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Topic: William Nordhaus

	- Prometheus: William Nordhaus on The Stern Report Archives
		Nordhaus comments that Stern's choice of a zero discount rate "may have been a roundabout way to slow climate change sharply.
		Puzzlingly, Nordhaus fails to speculate on the a likely motivation for the "dramatic" clarity that the Stern report tries to provide - that the Stern report is intended by the UK government to assist with the political purpose of influencing domestic and international policies on climate change.
		Nordhaus and others have berated Stern for a number of technical errors and wild exageration.
	sciencepolicy.colorado.edu /prometheus/archives/climate_change/000996william_nordhaus_on_.html (1798 words)

	Why War? Keywords: William Nordhaus (Site not responding. Last check: 2007-10-26)
		Yale University economist William Nordhaus said the cost of war and rebuilding could range from $100 billion to $600...
		William Nordhaus, a professor of economics at Yale University, estimates the indirect cost...
		Kosiak cited figures developed by Yale professor William Nordhaus in "The Economic Consequences of a War with Iraq," part of a study by the...
	www.why-war.com /encyclopedia/people/William_Nordhaus (183 words)

	Impacts Of Sweden's Nuclear Power Phaseout Addressed In New RFF Book
		Nordhaus concludes that the economic and environmental rationales for a nuclear phaseout in Sweden are very thin, with substantial economic losses projected.
		Nordhaus also points out that Sweden's decision to phase out nuclear energy conveys a message about the priority of domestic energy concerns and international environmental commitments, especially those related to future climate change that aim to reduce emissions of greenhouse gases.
		William Nordhaus is the A. Whitney Griswold Professor of Economics at Yale University and a former member of the President's Council of Economic Advisers.
	www.eurekalert.org /pub_releases/1997-06/RftF-IOSN-180697.php (725 words)

	Comparison of Endogenous v (Site not responding. Last check: 2007-10-26)
		The baseline scenario used comes from William Nordhaus' original DICE model (economic section only) while Julian Simon's Technological Progress function is the basis for the endogenous relationship compared for sensitivity and alternate outcome scenarios.
		This conclusion was due to the level of assumption noted in Nordhaus along with the subtle and not-so-subtle variations between the two models.
		Nordhaus used PPP adjusted economic data for as many countries it was available for and assumed that was the world.
	envstudies.brown.edu /RISprawl/other/tbolioli-1999-dec.html (2330 words)

	Comments on William D. Nordhaus's, "Irving Fisher and the contribution of improved longevity to living ... (Site not responding. Last check: 2007-10-26)
		Taking the last issue, the health sector is no different from service sectors such as education for which national accounts data measure the out-of-pocket cost of inputs but do not include other costs such as the opportunity cost of time spent away from work while being educated.
		For example, the estimates of Jorgenson and Fraumeni (1995) of the output of the education sector, measured as the present value of increments in lifetime labor incomes (including nonmarket incomes), are considerably larger than the estimates based on cost of education by Kendrik (1976).
		Nordhaus has long been critical of the fact that conventional measures of national income at constant prices do not correctly reflect productivity gains, and I agree with him.
	www.findarticles.com /p/articles/mi_m0254/is_1_64/ai_n13803513 (841 words)

	War expensive, peace priceless - smh.com.au
		When the distinguished Ameri- can economist William Nordhaus set out to estimate the economic consequences of a war with Iraq, he made a discovery that will surprise many: the cost of the war could be dwarfed by the cost of the peace.
		Nordhaus, a professor at Yale, finds that the total cost to the US economy over the coming decade could be as little as $US100 billion ($165 billion) if everything went right, but as much as $US1.9 trillion ($3200 billion) if a lot of things went wrong.
		Nordhaus says it's hard to see how a serious attempt to turn Iraq into a modern democratic society could be accomplished in less than a decade.
	www.smh.com.au /articles/2003/02/18/1045330598304.html (957 words)

