Topic: Sensitivity Analysis of Macroeconomics Models on Climate Change
Date of Presentation: Wednesday, Nov 9, 2022
Location: BSB 121 and Online
Climate change is now happening at a significantly faster rate than ever seen in the history of modern civilization which is caused by growing economic activity. However, Estimating the influence of climate change on the economy is a very complex task, as not only the economic system but also the climate model is very uncertain. As a result, there are many economics-climate models with different properties and uncertain variables. We will present a sensitivity analysis to be comparing and select those models, so it can help policymakers to select a better choice in order to make green policies.
Yicheng’s Bio: Yicheng is a 4th year Ph.D. student at the School of Computational Science and Engineering at McMaster University. Yicheng is working on his Ph.D. based on machine learning, finance, and economics. Currently, Matheus Grasselli is supervising Yicheng in the research of macroeconomics-climate models to make a better policy for climate issues, such as global warming.