Rick van der Ploeg

TL;DR: In this paper, the authors apply a mainstream climate physics model to the economics of Lemoine and Rudik (2017) and invalidate the article's implications for climate policy: the cost-effective carbon price that limits warming to a range of targets including 2 oC starts high and increases at the interest rate.

TL;DR: In this paper, the optimal climate policy is investigated in a Ramsey growth model of the global economy with exhaustible oil reserves, an infinitely elastic supply of renewables, stock-dependent oil extraction costs and convex climate damages.

TL;DR: In this paper, the tractable general equilibrium model developed by Golosov et al. is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages, steady labour-augmenting technical progress, specific green technical progress driven by learning by doing, population growth, and a direct effect of the stock of atmospheric carbon on instantaneous welfare.

TL;DR: This article provided a micro-founded analysis of absorption constraints, based on the idea that expanding the economy's capital stock (in aggregate or sectorally) requires non-traded inputs, the supply of which is constrained by the initial capital stock.

TL;DR: In this paper, the authors investigated the role of scrapping and modifying projects of previous governments in public investment projects and investigated the optimal second-best restriction on public debt that would prevail under the socially optimal outcome.