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Pricing climate change / John Hassler, Institute for International Economic Studies, Stockholm University, VoxEU.org, 11 March 2012http://www.voxeu.org/index.php?q=node/7711The concern over the negative consequences of global warming has led to a vast array of policy measures aimed at reducing the use of fossil fuels. Yet a comprehensive plan for a shift towards more climate-friendly energy is still lacking. This column argues that a major reason for this is that macroeconomists have not been sufficiently active in the policy discussion. It then lays out four lessons from macroeconomics that should be helpful...