	Using survey data to assess bias in the Consumer Price Index (EXCERPT), Monthly Labor Review Online, Apr. 1998
		Nordhaus reasons that if real median household income rises in a particular year, more respondents should report becoming better off than worse off, and if real median income falls, more respondents should report becoming worse off than better off.
		Nordhaus estimates the implied bias in the CPI by determining the growth rate of real median income that is associated with an equal number of families reporting an improvement, compared with a decline, in their financial situation.
		Between 1974 and 1994, the percent change in average household income for each quintile was –7 percent for the lowest quintile, –3 percent for the second quintile, 1 percent for the middle quintile, 9 percent for the fourth quintile, and 31 percent for the top quintile, using the CPI-U-XL to deflate income.
	www.bls.gov /opub/mlr/1998/04/art2exc.htm (568 words)

	Productivity Growth And The New Economy
		Nordhaus further applies a productivity measurement based on the "welfare-theoretic" point of view, which gauges growth in average living standards.
		This is surely a considerable impact, but Nordhaus maintains that even after correcting for capital deepening, productivity has accelerated in all three of the sectors in his study.
		Nordhaus cautions however that the data in this area are not entirely established or understood.
	www.nber.org /digest/jun01/w8096.html (574 words)

	SSRN-The Economic Consequences of a War with Iraq by William Nordhaus
		WILLIAM D. Yale University - Department of Economics; National Bureau of Economic Research (NBER)
		Nordhaus, William D., "The Economic Consequences of a War with Iraq" (December 2002).
		This page was served by apollo3 in 0.17 seconds.
	papers.ssrn.com /sol3/delivery.cfm/SSRN_ID357723_code021203590.pdf?abstractid=357723 (302 words)

	Cato-at-liberty » Nordhaus vs. Stern
		One of the things I was most interested in at the time was what economists who specialized in the economics of climate change had to say about the Stern Review. The leading academic on this subject is William Nordhaus, an economist at Yale (another is Prof.
		Nordhaus about the Stern Review, I got a rather short and vague reply. Nicholas Stern is a good economist, Prof.
		Nordhaus said, and the report looked like a serious undertaking; the right questions were asked and the answers provided looked interesting. Beyond that, little else. Reporters I talked to told me this is what he had sent them as well. Apparently, Nordhaus was not ready to jump into the discussion yet.
	www.cato-at-liberty.org /2006/11/28/nordhaus-vs-stern (298 words)

	The Economic Costs of a War in Iraq: The Negative Scenario, by Dean Baker and Mark Weisbrot, CEPR, December 2002 (Site not responding. Last check: 2007-10-26)
		Nordhaus’ estimate of the immediate impact of a war-related oil price shock is comparable to the high-end estimates of the job loss in the United States that would result from implementing a Kyoto-type agreement restricting the emission of greenhouse gases.
		Nordhaus rejects this scenario since the stimulus resulting from increased spending is likely to be far more than offset by the negative effects of war on the economy (e.g.
		Nordhaus had projected that a negative war outcome would lead to a recession, which would lower GDP by approximately 2.4 percent for the next two years.
	www.cepr.net /publications/econ_war_2002_12.htm (7501 words)

	Yale Bulletin and Calendar
		William Nordhaus, the A. Whitney Griswold Professor of Economics and former member of the President's Council of Economic Advisors, will discuss "The Problem of Global Public Goods" on Wednesday, Feb 21, at 6 p.m.
		Nordhaus is the author of many books, including the classic textbook, "Economics," which he coedited with Paul Samuelson; its 17th edition was published last fall.
		Nordhaus completed his undergraduate work at Yale, and holds a doctorate in economics from the Massachusetts Institute of Technology.
	www.yale.edu /opa/v29.n19/story13.html (469 words)

	Asia Times
		In fact, we may not be able to see the macro forest for the micro trees, according to William Nordhaus, an economics professor at Yale University.
		Nordhaus write "In virtually every country where the US intervened militarily over the last four decades, it has followed a "hit and run" philosophy by which bombing runs have seldom been followed by construction crews.
		Nordhaus believes that "a plausible outcome would be an average recession set off by a protracted conflict, with output losses in the range of 2 to 5 percent of GDP [$200 billion to $500 billion in today’s dollars]."
	www.atimes.com /atimes/Middle_East/DK23Ak02.html (1140 words)

