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Cited by 1,735

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

A Review of the Stern Review on the Economics of Climate Change

Nordhaus, William D·2007·Journal of Economic Literature

Abstract

How much and how fast should we react to the threat of global warming? The Stern Review argues that the damages from climate change are large, and that nations should undertake sharp and immediate reductions in greenhouse gas emissions. An examination of the Review's radical revision of the economics of climate change finds, however, that it depends decisively on the assumption of a near-zero time discount rate combined with a specific utility function. The Review's unambiguous conclusions about the need for extreme immediate action will not survive the substitution of assumptions that are consistent with today's marketplace real interest rates and savings rates.

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Research works printed but not linked: 16

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  2. Castles Ian, 2006, World Economics, 7, 199
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Metadata

Authors
Nordhaus, W. D.
Venue
Journal of Economic Literature
Published
2007-07-01
Volume
45
Issue
3
Pages
686-702
ISSN
0022-0515 (ISSN-L)
OpenAlex
W1971959487
Cited by
1,735
References
2
FWCI
288.08
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: A Review of the Stern Review on the Economics of Climate Change. https://app.cochat.ai/papers/10.1257/jel.45.3.686
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Nordhaus, W. D. (2007). A Review of the Stern Review on the Economics of Climate Change. Journal of Economic Literature. https://doi.org/10.1257/jel.45.3.686

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