutions is central to induce ST policies towards low-carbon economies and to overcome free-rider problems. 
Prof. Semmler's other research interests include dynamic modelling, macroeconomics, financial economics, time series and computational methods in economics and finance, resource economics, economics of growth, and technical change. Semmler is internationally known for his work on non-linear dynamics and modelling of instability, regime changes and economic cycles. He is author, co-author, or editor of 19 books on topics ranging from Dynamic Macroeconomics: Fluctuations and Growth in Monetary Economies (MIT, 1997) and Asset Prices, Booms and Recessions: Financial Economics from a Dynamic Perspective (3rd edition, Springer, 2011), to Global Environment, Natural Resources and Economic Growth (Oxford, 2008). 
The Development Policy Seminar series is brought to you by the Development Strategy and Policy Analysis Unit of the Development Policy and Analysis Division (DPAD) of UN/DESA. For inquiries, please contact Alex Julca at julca@un.org