	Foreign Policy In Focus \| After Kyoto: Alternative Mechanisms to Control Global Warming (Site not responding. Last check: 2007-10-26)
		William D. Nordaus is the Sterling Professor of Economics at Yale University.
		This paper was originally presented at the American Economic Association Session on Global Warming and the Kyoto Protocol, January 2006, and is reprinted with permission by Foreign Policy In Focus (www.fpif.org).
		William D. Nordhaus, "After Kyoto: Alternative Mechanisms to Control Global Warming," (Silver City, NM and Washington, DC: Foreign Policy In Focus, March 27, 2006).
	www.fpif.org /fpiftxt/3167 (2764 words)

	Speakers Biographical Information - William Nordhaus (Site not responding. Last check: 2007-10-26)
		He is a member and senior advisor of the Brookings Panel on Economic Activity (Washington, D.C.) and is a Fellow of the American Academy of Arts and Sciences.
		Professor Nordhaus is current or past editor of a number of scientific journals and has served on the executive committees of the American Economic Association and the Eastern Economic Association.
		Professor Nordhaus lives in central New Haven with his wife Barbara and their vintage Golden Retriever, Pandora.
	www.yale.edu /edsig/nordhaus.html (301 words)

	Warning Iraq War Could Put World Into Deep Recession
		According to William Nordhaus, Sterling professor of economics at Yale University, the best-case scenario of a short, "clean" war is likely to incur costs for which no amount of increased Iraqi oil production could compensate.
		Professor Nordhaus estimates anywhere from $75bn to $500bn (£47bn to £316bn), depending on the length and difficulty of the operation or the task of rebuilding the country and nurturing its economic development.
		Most of that would be needed for food, medicine and other immediate necessities, and the rest would probably go to paying off the $300bn in unpaid claims from other countries left over from the 1991 war.
	www.rense.com /general31/warningiraqwarcouldn.htm (887 words)

	Productivity Growth and Employment
		A recent NBER Working Paper by William Nordhaus investigates the productivity rebound along with the relationship between productivity growth and employment in manufacturing.
		In addition, Nordhaus uses detailed data on productivity and employment to study the relationship between productivity shocks and employment changes in manufacturing.
		In the paper, Nordhaus uses a number of datasets on industrial production and productivity, and a range of econometric tests, to examine the relationship between productivity and employment.
	www.nber.org /digest/nov05/w11354.html (575 words)

	Amazon.com: Warming the World: Economic Models of Global Warming: Books: William D. Nordhaus,Joseph Boyer (Site not responding. Last check: 2007-10-26)
		William Nordhaus has led the way in studying the potential economic cosequences of global warming, and this book should be considered essential reading for those who are more than a little interested in topic (and shouldn't we all be?).
		Nordhaus describes past work on the economic costs of global warming, uses a summing-up approach to arrive at estimates of damage costs for greenhouse gas emissions, then compares these results to abatement cost estimates for various policy options.
		In the present work, Nordhaus has reduced the rate of discounting for more distant future economic values, increased the range of costs considered, and increased the complexity of his model, thereby strengthening the results of his analysis.
	www.amazon.com /Warming-World-Economic-Models-Global/dp/0262140713 (1578 words)

	Samuelson, Paul Anthony/Nordhaus, William D. Economics. International Edition - Preisvergleich, Produktsuche und ... (Site not responding. Last check: 2007-10-26)
		Produktsuche und Preisvergleich für Samuelson, Paul Anthony/Nordhaus, William D. Economics.
		The book continues to be the standard-bearer for principles courses, and this revision continues to be a clear, accurate, and interesting introduction to modern economics principles.
		Bill Nordhaus is now the primary author of this text, and he has revised the book to be as current and relevant as ever.GbSamuelson, Paul A.18th ed.
	www.allpreis.de /g/1281526.html (147 words)

	Costs and Benefits of Warm - 3
		William Cline and William Nordhaus estimated, separately, the cost of warming of 2.5 degrees Celsius at about one percent of the U.S. But both ignored potential benefits from a warmer climate.
		In fact, Nordhaus calculated the cost at only one-quarter of one percent, then guessed, on the basis of unmeasured sectors, that the total might be as high as one or two percent.
		William D. Nordhaus.MANAGING THE GLOBAL COMMONS, Cambridge, MA: MIT Press, 1994.
	www.stanford.edu /~moore/costs-benefits.html (1239 words)

