Adrien Bilal

Adrien Bilal : « Aborder le climat avec une perspective macroéconomique » A 34 ans, ce professeur de macroéconomie à l’université Stanford, aux Etats-Unis, est spécialiste du marché du travail, des disparités régionales et de l’économie du climat.

Many thanks to @lemonde.fr and Le Cercle des Economistes for having me in great company as nominee for the Prize of the Best Young French Economist, with Lauriane Mouysset and @mathieupar.bsky.social!

Huge congrats to @abergeaud.bsky.social for winning the prize!

shorturl.at/fXmtt

Surveying the literature that links macroeconomics and climate change through: loss and damage, mitigation and the energy transition, and adaptation, from Adrien Bilal and James H. Stock https://www.nber.org/papers/w33567

Proposing an analytic representation of sequence-space Jacobians in heterogeneous agent models in continuous time, which leads to a threefold speed gain, from Adrien Bilal and Shlok Goyal https://www.nber.org/papers/w33525

In "Some Pleasant Sequence-Space Arithmetic in Continuous Time" with Shlok Goyal we derive new formulas and algorithms to solve continuous time heterogeneous agent models with sequence-space methods. It is 3 times faster than discrete time!

Code/github: shorturl.at/tcL7A
Paper: shorturl.at/K2jIq

Anthropogenic greenhouse gas emissions are rapidly warming our planet, with potentially severe economic, social, and health consequences. Conventional estimates of climate damages suggest that while coordinated global efforts are desirable, unilateral action is rarely cost-effective due to a classic free-rider problem. Why should a country bear the costs of reducing emissions when the benefits are shared globally? This column re-evaluates this view in light of new climate damage estimates based on global temperature variation, showing that the economic case for unilateral decarbonisation is far stronger than previously thought.

@dkaenzig.bsky.social & @adrienbilal.bsky.social show that, in light of new #climate damage estimates based on global temperature variation, the economic case for unilateral #decarbonisation is far stronger than previously thought.
cepr.org/voxeu/column...
#EconSky

Distilling theoretical and empirical research linking urban, regional, and spatial economics to the environment; examining how environment shapes spatial outcomes and how spatial forces affect environment, from Clare A. Balboni and Joseph S. Shapiro https://www.nber.org/papers/w33377

Does Unilateral Decarbonization Pay For Itself? Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

woops, working link here: shorturl.at/rPBGV

🌎Does unilateral decarbonization pay for itself? In our new working paper, @adrienbilal.bsky.social and I analyze whether large economies like the U.S. and E.U. can justify broad decarbonization policies based purely on domestic economic benefits.

WP: nber.org/papers/w3336...

#econsky

Does unilateral decarbonization pay for itself?
In our new short working paper, @dkaenzig.bsky.social and I analyze whether broad decarbonization passes cost-benefit analyses based on purely domestic economic gains in large economies like the U.S. and E.U.

WP: nber.org/papers/w3336...

A great and fun opportunity if you are in graduate school and interested in quantitative macro. Consider applying!

New paper characterizing trends in wildfire smoke PM2.5 in the US, incl. updated daily dataset and implications for air quality regulation. Below is animation of 2023.
Paper: eartharxiv.org/repository/v...
Data (BETA version): www.stanfordecholab.com/wildfire_smoke
Quick thread:

New paper: benjaminmoll.com/challenge/

Exploring US construction productivity by presenting a model in which local land-use controls limit the size of building projects, from Leonardo D'Amico, Edward L. Glaeser, Joseph Gyourko, William R. Kerr, and Giacomo A.M. Ponzetto https://www.nber.org/papers/w33188

Firms' selective hiring explains a labor market puzzle: How careful screening shapes wage patterns and worker sorting, from Katarína Borovičková and Robert Shimer https://www.nber.org/papers/w33184

A review of recent research on spatial economics, from Stephen J. Redding https://www.nber.org/papers/w33125

Alejandro Cuñat, Harald Fadinger, Kalina Manova and I are organizing the 8th Workshop on International Economic Networks (WIEN) to take place in beautiful Vienna on June 26-7, 2024. Send us a paper for consideration! We're particularly keen on receiving submissions from young scholars.