The NESG 2018 Keynote Lecture will be given by:

Peter C.B. Phillips  (Yale University, United States)

Dynamic Panel Modeling of Climate Change
We discuss some conceptual and practical issues that arise from the presence of global energy balance effects on station level adjustment mechanisms in dynamic panel regressions with climate data. The paper provides asymptotic analyses, observational data computations, and Monte Carlo simulations to assess the use of various estimation methodologies, including standard dynamic panel regression and cointegration techniques that have been used in earlier research. Intriguingly from an econometric perspective and importantly for global policy analysis, it is shown that despite the substantial differences between the estimates of the regression model parameters, estimates of global transient climate sensitivity (of temperature to a doubling of atmospheric CO2) are robust to the estimation method employed and to the specific nature of the trending mechanism in global temperature, radiation, and CO2.

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Registration by 21 May 2018

Free admission to the day program for MSc Students.

Please find more information on the NESG 2018 Conference website.

Sponsors
Amsterdam School of Economics
Tinbergen Institute