	Amazon.ca: The Swedish Nuclear Dilemma: Energy and the Environment: Books: William D. Nordhaus (Site not responding. Last check: 2007-10-26)
		Renowned economist William Nordhaus has developed many innovative approaches for analyzing complex environmental questions.
		Nordhaus discusses and models the impact of new factors such as possible deregulation of electricity generation, efforts to address global climate change, and the decline of Sweden's economic growth and the rethinking of its welfare state.
		William D. Nordhaus is A. Whitney Griswold Professor of Economics at Yale University.
	www.amazon.ca /Swedish-Nuclear-Dilemma-Energy-Environment/dp/0915707845 (557 words)

	SEDAC--IA Thematic Guide--The DICE Model
		The DICE model, developed by William Nordhaus, is a dynamic integrated model of climate change in which a single world producer-consumer makes choices between current consumption, investing in productive capital, and reducing emissions to slow climate change.
		In an earlier analysis, Nordhaus developed an estimate of the sensitivity to climate change of the U.S. economy by looking separately at each major sector.
		The equations used for RICE are published in the appendix of Nordhaus and Yang 1995.
	sedac.ciesin.org /mva/iamcc.tg/TGsec4-2-15.html (662 words)

	DICE: Background and Review
		A landmark paper by William Nordhaus and Gary Yohe published in 1983 outlines an earlier effort at estimating future carbon dioxide emissions from fossil fuels.
		Nordhaus, William D. Economic approaches to greenhouse warming.
		Nordhaus, William D. An optimal transition path for controlling greenhouse gases.
	sedac.ciesin.org /mva/DICE/DICEBR.html (354 words)

	Managing the Global Commons: The Economics of Climate Change. \| * Utilities from AllBusiness.com (Site not responding. Last check: 2007-10-26)
		Only in the most recent years have economists become seriously involved in the debates, and William Nordhaus' work is the second comprehensive economic analysis of the subject.
		The aim of the benefit-cost analysis that is the essence of Nordhaus' book is to determine the optimal path of these controls.
		For while Nordhaus' way of structuring the problem and analytical approaches are instructive and likely to be re-employed in coming attempts at tackling the issue, his results are almost bound to be overridden by the massive amounts of empirical observations that will emerge next year or the year after.
	www.allbusiness.com /utilities/514959-1.html (678 words)

	Economics and Policy Issues in Climate Change (Site not responding. Last check: 2007-10-26)
		The result is an instructive and cogent look at the realities of climate change and some methods (and difficulties) of dealing with them.
		William Nordhaus’s introduction establishes the context for the book.
		It provides basic scientific background on climate change, reviews the IPCC’s activities, and explains the genesis of the analyses.
	www.rff.org /rff/rff_press/bookdetail.cfm?outputID=3104 (175 words)

	The Hidden Costs of War
		Yale economist William D. Nordhaus has suggested that governments often understate the costs of conflict because 'If wars are thought to be short, cheap, and bloodless.
		Two non-governmental studies of the costs of war with Iraq beyond go beyond the budgetary costs addressed in Congressional analyses to examine the full costs of war to the U.S. economy.
		Nordhaus estimates that the costs of a conflict with Iraq could range from $99 billion to $1.9 trillion over the next decade.
	www.iansa.org /iraq/hidden_costs.htm (1894 words)

	ESM 595SS: Winter 2006 Syllabus
		To achieve the goal of understanding the multidisciplinary nature of climate change, we will make heavy use of a simple policy model of climate change that contains elements of the natural science side of the problem as well as economics.
		Part of the course involves developing your own economic model of the climate and economy to use for policy analysis, based on William Nordhaus’ DICE model, listed in the back of his book.
		Nordhaus’ website, and we hope to code one for Matlab.
	fiesta.bren.ucsb.edu /~dozier/Class/ESM595SS/Syllabus/Syllabus2006.htm (428 words)

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