Macroeconomic Models for Climate Resilience

12/2021 | Educational material

The CRED brief "Macroeconomic Models for Climate Resilience" describes how macroeconomic models can serve as an additional tool for adaptation and development planning. One of the benefits of using such models is that they provide a single coherent framework for integrating economy-wide impacts (e.g. in terms of GDP and employment) of climate hazards, economic development trends and effects of adaptation measures. Importantly, the brief presents a 7-step approach how macroeconomic models support adaptation policies.
 

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