Replication Data for: A Discounting Rule for the Social Cost of Carbon
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'Replication code for 'A Discounting Rule for the Social Cost of Carbon' by Richard Newell, William Pizer, and Brian Prest, accepted at JAERE. The code calibrates discounting parameters (rho and eta) in a Ramsey-like discounting rule for estimating the social cost of carbon. The input data are empirically derived interest rate term structures (based on Bauer and Rudebusch 2020) and econometrically estimated distributions of global economic growth (based on Muller, Stock, and Watson 2019). The result is a set of empirically calibrated discounting parameters. The impact on the SCC is demonstrated in an illustrative calculation applying the parameters to output of the DICE model (relative to constant discounting, as previously embraced by the US government)' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["social cost of carbon, discount rate"]} <|eot_id|>
 Here is the Description of a dataset. Description:'Replication code for 'A Discounting Rule for the Social Cost of Carbon' by Richard Newell, William Pizer, and Brian Prest, accepted at JAERE. The code calibrates discounting parameters (rho and eta) in a Ramsey-like discounting rule for estimating the social cost of carbon. The input data are empirically derived interest rate term structures (based on Bauer and Rudebusch 2020) and econometrically estimated distributions of global economic growth (based on Muller, Stock, and Watson 2019). The result is a set of empirically calibrated discounting parameters. The impact on the SCC is demonstrated in an illustrative calculation applying the parameters to output of the DICE model (relative to constant discounting, as previously embraced by the US government)' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
Replication code for 'A Discounting Rule for the Social Cost of Carbon' by Richard Newell, William Pizer, and Brian Prest, accepted at JAERE. The code calibrates discounting parameters (rho and eta) in a Ramsey-like discounting rule for estimating the social cost of carbon. The input data are empirically derived interest rate term structures (based on Bauer and Rudebusch 2020) and econometrically estimated distributions of global economic growth (based on Muller, Stock, and Watson 2019). The result is a set of empirically calibrated discounting parameters. The impact on the SCC is demonstrated in an illustrative calculation applying the parameters to output of the DICE model (relative to constant discounting, as previously embraced by the US government)
social cost of carbon, discount rate