∗ I thank Joe Aldy (discussant), Hunt Allcot, Jonathan Berk, Sebastian Bauer, Elaine Buckberg, Darrell Duffie, Alex Edmans, Tim Eisert (discussant), Lawrence Goulder, Lars Hansen, Sebastian Hanson, Ben Hébert, Marcin Kacper- czyk, Mete Kılıç (discussant), Arvind Krishnamurthy, Hanno Lustig, Adrien Matray, Amit Seru, Lior Shabtai (dis- cussant), Ľuboš Pástor, Monika Piazzesi, Stefan Reichelstein, Edward Watts, Oliver Xie, Luigi Zingales, as well as seminar and conference participants at FIRS Conference 2024, SoFiE Conference 2024, Harvard气候经济学研讨会,Uchicago,UC Santa Cruz,USC Marshall,CEPR-ESSEC-LUXEMBOURG可持续局部中间人中间人会会议,IMSI/MFR会议,“评估气候变化的经济和环境后果”,以及2022年GEA Winter会议,以获取有用的评论。所有错误仍然是我自己的。第一个版本:2022年9月27日。
